Technical Corner

Market technician Carter Worth of Oppenheimer has sells on United Parcel Service,Lowes and Coca-Cola.He has buys on Nvidia,Goldcorp and Pacific Gas and Electric.Mr.Worth is overweight tech and semiconductors,and is moving into Chubb and Morgan Stanley.

About Bear Markets

According to Carter Worth of Oppenheimer,bear markets have two phases:1.capitulation,and 2.apathy(healing).We are still in the first phase,since the markets are in the process of finding a bottom.The volatility we are seeing is unprecedented.Mr. Worth likes airlines,biotech and regional banks.