Chart Master: Time to trim tech positions

Watch on YouTube ↗  |  January 14, 2026 at 22:42  |  2:56  |  CNBC
Speakers
Carter Worth — Technician, Fast Money

Summary

Carter Braxton Worth of Worth Charting joins Fast Money and reiterates his underweight technology call. He argues tech's relative performance peaked in late October and software is taking the brunt of the weakness. Worth highlights the iShares Expanded Tech-Software ETF's topping chart pattern and says Microsoft is the key heavyweight to watch because it is acting poorly.

  • Carter Braxton Worth reiterates a January 5 underweight technology call.
  • Tech sector relative performance peaked October 30 and has underperformed for three months.
  • Software is the weakest area within tech, according to Worth.
  • The iShares Expanded Tech-Software ETF shows a potential topping pattern and a breached trend line.
  • Worth says the software ETF's relative performance has shown no alpha for five years.
  • Microsoft is the most important heavyweight to watch due to poor price action.
  • The host notes the iShares software ETF fell more than 2% on AI-threat concerns.
Ideas
Carter Worth Technician, Fast Money 0:39
Tech relative performance peaked; underweight technology.
Worth reiterates an underweight technology call: the tech sector's relative performance peaked on October 30 and is in a third month of underperformance versus the market. He argues the charts set up for more poor relative performance and says he made the call emphatically in his first research report of the year, advising clients to trim long positions and add to shorts.
XLK HIGH
Carter Worth Technician, Fast Money 0:45
Software ETF chart shows poor relative performance.
Within technology, Worth says software is taking the hit. He charts the iShares Expanded Tech-Software ETF, noting its relative performance peaked five years ago even as the ETF price rose, which he calls the definition of no alpha. The chart shows elements of a top/reversal, a breach of the trend line from the tariff low, and converging trend lines (triangle/wedge), which he says sets up for more poor relative performance.
IGV HIGH
Carter Worth Technician, Fast Money 2:18
Microsoft key heavyweight to watch, acting poorly.
Worth says the most important name to answer which stock is weakest is Microsoft because it is a heavyweight that is acting poorly; other well-known software names lack Microsoft's market cap and importance. He calls Microsoft the one obviously to watch.
MSFT MED
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This CNBC video, published January 14, 2026, features Carter Worth discussing XLK, IGV, MSFT. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Carter Worth  · Tickers: XLK, IGV, MSFT