'Fast Money' Portfolios of the Week
Stockpickr Staff
06/25/09 - 01:57 PM EDT
Updated to add portfolio
The traders of
CNBC's "Fast Money" have been warning investors recently about the strong possibility of a correction in the stock market. Guy Adami, for instance, has been pounding the desk for days about warning signs that he's considered very bearish. He told viewers on a number of occasions that the path of least resistance appears to be lower. He was especially concerned about the fact that the
S&P 500 has traded up to the 200-day moving average, a key technical level, a couple of times and failed.
Jon Najarian has mentioned he is looking for a 5% to 10% correction in the markets. Joe Terranvoa thinks the weak-dollar trade is making a comeback and the resource names could benefit. He also told viewers he bought some
Research In Motion(RIMM Quote) on Tuesday because he feels a sector rotation into tech is making a comeback. Tim Seymour said that if the S&P 500 drops to 850, it will mark a 10% correction. However, he thinks the market is stuck in a range and he doesn't see more downside from current levels.
The "Fast Money" crew has recently highlighted trading ideas that play off the solar sector, six stocks for a market correction and some short trade ideas. Here are some highlights from over the past week as aggregated from the show.
To read more,
visit Stockpickr.com.