'Fast Money' Recap: Rally Time

The stock market saw its best 4 days since March 2003 this week. The Dow finished Friday up 59 points and the S&P 500 closed up 11 points. The crew at CNBC's "Fast Money" took a close look at what motivated the rally, as well as raw materials and upcoming analyst days.

Karen Finerman was very impressed by the rally this week and she thinks liquidity is returning. Pete Najarian loves that money is returning to the market after both Citigroup(C Quote) and E*TRADE(ETFC Quote) received cash infusions this week. However, Tim Seymour doesn't think we are out of the woods just yet, but liquidity might be on the way. Guy Adami would be happier if the S&P 500 could close above 1490.

Leading technology stocks failed to participate in the rally Friday. Najarian thinks profit taking is coming into tech leaders like Google(GOOG Quote), Research In Motion(RIMM Quote) and Apple(AAPL Quote). He recommends selling into the strength on these names. Dennis Gartman disclosed he sold his Apple position Friday and bought Potash

Raw Material Trade

Some material names like United States Steel(X Quote) broke out this week as the dollar stabilized. Previously, material names would trade higher as the currency depreciated. Seymour explained that steel prices are at 9 month highs while inventories are at 9 year lows. He went on to say that U.S. steel exports look cheap around the world and resource companies are back in play. Seymour thinks the BHP Billiton(BHP Quote) and Rio Tinto(RTP Quote) merger will get done. Adami says Goldman Sachs upgraded the steel sector this week and he thinks United States Steel is going to $115.