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.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,023.42 | 1,069.30 | 2,112.44 | 35.03 |
Oil *
76.05
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UP
17.46
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UP
2.67
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UP
7.12
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DOWN
0.30
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10 Yr
3.50%
SPDR Gold
107.43
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+0.17%
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+0.25%
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+0.34%
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-0.85%
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