'Fast Money' Recap: Correction Coming?

NEW YORK (TheStreet) -- The markets ended flat Wednesday with signs that the rally may be sputtering.

The Dow Jones Industrial Average rose 4.32, or 0.04%, to 9543.52, while the S&P 500 was up 0.12, or 0.01%, to 1028.12 The Nasdaq added 0.20, or 0.01%, to 2029.43.

Joe Terranova said on CNBC's "Fast Money" TV show that people are talking about the "correction trade." He said they should be careful about that trade because of three reports coming out next week. They are the report from the Institute for Supply Management, the minutes from the Federal Open Market Committee and Friday's unemployment picture. "They could be potentially positive reports," he said.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Steve Cortes said the bulls have to be worried because they lost their generals: the Nasdaq, which is badly lagging the S&P, and China, which is trading lower.

Guy Adami agreed, saying the rhetoric about China isn't as rosy as it looks like.

Terranova said the hedge fund community and money managers will be on a "chase for performance" between Thanksgiving until the end of the year. He said that could tack on another 11% on the Dow. He said a lot of money is coming in from the sidelines and that is not going to change unless there is a deep pullback, and he doesn't see that happening now.