'Fast Money' Recap: Healthy Pullback

NEW YORK (TheStreet) -- The markets closed Friday giving up the gains during the week.

The Dow Jones Industrial Average dropped 36.43, or 0.38%, to 9544.20, while the S&P 500 fell 2.05, or 0.20%, to 1028.93. The Nasdaq added 1.04, or 0.05%, to 2028.77.

Guy Adami said on CNBC's "Fast Money" TV show that the market should have rallied on the back of the solid earnings reports from Intel(INTC Quote) and Dell(DELL Quote). He said the fact that it didn't "scares" him.

Steve Grasso said he would make too much of today's market decline. He said investors are just taking the opportunity at the end of the month to lock in profits.

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

Joe Terranova said this week's price action supported last week's move up in the S&P to 1015 while the oil-commodities trade held up after last week's reversal.

Jon Najarian said the good news is that the tech sector held up and should benefit from a product upgrade cycle down the road.

Terranova said he dropped out of his position in Microsoft(MSFT Quote) when it exhibited "bad price action" by falling below a certain technical range. He said his decision to drop the stock had nothing to do with the company's fundamentals but with technical considerations.

Terranova said he is long Apple(AAPL Quote) after the announcement of a deal to bring the iPhone to China. He said the deal will add to Apple's top line.