'Fast Money' Recap: Tech to the Rescue

NEW YORK (TheStreet) -- The markets ended mixed Monday with some light profit taking.

The Dow Jones Industrial Average fell 41.34, or 0.42%, to 9778.86, while the S&P 500 dropped 3.64, or 0.34%, to 1064.86. The Nasdaq rose 5.18, or 0.24%, to 2138.04.

Joe Terranova said on CNBC's "Fast Money" TV show that technology stocks rescued a trading session that had been moving to the downside. He said Tuesday's session may rest on what happens in the emerging markets.

Tim Seymour said the markets once again showed their resiliency, especially in the emerging-market commodity space, which was able to eke out gains.

Karen Finerman said the next short-term catalyst will be a good jobless claims number.

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

Looking ahead to the G-20 meeting in Pittsburgh this week, Seymour said the U.S. and China will have to work out a more balanced approach toward growth with the less developed nations. Meanwhile, Terranova said he expects the dollar to remain strong going into the global summit.

Commenting on gold retreating for a third day, Terranova said he was going to wait until gold hits $1,034 an ounce before getting back in. Guy Adami put out a cautionary note on gold mining stocks, especially Newmont Mining(NEM Quote), which he said is overvalued.

Melissa Lee, the moderator of the show, shifted the panel's attention to Dell's(DELL Quote) acquisition of Perot Systems(PER Quote) for $3.9 billion and a 68% premium based on last Friday's closing price.