This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Fast Money' Recap: What's Next?

NEW YORK (TheStreet) -- The S&P 500 slid lower on Thursday over continued fears in emerging markets and amid the Federal Reserve's decision to taper an addition $1 billion from its asset purchasing plan. 

Guy Adami, managing director of stockmonster.com, said he would be "shocked" if the broader market declined on Thursday. It's important for the S&P 500 to stay above 1,765 for the bulls. 

Josh Brown, CEO and co-founder of Ritholtz Wealth Management, said he doesn't expect the market to rally on Thursday. He added there have been interesting pockets of strength, including the Market Vectors Gold Miners ETF (GDX), the iShares 20+ Year Treasury Bond ETF (TLT) and the Materials Select Sector SPDR ETF (XLB)

Dan Nathan, co-founder and editor of riskreversal.com, said last year's leading stocks have been selling off for weeks now, including Nike (NKE) and Starbucks (SBUX).  He added that the S&P 500 seems likely to trade down to 1,700, near the 200-day moving average. 

Steve Grasso, director of institutional sales at Stuart Frankel, said the S&P 500 keeps hitting on support at its 100-day moving average, making it more likely that it will eventually fail. He thinks the market will go lower. 

Google (GOOG) announced it will sell Motorola Mobility to Lenovo for $2.91 billion, pending regulatory approval. Adami said investors should stay long Google but reduce their long position before the close on Thursday. 

Nathan said Google is getting overvalued because it is up 35% since it reported earnings last quarter. He said investors should look to buy near $1,000. 

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,014.80 -24.69 -0.14%
S&P 500 1,988.63 -3.74 -0.19%
NASDAQ 4,537.2540 +5.15 0.11%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs