The first trading day of December offered little in market action. On Monday the Dow finished down 57 points and the Nasdaq fell 23 points. The team at CNBC's 'Fast Money" looked to the charts for answers as well as getting Dennis Gartman's opinion.
Chartology with Barry Ritholtz
Barry Ritholtz, Director of Research at Fusion IQ Research, joined the "Fast Money" crew to discuss what a technical analysis of the market tells him. According to Ritholtz, the trend is your friend on the 5-year chart of the S&P 500. Until it breaks the trend line, he would stay long. Ritholtz likes the charts on State Street(STT Quote) and Stanley(SXE Quote). Guy Adami agrees with Ritholtz on State Street.
(Read more by Barry Ritholtz at Real Money.com Five Stocks for Playing a Recession Safely.)
Gartman's View
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
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