The traders of CNBC's "Fast Money" spot turning points in the market by using technical and fundamental analysis and by reading the tape. One interesting piece of technical analysis that has many traders confused right now is the Volatility Index (VIX). The VIX has dropped below 30 for the first time since September, and historically when that occurs, the S&P 500 goes up 6% on average in the following six months.

Jon Najarian is concerned that if too much volatility comes out of the markets, we might see a boring summer trade. Dan Fitzpatrick pointed out that the VIX is still high from a historical perspective, but it's just not as high as it was six months ago. Guy Adami thinks its ironic that traders complained when the VIX was high and now complain when it's low. No matter where the VIX heads from here, the traders are still finding a ton of opportunities.

The panel recently highlighted trading ideas that play off of the world's richest investors, engineering stocks and stocks based in India. Here are some highlights from over the past week as aggregated from the show.

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