(Updated to add portfolio.)
By Roberto Pedone
PEWAUKEE, Wis. (
) -- The traders of
"Fast Money" think that most money managers that operate on Wall Street can't afford not to be invested in the markets right now. Joe Terranova told viewers on Tuesday's show that money managers can't be short here, especially if Friday's employment numbers come in strong. Angel Mata of Stifel Nicolaus said the market is being driven by fear that investors are missing out on a big run.
Pete Najarian thinks it's a very bullish sign that the
was able to hold the psychologically important 1,000 level. Tim Seymour mentioned that 1,000 didn't hold on the way down, so there is no reason it has to hold on the way up.
During a special technical segment on Tuesday's show, Oppenheimer Chief Market Technician Carter Worth said that for it to be an official bull market, the market needs to be sharply rising as measured by the pattern in the 150-day moving average. As of right now, that moving average has only just gone flat. He thinks the market will not have a massive rally into the fall and that stocks will end up flat on the year.
The crew has recently highlighted trading ideas that play off the technology sector, stocks for the long term and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.
To read more,
-- Written by Roberto Pedone in Pewaukee, Wis.
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