Technology stocks continued to show strength on Wednesday with the Nasdaq closing up 28 points while the Dow struggled to close down 20 points. Poor housing numbers and record high oil prices continue to keep the markets at bay. CNBC's "Fast Money" panel tries to make sense of this market divergence.Washington Mutual ( WM) reported a 72% decline in profits and the CEO says the housing slump isn't over. Karen Finerman believes the divergence between technology strength and financial weakness is sustainable as long as people have jobs. She is very nervous about future quarters for Washington Mutual. In Pete Najarian's opinion, the market digested the financial crisis too quickly and he expects to see future adjustments. On the flip side, he expects technology stocks to remain strong. In other mortgage news, Countrywide Financial ( CFC) was hit with a SEC informal investigation into stock sales by CEO Angelo Mozilo. Guy Adami points out that where there is smoke, there is generally fire.