NEW YORK (TheStreet) -- West Texas Intermediate climbed 4.5% on Friday, adding fuel to the energy sector's near-10% rally since Tuesday. However, we don't quite have the "all clear" yet, Pete Najarian, co-founder of optionmonster.com and trademonster.com, said on CNBC's "Fast Money" TV show.
However, it's encouraging large-cap technology stocks including Hewlett-Packard (HPQ) and Western Digital (WDC) have lead the rally, as have financial stocks. Turning to cyber security, Najarian likes Intel (INTC) and F5 Networks (FFIV) .
A more pure play on cyber security would be FireEye (FEYE) and Palo Alto Networks (PANW) , said Guy Adami, managing director of stockmonster.com. The stabilization of the Russian ruble and crude prices have helped fuel the S&P 500's rally, he added.
In the near term, investors should consider taking some profits and selling stocks on Monday, according to Tim Seymour, managing partner of Triogem Asset Management. There aren't any catalysts to push stocks higher into year's end but plenty of questions about the state of the market's rally do exist, he said.
"I would be skeptical of this rally," said Brian Kelly, founder of Brian Kelly Capital. There's no reason stocks can't resume the selloff. He is a seller of high-yield bonds.
The traders turned their attention to 2015 and provided their top picks going into next year. Kelly said he's a buyer of BlackBerry (BBRY) . Management has done a great job so far and "this is what I would buy with both hands on Monday," he said.
"I'm pretty bullish on Europe," said Seymour. The declining euro will be a tailwind for the European economy and for exporting countries. The European Central Bank is likely to initiate some form of quantitative easing next year.