RECENT POSTS
FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
FULL SHOWSMissed an episode of Fast Money? Watch the lastest show here.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
Text Size 
 |
Although all 3 major indexes closed with substantial gains it's important to take a hard look at what happened early in the session. The S&P 500 [.SPX
Loading...
()
] sank beneath its October 10th low of 840 during intra-day trading while the Nasdaq [.NCOMP
Loading...
()
] crashed through technical resistance, too.
But around lunch time institutional investors came into the market and generated a monster rally which sent the Dow [.DJIA
Loading...
()
] soaring. Just as fear drove the market lower, this time it fueled the rally with investors worried that they might get left out of the upside.
Can we hold the line?
One of the first market technicians to call a bottom was Oppenheimer’s Carter Worth. He expects this bottom will hold and that the violent moves this week are, in fact, optimistic signs. “The market is in the throws of pricing in all the bad news that’s coming. It’s in a process of stabilizing and healing.”
As we’ve told you before Worth recommends being all in, on the long side. And that’s a controversial thesis to say the least. But once again he tells Dylan Ratigan, “It’s right to take the road less traveled. I think one is better served by buying and not selling.”
Worth finds two stocks attractive. They follow:
Patterns in both these charts appear to be bullish to Worth. He says, very succinctly, “get long.”
What do you think? Tell us now!
To see Carter Worth’s entire technical analysis please watch the Word on the Street video.
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- Your First Move For Friday November 27th
- Web Extra: Private Equity, Conviction Buy?
- Pops & Drops: Abercrombie & Fitch, Nucor...
- Giving Thanks: Seymour
- Your Questions About... Alcoa & The Dollar
- Best Wishes Regis
- Gartman's Annual Rules For Trading
- Chartology: December Outlook
- Holiday Toy Trades
______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to .
Trader disclosure: On Nov.13, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (MSFT), (UUP), (WMT), (DIS), (MGM); Finerman's Firm Owns (MSFT), (UNH); Finermans Firm Owns (OIH) Puts; Finerman's Firm Is Short (IJR), (IYR), (IWM), (MDY), (SPY), (USO), (BBT), (VNO), (COF), (USO); Pete Najarian Owns (AXP) Put Spread; Pete Najarian Owns (CROX) Call Spread; Pete Najarian Owns (FXI) Put Spread; Pete Najarian Owns (LVS) Call Spread; Pete Najarian Owns (MU) Calls
GE is the parent company of CNBC
CNBC.com with wires
Data is a real-time snapshot *Data is delayed at least 15 minutes