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Battle The Bear: What's Working?

Thursday, 20 Nov 2008 | 6:36 PM ET

With so much gloom and doom in the market we thought you might like hearing about some good news. On Thursday gold showed some strength , as did Target(TGT) . Also the action in Charles Schwab (SCHW) looked promising.

Call us Pollyanna but there’s a sunny side to every situation. But are any of those securities a buy going forward?

Gold

Gold has been a non-performer, says Guy Adami. I still think it trades with a 6-handle before it trades with an 8-handle.


Target

  Price   Change %Change
TGT
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I pointed out Target had a huge volume day on Wednesday, says Guy Adami, and I thought it was capitulation. But now, this trade is over.

Charles Schwab

  Price   Change %Change
SCHW
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You’ve got to love all the on-line brokers, exclaims Pete Najarian. TD Ameritrde , and Schwab both had record months. Options action suggests these stocks could go higher

The Dollar


I still stand behind the fundamental the dollar is better than the euro and I’m long the PowerShares DB US Dollar Index Bullish ETF , says Jeff Macke.

Battle the Bear
The Fast Money traders help viewers battle the bear market.



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Trader disclosure: On Nov.20, 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); Karabell Owns (AAPL), (C), (CSCO), (GOOG), (JPM), (UYG); Najarian Owns (AXP) Put Spread; Najarian Owns (C) Puts; Najarian Owns (CVX) Put Spread; Najarian Owns (IYR) Puts; Najarian Owns (IYR) Puts; Najarian Owns (SCHW) And Is Short (SCHW) Calls; Macke Owns (SDS), (MSFT), (WMT), (UUP); Macke Is Short (YHOO)

Charles Schwab Is A Sponsor Of "Fast Money"

GE Is The Parent Company Of CNBC

  Price   Change %Change
UUP
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AMTD
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SCHW
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TGT
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  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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