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 
 |
When it comes to sentiment, there are two instruments that are highly sensitive: Semiconductors and Broker-Dealers. Carter Worth breaks down the art of the chart to determine where the bottom may lie.
Carter Worth, Chief Market Technician at Oppenheimer Asset Mangement also spoke about these intruments on today's Fast Money Final Call.
Here is a summary of Worth's analysis:
The first chart observed was of the S&P 500 [.SPX
Loading...
()
] , which hit a low in 2002, followed by a substantial rally, which then saw a drop nearing previous lows in the spring of 2003. In the same period, the PHLX Semiconductor Index [SOX
Loading...
()
] made the same low in 2002, but did not follow the subsequent new low in 2003.
Worth points out that this same action may be occuring right now, as the SOX has not trended downward to confirm new lows, just as it did in 2002-03.
Second, looking at the two key broker-dealers, Goldman Sachs [GS
Loading...
()
] and Morgan Stanley [MS
Loading...
()
] , the charts display movement that establishes new upward trends. These two names are particularly sensitive to sentiment, which must be differentiated from big banks like JP Morgan [JPM
Loading...
()
] and Bank of America [BAC
Loading...
()
] , which are not purely broker-dealers like Goldman Sachs or Morgan Stanley.
---------------(scroll down for more trades)---------------
- Halftime Report: New Signs Of Downdraft In Market?
- Your First Move For Wednesday November 25th
- Web Extra: Seymour's M&A Play
- Pops & Drops: American Eagle, Green Mountain Coffee...
- Giving Thanks: Najarian
- Take Your Position: Cyber Monday
- Rick's Turkey: Fed Transparency
- Under The Radar Trades
- Our Best Black Friday Trades
- GDP Drags Stocks Lower
______________________________________________________
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 those e-mails to .
CNBC.com with wires
Trader disclosure: On Mar. 12th, 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); Najarian Owns (COF) Call Spread, (FCX) Call Spread, (GDX), (GS) Call Spread, (GLD) Put Spread, (GE) Calls, (JPM) & (JPM) Calls, (MS) & (MS) Calls, (MSFT), (X) Call Spread, (XHB) Call Spread; Seymour Owns (AAPL), (T), (BAC), (EEM), (FXI); Finerman's Firm Is Short (IJR), Short (IWM), Short (MDY), Short (SPY), Short (USO), Owns (MSFT), (DNA) Calls, (BAC) Preferred, (WFC) Preferred, (WFC) Preferred, Short (BBT), Owns (RIG), Owns (PBR);
J. Najarian Owns (MS), (WFC), (COF), (FAS), Is Short (SKF)
Data is a real-time snapshot *Data is delayed at least 15 minutes