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With the recent weak performance in stocks, is it time to take profits? For insights we checked the charts.
Gregory Troccoli, the director of technical research at Opalesque tell Fast Money that patterns in the S&P [.SPX
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] suggest we are not going to retest the lows.
But how does he expect stocks to trade going forward? Find out now - watch the video!
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Trader disclosure: On Apr 8th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WFC), (AAPL), (WMT), (SDS), (GS), (GE) ; Seymour Owns (AAPL), (BAC), (BX), (EEM), (FCX), (FXI), (RIO) ; Karabell Owns (AAPL), (CSCO), (FCX), (FXI), (GOOG), (GLD), (JPM), (NOK); Najarian Owns (APPL), (BAC), (C), (TCK), (NTAP), (CPN); Najarian Owns (AXP) Calls, (BIIB) Calls, (HUM) Calls, (JPM) Calls, Najarian Owns (V) Calls
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