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Fast Forward – Wednesday March 17th

Tuesday, 16 Mar 2010 | 5:57 PM ET

Following you'll find several catalysts that could move the market - or sectors of the market - on Wednesday March 17th

GOLD BREAKOUT?

The News: With gold making sharp gains on Tuesday, how will it trade Wednesday?

The Trade: I think gold is in a bull pattern right now, says Guy Adami.

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OIL INVENTORIES

The News: As a weak dollar boosts oil above the technically important $80 level, how should you trade?

The Trade: I expect oil will take out $83.95 over the next few days, says Joe Terranova.

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PPI

The News: Economic data could rock the market on Wednesday after the PPI or Producer Price Index is released.

The Trade: At the core I don't think the number will be anything to worry about, muses Tim Seymour.

  Price   Change %Change
S&P 500
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NIKE

The News: With Tiger Woods returning to pro golf, what’s the impact on sponsor Nike?

The Trade: I expect to see positive trends in Nike, says Pete Najarian.

  Price   Change %Change
NKE
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ALLIED IRISH BANK

The News: Considering Wednesday is St. Patrick’s Day, should you take a look at Dublin based Allied Irish Bank?

The Trade: I think this stock is gold at the end of the rainbow, says Brian Kelly. They're selling off their bad assets.

Fast Forward
Tomorrow's trades tonight


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Trader disclosure: On March 16, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Grasso Owns (TSO), (AAPL), (ABK), (ASTM), (BA), (BAC), (BGP), (C), (COST), (CSCO), (PFE), (PRST), (WMT), (FAZ); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (BAC) Call Spread; Najarian Owns (C) Calls; Najarian Owns (F) Calls; Najarian Owns (GE) Calls; Najarian Owns (HOG) Call Spread; Najarian Owns (INTC) Calls; Najarian Owns (MCD) Call Spread; Najarian Owns (NSC); Najarian Owns (PCX); Najarian Owns (BP); Seymour Owns (AAPL), (BAC), (F), (GE), (TSO),(XOM); Terranova Is Short (AMR); Terranova Is Short (CAL); Terranova Is Short (GOOG); Terranova Owns (POT); Terranova Owns (TER); Terranova Is Long. Dec. 2010 Crude Oil Futures; Edwards Owns (CBI) For Clients; Edwards Owns (GLD) For Clients; Edwards Owns (GE) For Clients; Edwards Owns (CVX) For Clients; Edwards Owns (QQQQ) For Clients; Edwards Owns (SPY) For Clients; Edwards Owns (XOM) For Clients; Stutland's Firm Is A Market Maker In VIX, Is Short Volatility; Stutland's Firm Is A Market Maker In SPX, Is Short Volatility; Stutland Is Short (GLD); Stutland Owns (CVX), Is Short Options; Stutland Owns (GE) And Is Short (GE) Calls And (GE) Puts

GE Is The Parent Company Of CNBC

For Tim Seymour
Seygem Asset Management Owns (MTL)
Seymour Owns (AA)

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (GOK)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLI)

For Steve Grasso
Stuart Frankel & Co. Inc. And Its Partners Are Short (AAPL)
Stuart Frankel & Co. Inc. And Its Partners Own (ABK)
Stuart Frankel & Co. Inc. And Its Partners Own (CUBA)
Stuart Frankel & Co. Inc. And Its Partners Own (GERN)
Stuart Frankel & Co. Inc. And Its Partners Own (GLG)
Stuart Frankel & Co. Inc. And Its Partners Own (HSPO)
Stuart Frankel & Co. Inc. And Its Partners Own (NWS.A)
Stuart Frankel & Co. Inc. And Its Partners Own (NXST)
Stuart Frankel & Co. Inc. And Its Partners Own (NYX)
Stuart Frankel & Co. Inc. And Its Partners Own (PDE)
Stuart Frankel & Co. Inc. And Its Partners Own (PRST)
Stuart Frankel & Co. Inc. And Its Partners Own (RDC)
Stuart Frankel & Co. Inc. And Its Partners Own (TLM)
Stuart Frankel & Co. Inc. And Its Partners Own (TOL)
Stuart Frankel & Co. Inc. And Its Partners Own (XRX)
Stuart Frankel & Co. Inc. And Its Partners Own (SDS)
Stuart Frankel & Co. Inc. And Its Partners Are Short (QQQQ)
Stuart Frankel & Co. Inc. And Its Partners Are Short (CL)

For Brian Kelly
Kanundrum Capital Owns (GE)
Kanundrum Capital Owns (JPM)
Kanundrum Capital Owns (PAG)
Kanundrum Capital Owns (SCHW)
Kanundrum Capital Owns (CVX)
Kanundrum Capital Owns (DE)
Kanundrum Capital Owns (ELX)
Kanundrum Capital Owns (BRCM)
Kanundrum Capital Owns (TXN)
Kanundrum Capital Owns (QCOM)
Kanundrum Capital Owns (POT)
Kanundrum Capital Owns (IPI)
Kanundrum Capital Owns (MOS)
Kanundrum Capital Owns (GLD)
Kanundrum Capital Owns (GDXJ)
Kanundrum Capital Is Short (FCX)
Kanundrum Capital Is Short (FXI)
Kanundrum Capital Is Short (EWH)
Kanundrum Capital Is Short (EWY)
Kanundrum Capital Is Short (SDS)
Kanundrum Capital Is Long U.S. Dollar
Kanundrum Capital Is Short Copper
Kanundrum Capital Is Short Treasuries





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

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  • 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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