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WHAT A WEEK FOR GOLD
Gold closed out a wild week on a down note. Despite the modest profit taking the precious metal still rallied over $17 over the last 5 days and up for the 4th consecutive week.
What’s the trade?
If you look at the action during the day, it seems to me that weak hands got out of their positions early and then gold returned to it’s bullish trend, says Joe Terranova.
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CAN THE U.S. CONSUMER SAVE US?
Investors are turning attention to retail next week with earnings due from a slew of giants including Walmart, TJMaxx and Home Depot .
Will the US consumer prevail and save this market?
Out of all of the companies reporting I'm most hopeful about results from Home Depot and Lowes, says Patty Edwards of Storehouse. But that's because it typically takes about $5000 of improvements to take a foreclosure back to market.
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Trader disclosure: On May 14, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Owns Gold; Terranova Owns (GLD), (PFE), (YHOO), (KSS), (COST), (TER), (SWN); Karabell Owns (GOOG), (GS), (C); Grasso Owns (BP), (NDAQ), (DYN), (LPX), (ASTM), (ABK), (BAC), (BGP), (C), (CVGI), (JPM), (PRST), (PFE), (BA), (T), (CSCO), (X); Finerman's Firm Is Short (IYR), (MDY), (SPY), (IWM), (RTH), (US0); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Call; Finerman Owns (BAC), (BAC) Preferred; Finerman Owns (GOOG); Finerman Owns (GS); Finerman's Firm And Finerman Own (IBM); Finerman's Firm Own (KFT); Finerman's Firm And Finerman Own (JPM); Finerman's Firm Owns (WMT); Seymour Owns (AAPL), (BAC), (GOOG), (MSFT), (UNG); Gordon Is Short Australian Dollar, Canadian Dollar vs. Yen
For Tim Seymour:
Seygem Asset Management Is Short (X)
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 (AMKR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (DBV)
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 (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (DRYS)
For Steve Grasso
Stuart Frankel And Its Partners Own (AMR)
Stuart Frankel And Its Partners Own (BAX)
Stuart Frankel And Its Partners Own (DYN)
Stuart Frankel And Its Partners Own (CUBA)
Stuart Frankel And Its Partners Own (DYN)
Stuart Frankel And Its Partners Own (GERN)
Stuart Frankel And Its Partners Own (HSPO)
Stuart Frankel And Its Partners Own (MERC)
Stuart Frankel And Its Partners Own (NWS.A)
Stuart Frankel And Its Partners Own (NYX)
Stuart Frankel And Its Partners Own (PALM)
Stuart Frankel And Its Partners Own (PDE)
Stuart Frankel And Its Partners Own (PFE)
Stuart Frankel And Its Partners Own (PRST)
Stuart Frankel And Its Partners Own (RDC)
Stuart Frankel And Its Partners Own (TLM)
Stuart Frankel And Its Partners Own (XRX)
Stuart Frankel And Its Partners Own (SDS)
Stuart Frankel And Its Partners Are Short (QQQQ)
Stuart Frankel And Its Partners Are Short (CL)
Stuart Frankel And Its Partners Are Short (AAPL)
For Patty Edwards
Edwards Owns (VXX)
Edwards Owns (VXX) For Clients
Edwards Owns (SPY) For Clients
Edwards Owns (GLD) For Clients
Edwards Owns (QQQQ) For Clients
Edwards Owns (BAC) For Clients
Edwards Owns (AAPL) For Clients
Edwards Owns (GOOG) For Clients
Edwards Owns (C) For Clients
Edwards Owns (COST) For Clients
Edwards Owns (CSCO) For Clients
Edwards Owns (JPM) For Clients
Edwards Owns (JNJ) For Clients
Edwards Owns (KFT) For Clients
Edwards Owns (MS) For Clients
Edwards Owns (MSFT) For Clients
Edwards Owns (V) For Clients
Edwards Owns (WMT) For Clients
Edwards Owns (WFC) For Clients
Edwards Owns (YHOO) For Clients
For Simon Leopold
(DY) Is A Client Of Regions Bank, Which, Like Morgan Keegan, Is A Subsidiary Of Regions Financial
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