SAFE HAVEN APPEAL
Treasuries, the dollar and other safe havens gained on Wednesday as investors took risk off the table.
What should you be watching?
I'm watching the big move in the dollar, adds Jon Najarian. The Dollar ETF broke above the 50-day and 100-day which suggests there could be a lot more gas in the tank. That says to me investors won't stay short dollar and long euro; the unwind could send the greenback much higher.
MARKET BUZZKILL: COMMODITIES
Commodities and industrials were the biggest market buzz kills on Wednesday with crude oil extending losses after a surprise build in gasoline inventories.
What’s the trade?
I’d use the pull back as an opportunity to scale into integrated names such as Occidental or Exxon , counsels Joe Terranova.
TAKE YOUR POSITION: CISCO
Cisco releases earnings on Wednesday after the bell and the Street couldn’t be more eager to hear what they say about the state of the economy.
As we told you Tuesday, with Cisco’s routers and switches providing the backbone for technology infrastructure, Wall Street relies on these results to gauge the health of the technology sector and Corporate America broadly.
In fact, Cisco's earnings call has become so important to the Street - investors typically dissect not only what CEO John Chambers says but the tone in which he says it.
How would you trade it? Tell us now!
ANALYZE THIS: WHAT IS THE FED’S EXIT PLAN?
Given the recent Fed statement, what is the Fed's exit plan and how do you make money in this environment?
Strategist Gary Shilling was positioned almost perfectly ahead of the announcement.
So how does he recommend positioning now? Watch the video above and find out now.
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Trader disclosure: On Aug 11, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Jon Najarian owns (AKAM) short calls; Terranova owns (AKAM), (BAX), (FCX), (MOS), (PFE), (SU), (XBI); Terranova owns (GLD) Calls
For Brian Kelly
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