Fast Money

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Fast Money

No.1 - Charting Through The Storm

In a volatile market, technicals can often be useful tool for charting the best trades. And there are few better at doing that than Eric Bolling. We call him The Admiral because he can always chart a course through this kind of storm.

Eric Bolling says the S&P chart suggests to him that if the S&P falls below 1465, “things will get very dicey.” He feels investors can own the S&P 500 Index "Spiders" ETF (SPY) down to 1465.

Chartology on the Indices

Eric likes the NASDAQ chart and recommends owning PowerShares QQQ Trust (QQQ) with a 1950 stop out.

Pete Najarian says charts of volatility indexes suggest to him that tech names are safer than the overall S&P 500.

For more on ETFs read...

>The Word On Exchange Traded Funds

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Trader disclosure: On July 26th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Bolling Owns (BP); (XOM)