It was a rough week on Wall Street, as the S&P 500 and Nasdaq Composite put in their worst weekly performance since June 2012. In light of the downturn in stocks, CNBC's "Fast Money" traders offered their best ways to play the sell-off, and gave guidance on how to position in the coming days.
Steve Grasso of Stuart Frankel pointed out a key level to watch in the S&P 500 for an indication of where the market could be headed.
"You have to look at the 100-day moving average," he said, which sits at 1,828. "If this gets lengthier than five days below 1,828, then the market is in trouble."
Grasso also offered a name he would buy on the dips. "With more access to cars, Pandora's going to be in more and more rides going forward. I think this is a good place to buy it," he said.
Tim Seymour of Triogem Asset Management took a glass-half-full view of the sell-off, saying that the market's volatility is creating a great environment to be a stock picker.
"I think the second-quarter thaw for the economy is going to be much stronger than people expect … the industrial side of the economy, that's where you want to trade this thing," he said.
Jon Najarian of Optionmonster.com said that the market weakness presents a great entry point for online travel company Tripadvisor, which fell 8 percent in just the past week. "Right now, with it down as much as it is, I would be a buyer of TRIP," he said.