As stock markets lost steam this week, "Fast Money" traders discussed how they would play a possible sustained pullback.
Major U.S. averages ended the short trading week about half a percent lower, snapping a five-week win streak. Markets are closed on Friday for Good Friday.
Trader Tim Seymour said he would buy commodities stocks if markets fall more. He believes commodities prices will stabilize, boosting miners like BHP Billiton and Rio Tinto.
Both stocks have taken a recent hit. Shares of BHP and Rio Tinto have fallen about 45 and 35 percent in the last year, respectively.
Trader Karen Finerman, meanwhile, said shares of Foot Locker look appealing on a dip. She already owns the stock, which has fallen more than 2 percent this year.
Trader Brian Kelly noted that he would stay away from bank stocks if markets fell more.
Disclosures:
Karen Finerman
Karen is long BAC, C, FL, GOOG, GOOGL, JPM, LYV, KORS, M, SEDG, SPY puts, URI. Her firm is long ANTM, AAPL, BAC, BOKF, C, C calls, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, NRF, PLCE, SPY puts, URI, her firm is short IWM, MDY. Karen Finerman is on the board of GrafTech International.
Brian Kelly
Brian Kelly is long BBRY, Bitcoin, GLD, GLD puts, SH, SLV, TLT, US Dollar, UUP, Yen; he is short Aussie Dollar, BLK, British Pound, CS, DB, Euro, EWH, FRC, Hong Kong Dollar, UBS, SPY, Yuan, 5-Year Note Futures
David Seaburg
Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc
Tim Seymour
Tim Seymour is long AAPL, AVP, BAC, BBRY, DO, EDC, F, FCX, GM, GOOGL, INTC, NKE, SINA, T, TWTR, VZ, XOM. Tim's firm is long BABA, BIDU, CLF, KO, MCD, MPEL, PEP, PF, SAVE, SBUX, VALE, WMT,YHOO, short HYG, IWM.