‘Market Has Enough Gas’: Najarian

As the S&P 500 closed within 4 points of its all-time high Wednesday, OptionMonster's Jon Najarian saw enough strength for stocks to continue higher.

"If it weren't for Oracle, it probably would've been early in the morning tomorrow," he said.

Even with a big quarterly earnings miss from Oracle, Najarian added, "the market still has enough gas to get past that."

The Dow Jones Industrial Average also rallied to hit an all-time high of 14,546.82,

On "Fast Money," Najarian said that the company's weak results would wave off any changes in the Federal Reserve's asset purchases and accommodative monetary policy.

"If you're somebody hoping for bad news – not to push the market down, but to keep the Fed in that little tight box – that is exactly where the Fed is. They're stuck. They can't get out of this now," he said.

"In other words, if you were looking for an early exit in Q3 or even Q4, ain't happening, folks."

Trader disclosure: On March 20, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long SBUX; Tim Seymour is long MSFT; Brian Kelly is long S&P ; Brian Kelly is long GOLD; Brian Kelly is long SILVER; Brian Kelly is long TREASURIES; Brian Kelly is short Copper; Brian Kelly is short Oil; JJ Kinahan is long AAPL; JJ Kinahan is long BAC; JJ Kinahan is short GS puts; JJ Kinahan is short WFC puts; JJ Kinahan is long CSCO; JJ Kinahan is short FB Calls; JJ Kinahan is long MSFT.