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Make-Or-Break Time For The Market

There’s no doubt about it. This is make-or-break time for the market. The benchmark S&P 500 has risen 34 percent after touching a 12-year lows in early March.

On Tuesday stocks ended lower with big-cap technology companies, banks, home builders and big manufacturers all dragging the S&P lower. These sectors have all been among the market's bright spots during the two-month rebound.

Should you take profits now or stay in? And which companies are looking good with sustainable gains?

Guy Adami

I don’t think the rally continues at this rate. I’m not saying go out and short the market, just that the rally feels a little old.

And I’m watching Fortress. Even if the market goes sideways or lower I still think Fortress can continue higher because they have the right tailwinds behind them.

Tim Seymour

I think we’ll see new money coming into this market so I remain bullish. I would definitely not take money of out emerging markets.

Pete Najarian

I like Discover Financial Services. They’ve underperformed as compared to their peers. And options traders are buying the May-10 calls which suggests this stock could move higher.




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Trader disclosure: On May 5th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (AAPL), (PCLN), (LVS), (SDS), (GE), (NFLX), (IMAX), (GS); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (BX), (RIO), (SBUX); Najarian Owns (BX) Call Spread; Najarian Owns (DFS) Calls; Najarian Owns (ERTS) Calls; Najarian Owns (FIG); Najarian Owns (MCD) And Is Short (MCD) Calls; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (PALM) And Is Short (PALM) Calls; Najarian Owns (XLI) Call Spread; Najarian Owns (XHB) Call Spread

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