Are the Fast Money traders buying or selling ahead of the market’s close?
Jon Najarian of OptionMonster: With the UBS technology confab in New York City, I’m a buyer into the close.
Jared Levy of Peak6: I’d like to see the market move lower from here before I look at longs. I’m a seller into the close.
Dan Fitzpatrick of StockMarketMentor: I have the summertime blues on the S&P and I’m a seller.
Fast Money trader Joe Terranova: I’d reduce positions ahead of the Treasuries auctions coming today and later in the week.
This Week’s Treasury Auctions
Monday 3 Month Bills $31B
6 Month Bills $31B
Tuesday 3 Year Notes $35B
Wednesday 10 Year Bonds (3 1/8) $19B
Thursday 30 Year Bond (4.25) $11B
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CNBC.com with wires