fre free era and the economy is here, and it's going continue to grow, but at a slower pace. >> i know that you're excited about friday's job reports. >> yeah, already counts. >> we're going to get a big piece of it and that does it for us. fast money begins right now. ♪ a historic day for the nasdaq and climbing above 5,000 for the first time in 15 years. we're covering every angle throughout this year. fast money and live from the heart of the action and over looking new york city's time kwar and the traders are here. we will hear from managing partners and the ceo on the tech areas that he is looking to get into right now. plus the top plays to own according to the charts. is not all gains for the nasdaq.

gopro tanking and the details on those stories straight ahead. a history making day and crossing 5,000 since the first time of 2000 and closing that day. as we hover near the record highs, what names can be buy right now? what do you say? >> well, the names are what we're talking about right now when the heaviest waiting, and i think that you would want to throw in apple and intel still fits. there are plenty of tech names that still fit, and the reason that i saw that is when you look at the evaluation, all fair. but, when you look at some of the balance sheets and the over sea money, eventually we're going to have the folks in washington dc figure this out, when skp when they're able to bring it back over, that's going to be the next leg that pushes the market higher. >> yeah, the three names that you mentioned, you don't want to

buy here. i will tell you why everybody owns apple and we're full up on apple, but intel and microsoft lost intel here. think of these three stocks. they have raised -- and they should be cheap. they should be traded and to me i think that apple, you're going buy it and the other two. >> i get what you're saying and when you look at apple, why is it that everybody owns it, so it's going to lose the momentum. is that here o there to buy the apple products. >> if you're looking over it in the long term, that does not matter. i am not able to trade around these things. if i had to pick one, i like google. it had a great year and between the last two years its not done

much. and it's so many others and it's a great business. great cash flow and they too will hope pfully benefit from some none we do get the amnesty and some allocations. >> sometimes the crowd is right for the wrong reasons and sometimes right for the right reasons. >> deep thoughts. >> no, it's true. >> yeah. yeah. >> you don't want to get in the way certain times and other times it makes sense to the apple case. it's hard to poke the holes as much as i would like to try. what can you own? well, bio tech is one that it was not 15 years ago and pete mentioned balanced sheets. you go to the stocks and they have amazing balance sheets and great cash flow and very reasonable and so conductors great story. >> it's amazing to take a look at the waitings then and now.

health care in which it's included and today it's 16.1 percent of the nasdaq composite. it's that shift in the way and tech is much less of a wait. >> i think that the bio tech story and when you look at it. i was on the trading floor and almost every profile was the same. well, now you have the names and you look at all of these big cap names and all of them have drugs that are on the market and they trade with reasonable pe's and some under 20 and then the balance sheets. these guys look like big farm used to look. these pipelines are strong. not only are you getting the drugs, but the future drugs. that's why i think that they have room to go. >> yeah -- what would you buy if anything. >> to microsoft and intel we saw changes and the stockser

performed really well. i would put cisco in a category that's performed on a long term basis. if chambers seems to have it back on in the last quarter and shedding ones that are not been doing well, we know that they have a great balance sheet, and that's one that i think that you can see a quick move higher. if this 5,000 is just a blimp and we're going for the next few months, cisco is going to take. >> yeah, more than 200 price earnings. quit a trip there. now that we have hit the milestone, what's next for the technology. joining us is the managing partner and ceo of the firm. scott, great to have you on the phone. >> great to be here. is it 5 k on the radar for you? >> no, for a lot of the reasons that you just talked about we're talk of a nasdaq that trades at

15 percent earnings and that's well below where it was. so this feels like a normal course of what we're seeing in term of technology. >> in the terms of bubble talk, i want to compare or seeing then with what we're seeing in the markets and the private markets right now in terms of where you're investing and some people will say that the bubble is transferred to the companies that are guarding the money and evaluations that are $41 billion for an uber. what do you think that the el valuations are? >> well, if you look at the market you have a lot of new play eres coming into the market. we have seen the hedge funds and the large tech buy out firms have come into the market, and that's what is fulling the market. you have to remember a lot of these guys the mutt yule fund folks are look for those to buy, and i think that it's a natural

thing that we're seeing and in order for them to buy growth, they have to come down, and that's moving the market up in that range. >> there might be a bubble brewing or the prizes are lifted because of a search for return that you can not find in the public equity market. >> yeah, what they're doing is saying that the names that you were talking about these tech names and you have something like two and a half trillion dollars that are not growing much, and if you they are, it's low single digit. for those that have to beat the snp 500, the only way to do that is come in and look for the stuff that's in the private market. we know that when you look at what is happening the companies are staying private so that's more than double what it was in the 2000 bubble. i think that's what is driving the interest in a lot of those

players. >> is there a rush at all for these private companies to venture out into the public markets? >> no, there's really not. if you look at tech and forget about bio tech and i t side we have had 49 or 50 i po. that's in line with what the 35 year median is for tech i po's. people are taking it slow. i think that there's plenty of capital and private markets and giving what is happening on the tech side of things, and nobody is in a rush to do anything. >> this is a sfan of 15 years so for from now, what do you think is the big industries or companies? >> well, it will be stuff that you and i have not thought about today? the biggest trend is software industries that have not been part of the software landscape, so if you think of what we have today health care, education and government services and

financial services and software is continuing to make the mhead ways, so i would expect to see it. >> thanks for phoning in. scott and teresa in terms of the areas, any interest? >> well, thing that is we don't know about right now. so that makes that question very difficult to answer, but the companies that seemingly have reinvented themselves and that was in trouble we will talk about microsoft and cisco seems to have figured it out as well. they left the tech and the only one left off the list is ibm>> it's some of the names that have

the evaluations and still not have hit the market. there are a different levels of where the bubbles are, and that's the highest scary level for me. some are just incredible. >> yeah, it's amazing. >> two big deals today and an xp free scale and combining go make a $40 billion company and then wifi so we ask today who is the next big tech predator and who is the next prey, so dan we pose a question to you. predator or prey? >> it was the massive aol time warner deal. that was a $200 billion deal. i don't think that this is up until we see some mega deal and to me this is a company that is executing okay. we know that they're well situating in the mobile micro

processers. i think that intel and quallcomm should link up. there's no shortage of deals, but these two should link up because they have things outside of each other. >> i can see making that argument three months ago and now that the china issue seems to be resolved, does it need to do this anymore? >> that's a long time. it -- i think that it's the wrong time. don't mean that it will not happen. now is that the time that i want to pray. i want to reestablish myself and get the china headline and get it in the rear-view mirror and then go forward. for them, it's not now. >> yeah, i agree with guy. i think that's a sign like you talk about. getting together and i think that would be one of the mistakes now.

i think that quallcomm can survive. they have a balance sheet. >> yeah, they have a beautiful balance sheet, but they're in a space and the world is being saturated with cell phone chips. we saw how that traded off and it's a resumer that they were dropping the snap dragon and o i don't think that we're out of the woods here and 5,000 sounds great and it's masking a lot of other issues, but to me you have a lot of opportunities to take out billionsover dollars of cost. >> okay. let's talk google. you like it? >> yeah, i do like it. we talk about it a lot. i think that they're so big obviously and there's nobody that can buy them. they have to be predator. in terms of prey, i think google should be their pray. >> they should buy back the stock. >> unlike apple that we saw

google is not and considered by the insiders. i do think that they should do that. if they want to move outside, dan i know that you might like this. we talk about twitter all of the time. >> do you like that as a google shareholder? >> i think that google would trade up. >> yeah, so i guess i would be happy with that. i think that they could absolutely go without twitter. they do not need twitter to survive. >> here is another example. they have a real time search problem and twitter -- >> i sold it after the earnings. i did not love a lot of what they had the say. the bold case is about a collaboration. they talked about collaborating and i think that google needs twitter more than twitter needs google. >> well, some of these names make sense and pete talks about

intel and it has to be five or six years ago. that was small compared to what is going on now. with a 350 balance market, you would assume that microsoft can do something in the space. maybe they got ahead of themselves and it was not that great operating margins and we're off. that stock traded down to about 140 million shares and to me that was a flush. i think that it's priced at 14 or 15 times and microsoft is not prey. still ahead more worries for gopro and good news for amber really la. the details on the $64 action camera that september gopro stock tanking. we have the three tech plays to own for the long term. stay tuned.

attention investors! vectorvest mobile is here and it's free! make faster, smarter, better trading decisions with vectorvest mobile. the most powerful app or managing your portfolio from the palm of your hand. only vectorvest mobile analyzes, ranks and graphs... ...over 16,000 stocks worldwide, everyday,... ...and gives you clear buy, sell, hold recommendations... ...on every stock; anytime, anywhere. vectorvest mobile comes free with your vectorvest trial. get it now! visit vectorvest.com/mobile to get started it's more than tit's security -

and flexibility. it's where great ideas and vital data are stored. with centurylink you get advanced technology solutions from a trusted it partner. including cloud and hosting services - all backed by an industry leading broadband network and people committed to helping you grow your business. you get a company that's more than just the sum of it's parts. centurylink. your link to what's next.

a company was a feature of using hidden exam vera footage

that large reports were found in the japanese flooring. >> it's a perfect short now. fundamentals are deteriorating and we have a liability from the 60 minute story and the stock is expensive. >> so you would short more of it if you could? >> if i could. i believe it would be a story that i do not have to cover. this company is going to collapse in a wave of lawsuits. >> we do have the developing story. back to dom. >> yeah, we want to give them a chance to air the side of their response as well. what they have told cnbc in a statement they say that short sellers make a living on manufacturing doubt on publicly trading companies. here are the facts.

lumber lick och lumber complies and we comply with all california standards and use the benchmarks where we sell the products. here is where it gets more powerful. the company says mr. tell son is executing a well established and profitable playbook about a company's success and use a compliance media company to execute on the strategy to drive down a company's evaluation for his own personal gain. the motives and methods are wrong, and we will fight the false attacks on all fronts. again, this is a statement. again it speak toss the back and forth. the company is trying to defend themselves against the allegations and this the latest. melissa, back to you. >> it's not as if the stock was doing well prior to the the 60 minutes report. it was on a dawn ward trend and the short interest was also pretty high going into this like 25 percent. >> yeah, listen. i think for the viewers out

there you should not be shorteding the the stock. that's the worst -- i don't know if he was giving advice. he is short at 102. it was disclosed that he has 45,000 shares. so the smart hold es on the other side of it, so the speak not doing themselves any favors. they're stepping in it when they open the mouths. this is adults here. >> yeah, there's a couple of industries where if you get a story it's a death note for them. if you think of food or a financial institution or a bank. it's the end. even on the, you know, they do not have time to see if the story is true. this is with the balance sheet that can survive for a while a long while. i agree with dan, i would not short it here. >> it's interesting to note that moe hawk was at a 53 week high. >> yeah.

>> so in not like what we saw a couple of weeks ago. >> yeah the interesting thing is that whitney said if he could short more he would. the of part is that there are options in there. >> are they expensive as well? >> yeah, today with the stock drop and those implied have gone through the roof and there are ways if he wanted to be more sure. >> would you -- you're an adult summer? >> yeah, but i don't know about the store skpri whether or not they have really had their data to be able to defend themselves. if i was going to attack, i would attack as a spread so that i could control the risk. i would not want to be naked out that there. >> if you think that there's it's going zero, you should be buying. >> if.

go profollowing and they have launched a new action camera that will sell for $64 to sell with the gopro her re. when they released the video the shares are down 11 percent. the real winner maybe the chip inside the cameras will be used in the new ye. >> 7 and a half percent. >> yeah. >> it was not crazy volume. you would see it three or four times and a big shortage and closing in on 40 percent. you get the stock to close above 63 and taking out double tops. go pro, again i was right in october and wrong since, recently i have said that you can not own the stock. if you look at it lower highs and lower lows. it continues to make the pattern, and you will see it today. you have a monitor volume day

and dplusflushes out and revers >> could they have swung so far that it's time to step in or consider? >> yeah, i would. >> you would. >> yeah, to guys point the derivatives play and right now we have watched apple come down and then the echo system stocks and then huge revenue comes from apple. that stocked another new high today. there are ways to push yourself around a little bit. just because there's composition and samsung was coming after apple. sometimes there are brands that people want to have. i think that apple is one of them. i don't know positively that gopro is. they were pushing themselves into the world. >> here is a life hack for you and by me and put the video on youtube. the whole nation that they were going to get the media is ridiculous.

still ahead as it roared above 5,000, a look back at what names lead us to the history making moment. the three tech names that they're saying that you should own for the long term. as we go to break here is a look at the stocks back in 2000 and in today. much more straight ahead.

can it make a dentist appointment when my teeth are ready? ♪ can it track my crew's performance, and protect their heads? ♪ can it tell the flight attendant to please not wake me this time? ♪ at cognizant, we see opportunities for every company. to meet the new digital demands of their customers. can it process my insurance claim? like, right now? can it download a track while i'm sampling it? can my keys find me? with the power of digital, analytics and automation,

now every little "thing" can provide even greater value. ok, so can it tell the doctor how long you have to wear this thing? the answer is yes, it can. so, the question your customers are really asking is, can your business deliver?

nasdaq closing -- viewers have helped to push eight above and don is with the headquarters and what names have brought the nasdaq to the current levels. >> a lot of companies have posted the steeler -- we want to focus on the ones that have the most sway. if you look at the last 52 weeks first of all apple and we know the story. then there's np technologies on the big deal with the free scale and also monster beverage up 89 percent and also the best performing stock since march of 2000. video game makers doubled in value and then avago up

110 percent. now, which ones carried the most weight of carrying it back up to the 5,000 mark, it's about the biggest stocks in the index and apple is apart of that. you can see intel is up about 37 percent over the past year. microsoft and a 360 billion company up 15 percent even though that intel the up more, microsoft outweighing it and it's the biggest with the 750 balance dollars and those are the three stocks, intel, microsoft and apple. intel and microsoft were two of the big ones back in the day and still are. >> yeah, back to you. a lot of people are playing the home game. >> i love the home game. >> invest with the cues and we just saw that the three players are the biggest waiting. >> huge components. now, what are you going to do? >> would you invest in the q's

at this level for the nasdaq 5,000? >> the short answer is yes. not because i am a big believer in the economy, but i am believer in momentum and the russell to me was the key. they will take us to the next level and that's what is taking place now. however you want to do it with the russell and above 122, yes all three of them are tradeable for the long time. >> yeah, one name not in party today and falling below the key $200 level and warning of troubles ahead of the resale value and the companies. it's a guarantee to people and buyers of model is's that they can sell it back at the price that they bought it. bank of america is a noted bare on the stock with a $65 price mark and making the point that

there's no masht for this model s. we do not know. we don't know if, you know, they are ham strung with the cars can they get rid of them? >> well, it seems that the demand is there, doesn't it. when you're looking at it now, this has been and continues to be a trade that's out in the future. you're talk of the technology of it and the battery world that obviously elon is fascinated with, but i look at the company and it's all about the innovation and creativity. if you're in the stock you're probably looking at it in the long hall. not three or six months down the line. >> i agree with pete. >> for once. >> i think that the company has to change the narrative a little bit. if the oil stays lower. i know that it's not about the model. i think that it's about the model three and some of the other versions are coming. we know that the competition is coming, and they have to show us

how it's going to be. how are they going to do homes because the luxury car market is going to be tough the justify. >> it's amazing that the analyst that's on the end of the spectrum when it comes to outlook can have an impact on to stock. >> technically i thought that we had a breakout coming. i thought that we were going go blowing through it. we find ourself in the range of 125. did he have an impact? yes. it's a trade and i still want to say that i play along and i am not sure how expensive they are. you're getting to the levels and i think that you have to try again one more time. a three tech plays that the charts are saying that you need to own. we may have made history today but one trader say that is he

sees gains ahead. what you have to say. that's later. say you're a finance guy. a farmer. a researcher. you used to depend on experience. the internet. your gut. today you can use ibm watson analytics. it can make sense of all kinds of data. uncover hidden correlations and new opportunities. and give recommendations with more confidence on who will buy. what to make. where to plant. which helps you make smarter decisions. there's a new way to work and it's made with ibm.

at mfs, we believe in the power of active management. every day, our teams collaborate around the world, to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. so this is a great opportunity for an upgrade. sound good? great. because you're not you, you're a whole airline... and it's not a ticket you're upgrading, it's your entire operations, from domestic to international... which means you need help from a whole team of advisors. from workforce strategies to tech solutions and a thousand other things. so you call pwc. the right people to get the extraordinary done. ♪

welcome back and inside the market on this historic day where the index crossed above 5,000 for the first time since 2000. a beautiful shot here and still ahead be the nasdaq hitting the 0,000 milestone we're looking to find the three e tech names to hold on for a long hall. then we will tell you how to play the world's second largest economy. what name should you you hold on for the next 5,000?

let's bring in chris. chris, great to see you as well. >> great to see you. >> the good news is that it may have taken 15 years, but we're not done yet. this is ebay. this is a ten year base. just back to $60 after ten years. we think it's worth 70. it was up five percent and took two years off and finally starting to turn. we think 70 is the target and about 17 percent from the current levels. the next one is broad come as well. we see how well they act. i think this is the next one to go. this is 15 years of perg tory and 60 is a target and that's about 30 percent from the current levels and then cisco and 35 is our number. not a name where the power is

over. high sir the call. >> i get the notion that the longer the base, the higher the space. ebay, can you count that as a base and then a bounce higher? >> yeah, what we have seen here is over the last ten years the 50 to 60 range be resistance and the 40 to 60 range be resistance and then again right here. this took ten years and finally beginning to go and i would say when you think of the big names in tech you do not get asked about this one. it's been over the last number of years and taken two years off. we think that it's a breakout candidate. >> obviously you're a technician and here is the other thing. these are three very cheap companies on the fundamental basis here. is that factor into some of the inp puts or do some of the charts or the high evaluations not look as attractive to you if the market is going to breakout.

>> what is interesting and nothing is going to stop at fair value. it's either too expensive or cheap. while they maybe fair, they're not aggressive. that's the big difference from march of 2,000. in terms of market participation, 70 percent of u.s. stocks are currently in an up trend. that number was 25 percent at the march 2000 peek. so a lot more of the market is working at a fair evaluation, and we think that means that we keep ongoing here. >> thanks for coming in and pete, do you like any of the three that chris like sns. >> yeah, i know that we have talked about carl and surely from a technical standpoint chris is boldish talk about 70 or a $75 handle. that would be great, but i don't know if we have that much room but based on the evaluation, the

stock has room to the upside. >> is this a game this we're playing? >> no, it's three choices. >> would you rather rather. >> it's like being in college. >> abc. which have of the three do you like? >> ebay? you? >> cisco. >> it's a value play to you? >> it's a value play on so many metrics. so attractive and it's a risk here. >> time for pops and drops. pop the live nation up five percent. >> yeah, this is a delay response to friday and they're doing a great job of maximizing out of the ticketing business and michael has done great work there and talking about growth that they have had being repeatable. >> it's up one percent and dan. >> yeah, it was up 30 percent and i looked at the company and the company reported today and it was up 5 percent and got sold at the end of the day.

it does not seem that there's a bottom in these. these had a descent number and that stock is trying to hold on here. these are trying to find a home here. i am looking for 3d. >> yeah, a drop down. >> i think that it's a company in transition and it's a company that gets a lot of pressure to do something in the ceo transition. it's not expensive and karen talks about it being a tiffanys. >> very nice move today and a lot of this out there and talking about both visa and mastercard. on the other side of that you have the deal and american express took it and then visa is getting the benefits of it. this is barkleys out there and talking about $100 million and could go towards visa. this is a big deal. >> yeah, some unusual activity. pete loves watching in, and you're watching gm. >> yeah, if anybody got a chance

to see becky talking. he stands behind it and very strong and one of the larngest shareholders and 2.5 percent of the gm shares that are out there and he talked about mary as well, and you look at that and then the big run that i had in february, maybe it's ready to breakout. someone they're going to call it the 80 cent range and very aggressive buying and somebody thinks that the stock has upside, and i am along for the ride. >> still ahead china surprising and while some are concerned about the slow down, dennis has another take. he joins us next. more fast money straight ahead. it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other

and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner, you're free to focus on growing your business. centurylink. your link to what's next. hey mom, you want to live by the lake, right?

yeah. there's here. ♪

did you just share a listing with me? look at this one. it's got a great view of the lake. it's really nice mom. ♪ your dad would've loved this place. you're not just looking for a house. you're looking for a place for your life to happen. zillow ; we have earnings and let's get to don with the headquarters. >> we're down and relatively lighter trade and the casino

operator came with the earnings or a loss and revenues that were worst than the expectations. what they say is a lot more than how it plans to restructure and turn itself around. remember that they took it and put it into the chapter 11 and that unit owns a lot of the caeser properties and there are focussing on restructuring and 80 percent of the seniors have reported the plans and they want to resolve things as quickly as possible and ceasers is down five percent and mess lisa, back over to you. >> when there was a huge move and special def dend and it held for the last couple of months. if you want the win, you have to do it. >> i think steve win out there

and if he is struggling and he is. you look at the stock and where it's trading and the lows of the 52 week low, i think that right now if they're struggling it's not time to jump in and buy the bottom. >> yeah, the people's bank and cutting the interest rate and this stirring up a slow down in the second economy as china's comes off the worst growth and joing us here is dennis editor and publisher and dennis, great to see you. >> you will let anybody on the show. >> apparently. the markets over seas did not do much in response to the rate cut. what did that tell us? >> there was a little bit of response. i don't think that this was a part on the chinese but a response to the chinese on the fact that the japanese has got as weak and losing market share and they wanted to keep the

market share. they're moving to cut rates to cut a reserve and rate cuts are one thing. that's a jab into the mule of the market. when you cut the reserves, there's a 2 by 4 and that's important. >> so they have jabbed the ribs two times and knocked with a 2 x 4 wh 4. what is the bottom line output? >> i think that it will get stronger. everybody is expecting china to slow down. they're doing the right thing. >> any outlining chance of the currency change? >> from the chinese? >> no, that would be atypical from what they attempt to do. they stir you in the proper direction and do it slowly and make slow steps. this is not the time or the place or the circumstances where you're going get something like

the swiss national bank. that's not going to happen. as soon as i say that, it will happen. >> so being optimistic, does that make you optimistic? >> yeah, one is better off being long than short of the stocks. no if ands or buts. >> it's the only way to play it. i am not smart enough with the stocks. the only thing is to buy fi. >> we have talked about the gap gaming and does that make you more optimistic of the companies that have greater leverage to the story? >> well, the circumstance is evidence of the anticorruption movement that's going on. they're making sure that the money is not going to go there anymore. >> yeah, when you hear -- >> yeah, i was going get optimistic about the ka see know

stocks. there's concerns and so you do not think necessarily that that's a read through. >> no, a corruption play and that's all that's going on there? >> isn't that what is going on everywhere else. the building and they did not need it, so they have gone in and built up billions and billions of dollars that may not be abused, so isn't that what is going on all over the place that there was a massive -- >> did they over build apartments and shanghai? >> probably. >> did they over build in the coast of china? probably will those apartments get taken up? i think so. absolutely. >> okay. dennis? >> did they over pibill? yes. >> dennis, good to see you. >> it's the southern boy trying

to dress up when he come os to the big city. >> how do you feel about china? >> you have to go back in july and here was a stock that went -- just as it was over done and one has the ask -- >> thank you karen were helping me. >> no, i agree one has to ask. >> 82 and a week and a half is it too much on the upside. my answer is probably yes. this stock should not have gone this quickly and that's here. >> okay. the nasdaq hitting the highest level today and one trader thinks that there's more gains ahead. we will break down that straight ahead. mat northrop grumman, we've always been at the forefront of advanced electronics. providing technology to get more detail... ♪ detect hidden threats... ♪

see the whole picture... ♪ process critical information, and put it in the hands of our defenders. reaching constantly evolving threats before they reach us. that's the value of performance. northrop grumman. dentist appointment when my teeth are ready? ♪ can it tell the doctor how long you have to wear this thing? ♪ can it tell the flight attendant to please not wake me this time? ♪ the answer is yes, it can. so, the question your customers are really asking is, can your business deliver?

the nasdaq maybe at a 15 year high and the rally is just heating up and dan, what did you see today? >> it was in the nasdaq 100 and

when it was 109 there was one selling out in the march 107 call and selling 10,000 of them at $2.54. that's collecting about 2 and a half million dollars in premium on that. here is what caught my eye. they rolled it up and -- when you talk about activity and this trader had a winner and they're rolling it up and out and in the options and so let's go and look at the chart. this is a beautiful breakout a couple of weeks ago and going straight up here. this little consolidation here and we had a move to 5,000 and traders think that there's obviously more to go here and it's not working. i would not just a point here and the price of options has come down as of late here. this is one way and if you think that the market is top and you

want to continue to participate and etf and option prices are lower than that of single stocks here. this is a way to get some cheap exposure and to define the risk. >> at these levels would you say that you want to replace the q's? >> yes. >> i think that you would want to do that and just about almost everything. >> verses protect? >> yeah, the one thing that i would say that we battled at the top of the show is that this quad is not going any higher than the three stocks in the upside. dan, g dan, getty up. >> yeah, it's friendly. >> yeah, for more options check out the live show on friday. coming up on mad money tonight kramer has the exclusive from a gold miner that's got the price

of medal and then the rice of npi. top of the hour. stay tuned.

♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world, to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration.

time for the final trade and let's go around the horn. >> i am there and i think that gm is doing just fine. i think that the stock is going higher. >> i am there and the choel cisco. i am feeling like if we get a pull back today i think high are highs in this one. >> karen? >> yes, i like bank of america. >> you like bank of america? >> i do. i have for quit some time. >> she is still long. >> still long. years later, and i think that it's a lot of potential bad news. >> my man chris and then the

longer the base, the higher the space. >> he is doing the same thing. ko. >> no cushion involved. >> you back here tomorrow at 5:00. meantime, "mad money" with jim cramer starts right now. my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to make you a little money. my job isn't just to entertain but to teach you. call me at 1-800-743-cnbc. or of course tweet me @jim cramer. the market is almost everything these days. in fact, this market is so welcoming it's almost