it's not. >> what about when cnbc anchors drink a the perenya. >> it's capturing the seasonal strength of the stocks. >> mike always huss the actual answer to bring it back. thank you for joining us morgan. "fast money" begins now. >> "fast money" starts right now. live fl from the nasdaq market site over look times square. i'm melissa lee. our traders on the desk. tonight on fast, electric shock, g.e. falling 6% today as jp morgan says it's heading to $6 if you think the pain is over we tell you how to trade with limited risk plus semis slams and something happening next woke that could determine the fate of the group. we tell what you it is we start with what was shaping up to be the notify you are looking for blue skies and birds singing red october over it looked like the bull market was back we even got to the mid-terms

unscathed. but the markets snapped back to reality. and the selling back we started to see some creeping in yesterday today the dow dropped 200 points the nasdaq down 2% worries about trade and fed continue to hit the market are we setting up for a year end selloff no more pain ahead. >> it not easy being green especially when are the fed is hard atwork. but i'll be oscar the grouch the bottom line we have the fed doing what nepd two weeks ago. letting the fed settle in alongside of really market p. o. boxing with, moving the % in seven days we had huge boundback rallies. two days we were talking about year end seasonal and here is how you perform after a big election you don't have either. we have a little bit of uncertainty out of the way there is no question the fed acts in a way that looks like they are spreader to on the stock market but maybe not overly aggressive. ppi out this morning remiepding

people there are influences in the market that look hotter than yesterday. >> but the problem is there is a conundrum at the heart of the market is that the fed is worried about raising rates and potentially inflation. the stock market's concerned about that but the bond market tells you there is no inflation coming if you look at what the inflation part of bonds it's going down so until that's resolved, i still think. >> do you think the today was about inflation? or was it about oil? g.e. >> ppi came out. >> we really start to look at the declining global growth forecasts where people are starting to say this could take a real bite out of -- yes, i think it's about the fed trade. but i think had you real microreasons to bach about it. >> that's the point my stock market tells you but the bond market says something different. >> the seer is five basis points off the high >> i'm saying the bond market is

telling you there is growth and the stock market is telling you there isn't. until that's resolved you have -- you have uncertainty that's what i'm saying. >> i have the sneaking suspicion. >> eds say that again. >> that's a sneaky word. >> it's friday. >> come on, bro. >> that the entire global economy is resting on the u.s. consumer that's the expect aches looking at global stock market markets our market the only one grown in the world. you low back at data points you took out earning reports by multinational. what did wynn say about macau. what did disney say last night they sated the chinese theme parks were weak. and theme trips. the chinese expaidy. it's not just isolated to china. because the chinese consumer is bigger than ours and we expect them to travel here, to europe to buy our goods. when you back drop that with the trade situation i think it really sets up very poorly in the year end. >> there is a knock on effect to

emerging markets a kwold in china spreads throughout the emerge being market complex we have seen it compounded. >> i'm not letting china be my road map for the rest of the world right now. i dwroe, get china right get american market right. >> is china affecting the u.s. >> i don't think so. i think china is stimulate fudge anything -- i said this two days ago i'm not happy about the trade. but emerge being markets may make a move here in a world where we have dead lock in washington and slower fiscal and opportunity for the fed to stand back i got long the em sometime during the day wednesday i think technically we are halfway back down. ran into the resistance like it does but i just don't think -- we. >> we priced in a ton. tud the u.s. and the rest of the world. either the rest of the world was catching us or we catch them it feels like we led on the back of us. but it doesn't feel like em performs now. >> i do think you have to worry about china. yesterday the banks got absolutely destroyed they're going out saying, listen

you have to lend, a measure they didn't do during 2008. i think you have to be concerned about china. not only that with eem you have to worry about the strong dollar we saw a strong dollar it's the new vix. that's a concern going into year end because not oem that seasonally the dollar gets stronger in the year end with this environment it's not great. >> with the fed hiking don't you think the dollar works against the em traders as a shorter term trade. >> i don't think we need to spend the whole show on em as a tactical trade for me i think em is oversold it's providesed in a lot. i don't think the dollar breaks higher when are in a whis kerr of 18 month mys on the dollar. emerging markets priced in enormous pain. china will stimulate china was caught off guard by the trade deal they were contracting for two years in the credit markets. and i think there is enormous pain priced into the trade. >> if his trade works it's working on the back of something getting done at the end of the month with trump and xi. if that happens. >> yes.

>> he will get lucky. >> you're going to see em move. >> it's a binary event are we look at a binary with g20. >> here is my point. i haven't been saying buy em all the way down this was a decision i felt based upon the result of the elections we are seeing china fiscal come through. therefore i think this is a trade. it's easy to mark the bottom look at the bottom of the range on this it's simple to follow the channel where it fails every time. >> china has been easing the whole way down look what they have done with the current. >> they cut triple r i would argue. >> you you are the one saying he we shouldn't talk about em for the rest the hoe i want to bring it back to u.s we get to the g20. then you have you have the budget showdown. the president said he is not afraid to shut the government down then we have the december 19th fed meeting. i see little reason why yields don't continue higher, the dollar doesn't break out of the range it's been the last couple months when you think back when was the

thing causing the volatility in october? we started seeing european banks, right and we saw em we saw this credit situation when our yield started going higher with the dollar. that whole mess sets up for a year end trade in december. >> let me ask you thp. >> go for it. >> do you feel more bearish on the u.s. market today versus the dwing of the week? >> probably about the same but i wasn't pullish -- i didn't think. >> the china or the ppi number today. >> my view the last couple days, the rally we have a was a relief rally. people smort covered maybe wrong footed on what's going on with the election or over exub rant about what happened with the election but none of the fundamental issues have gone away. i go back to i think this market you have to be a tactical trader in it. i don't necessarily thinkthe world is falling apart but when you have big runs dow up 50 oh take profits in this environment. it's not as easy as it has been the last several years. >> this is about whether the value versus growth goes away we

get back to growth and it doesn't feel like anyone wants to buy growth at this point. >> not after today. >> multipling have a problem but you could have said it was yesterday or back on one day on one day off now it seems like it's off. >> it feels like whenever it's off growth take the drubbing it's a draw down in growth more sharply than other areas it's not uncommon to see the nasdaq decline precipitously. >> you take profits where you can. and the other ones were laggards and don't have profits to take they've been beaten pup housing, autos, beaten up so many laggards in the marketplace where fang really worked. >> i just simply if you look at the triple qs closed back below the 200 day. they took technically vulnerable looking at industrial names you could make a argument there is a reverse head and shoulders on charts we may have pauld back ready to regroup. remember the ferocious rally i think i'm driving down the middle of the same road a week

ago. i'm not saying no one else isn't doing the same thing but this week was different because the fed was exactly what you thought they were going to be in to be. they are going in december throe to four times next year also but the thing different was possibly the fiscal story in washington changed if anything it takes some of the upper back uncertainty out of the somehow. >> we got a in maga problem. the microsoft, google apple, amazen >> where is your hat. >> don't worry about it pal. apple and amazon sold off for fundamental reasons for the first time in a long time. they had a disproportion knit amount of the broad market gained why are they nailed on a day like today it's a source of funds. what do you sell in fwchlt m are you selling the. >> absolutely they just reported great numbers. the trading at 6 times. >> he is making a point you take your profits where you have. >> we got earnings from a lot. >> but trading this up and down what do you do. >> the difference this time you

had a fundamental reason to sell the stocks you have not had a fundamental reason to sell those stocks for years. now do >> i sold 25 of gm you have to be tactic zblool that's what i'm saying 2009 is not likely the maga. >> isn't it amazing when we heard from the fed back in october to the beginning of the starting the thing this again in the minutes october 17th heard from the fed yesterday they've been the catalyst for every soleoff we have seen since october. >> i grow. >> surprise. yup. semis are getting slammed and could be getting worse for the group. see why next retails ripping higher ahead of the holidays several big names. and the chart master sees a screaming buy. and you might see it too the china stocks getting crushed. but there is something happening this weekend that could turn it around live from times sqre iuan new york city. much more "fast money" right after this

. doctors and surgeons and all the life savers. the world is alive as you can see, this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best. get up to a $1,000 credit on select models now during the season of audi sales event.

[ready forngs ] christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he. welcome back to "fast money. it was a wild ride op wall street let's check out big mover. trip dwirds up 20% and petroleum gaining 0%

general mills up 7%. and square fell 6% this woke we thought it's a perfect time to play a little trade it or fade it. >> good game on friday. >> our favorite game it not guy is not here we don't have to explain the rules. grasso trip adviser the first one. >> fade it too big of a move look for the stock high valuation. it is it a twilio etsy those are the names take you out. i don't know if trip has the guts to do or the inrds the core strength to do it. >> guts. >> there is a lot going on. >> i thought the consumer was strong though sflo they are accelerating deals on restaurants abhoe pel and even the core was okay. the spike higher was too much. >> i'm morp with steven on this. i think in in market that spike higher you have to fade it particularly you worry about -- are you worried about earnings, valuation but a move like this

in this market you fade. >> i think these guys are pretty strong no one asked but i would g go with with bockings. >> whole other game. >> would you rather i'd rathered trade bookings but i'll trade trip adviser. >> i don't like that self-gaming. you did it too. >> price line. >> it's bookings, the old price line all right, people cop come on. you know, listen i actually think the most the story was the internet services saw what happened to yelp iac. there were some stocks that got a drubbing in looked like a short squeeze i had trailed it no. >> and dark o pettia trade it or fade. >> ride it higher bounceback this weier week a well in the emp space in the u.s which is cash flo positive this is an opportunity to pick it up cheap. >> you're not worried about the slide in oil we have seen in grasso. >> i would worry about the slide. the slide is overdone you could see a pop in the price of oil.

but i do think ultimately we're upon a downtrend there are so many issues that are moving the price of oil. but in stock in particular, popped 13% off as tim said off the low but it's already given back half the move. >> i think you fade this i think crude is one of the worst charts in the entire -- it literally technically is got back to the uptrend that had been in place. it broke through in a meaningful way. when you look at a stock like this it round trips the entire move back to 46 before it bottoms. >> general meals, trade it or fade it beakers. >> fade it go back to the fact that this is a tactical market. you have a run in general mills up to the 200 day moving arm a as good a place as any to take profit whether you like lucky charms or not you fade this thing. >> love lucky charms by the way. >> do you really i don't like the. >> the krerl part. >> no, the what do they call the cereal but the marsh mallows

>> tim loves those. >> look, i agree with brian. i would be fading all of this space. part of the reason not only was it a yield play but there was consolidation. you were seeing m and a. they got expensive when rates were at 1.5 on the 10-year and don't deserve to trade where they are now with rates at 39.75. >> squur square, trade it or fade it dan. >> fade it i told the producer trade it earlier. but this goes back to the great story was big gains had a reasonable result when any guided but investors did not like it. down 10% day the after down again today i think you see it back in the mid-60s. >> this is a services business obviously it the has no right to be in your portfolio if we're going to see that value versus growth so definite headwinds but this is a chance to get a name that's a quality name building the business that should be -- i would trade it that should be basically bought at a discount.

you're getting a burgerenis about ament on square a hunl company. >> can i start a new game. >> do it. >> dan. >> what stock would you actually trade? give me any stock you'd trade right now because this seems leak dan fade it fade it. >> i want to be clear we didn't get to the a block every selloff of 10% we have had since 2015 there has been a double bottom. there's been a re-test of that prior low. i think we are going back what was the low. >> 2532. >> 2532 i think we are -- i think we are going to have better opportunities to buy all. >> i like that call. >> value things. >> i'm not saying we get to 2532 but we get back to 2,600. the year is out. then we are in a range a wide range between 2930 and 2530. >> we could see the low 2532 and see the bounce still. >> can we find a stock dan will trade it would be like mikey in the life cereal. >> he is not doing it. >> no maga. >> there is a bunch of stocks. >> shares of chinese internet giant alibaba under pressure

this year. but could the super bowl of shopping send shares soaring we have the details next you're watching "fast money" on cnbc, first in business worldwide. here is what else is coming up tonight. >> you know wal-mart cares the proof is in the prices >> and the chart master says the proof in the price for in stock. he will show you the one chart that has him pressing the boy button plus g.e. shareholders shocked today as the industrial giant gets slammed but if you think the worst is over dan nathan has a y wato buy the stock without the risk much more "fast money" still ahead.

welcome back to "fast money. it is the biggest shopping event in the world alibaba single's day on november 11th the super bowl of shopping set to smash records again this weekend. dedra bosa in vancouver to show us what to expect. >> you could even call it the super bowl of shopping on steroids here is what alibaba president had to say about the scale on

cnbc earlier today. >> the in year we expect will be well over a billion packages our goal, particularly with the investments and enhancements we made in smart logistics both the domestically and internationally for skurm we expect people should receive the packages in three to four days many people receive the packages the same day. >> now a billion packages expected and that's just ten years after alibaba created this holiday to separate single dom. in 2009 gross merchandise volume or gmv was $8 million. last year $25 billion. and this year evan says will be the biggest yet. but guys there could be headwinds for alibaba, the slowing china economy. and rising competition from smaller ecommerce place like jd.com appear pink dudua

who performed alliance was 10 cent and these factors also dampen sentiment among investors ahead of the woke. according to the data don't hold your breath for a pop after the week no matter how big the headline gmv numbers are. the shares traded nfrgtly on all singles day or the first trading days after single day since becoming a public company. a month lower alibaba trades lower 75% of the time underperforming the s&p. >> thank you not good odds in terms of the stock. but a lot of people will look at the numbers come monday and trying to extrapolate this if for the chinese economy which could affect sentiment in the broader markets. >> these guys just reported and weak nips in the number. they had downgrade in terms of estimates. and margins spending a lot on business never has it been assaulted the way it has in the single's day where it's low i'm not telling you the stock is rally hard but jumping out of the window on

in is not what i'm doing. >> look at the damage that's been done technically and on this whole move. >> it's the first time it went in a single i's day with a trade war. >> exactly this is the proxy for china trade war. this is something we have had opposite year. everything you expected is not happening. so i think maybe you get a chance for this to pop out of single's day the first time. >> what i was saying to tim, though people read into this and the numbers come in less than expected they can say this is proof the chinese economy is slowing. the chinese consumer is running out of power. >> they may. there is plenty of other proof of issues with the chinese economy. a lot of that is likely priced in interesting how it traded today in a downtape i thought it traded fairly well going into this maybe the sentiment is washed out. >> let's shift gears because monday is an important day it's officially veterans day and it's a significant holiday not only to us but also to the next guest who raises money to help disabled army rangers and the families of those killed in the line of duty

judge jim regan's son jimmy was an army ranger killed serving in afghanistan. and jim runs the lead the way charity holding a special event this sunday that our own b.k. and dan nathan have been running in the past couple of years. jimmy it's great to have you here what does veterans day -- what does the event mean to you and your family. >> an awful lot to lead the way fund first of all we honor about 78 guys that lost lives including my son jimmy and we have a phenomenal day on sunday at 9:00 at pier 45. we have about six or seven hundred people are going to run. we have the lighthouse where we have a brunch. a memorial day event there we honor the gold star families. we brought in two rangers that were killed in action, their families spent the weekend here. and we're going to present them with por traits. but lead the way fund is doing tremendous stuff i would -- i would like to have -- see your viewers get on lead the way fund.org see what

you are we are doing program cap collegiate access program. we have more guys going for the ivy league programs. it's phenomenal. and columbia has been a big big partner with us in that. >> you help so many people, jim. and we applaud that. and you guy haves gotten involved. >> yeah, so dan and i have run the lead the way fund jimmy has run the last couple of years i've run for them for the half marathon in new york as well as the marathon in new york fantastic organization go down and see what they're doing. it's amazing what they're doing for the soldiers they're out there risking lives for freedom and they take care of them. go to lead the way dorg. >> jim, thank you very much great to see you every year we look forward to it zblung that. >> time for the time trade let's go around the sysco systems this is not a big multiple get in there. >> grasso. >> pfizer thank good for veterans. >> tesla fade it which means sell. >> yeah my favorite guest all year and g.e. stick around call spread. >> that's does it for us "fast money.

back on monday 5:00 eastern. don't move "options action" starts after the break and thank you, all the veterans out ther hey, what are you guys doing here? we've been helping you prepare and invest for retirement since day one. why would we leave now? because i'm retired now. so? we're voya. we stay with you to and through retirement... with solutions to help provide income throughout. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that, uh, tie. or the suit. or the shirt. voya. helping you to and through retirement.

♪ here i am, stuck in themyle with you ♪ ♪ yes i'm stuck in the middle with you ♪ ♪ and i'm wondering what it is should do ♪ ♪ is ht'soard to keep this mil from my face ♪ ♪ all over the place. ♪ - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life.

hey there live at the nasdaq market site in times square on friday afternoon the guys getting ready for the big show in the meantime here is what's coming up. >> announcer: g.e. shares getting slaughtered. but if you think the bloodbath could be nearing an end, dan nathan has a way to play for a bounce plus, attention wal-mart shoppers the chart of dow stock has been breaking out appear carter worth says more gains in store when the retailer reports next woke. he will break it down. an