mark sebastian of option pit mentoring joins us on this monday morning for a look at the market. good morning to you. > >good morning angela. > >what is the stock market telling us about the economy, mark? > >i think we saw on friday what the stock market is telling us. its expecting good numbers. that 236 number seems like a huge surprise but the s &p only rallied about 7 handles on that. and that shows you that the market was actually expecting good numbers. so, going forward we're gonna need good numers out of economic data in order to continue this rally. > >there's a line going around called gloom, boom, and doom. what do you think about that? it's basically saying we had some gloom, now we have a boom, next is doom. what do you think? > >the market is cyclical but its really easy to call the market going down all the way up when you don't have a position on. these guys have been calling it go south since 12 thousand, 13 thousand, 14 thousand in the dow. sometime in the next two years we'll get some sort of selloff and they're gonna claim brilliance. i don't buy it at all. >

let's head back down to the cme group in chicago where mark sebastian is standing by. conds left, mark. what does this telling us how we wrap up the week? >> looks like we're going to close unchanged. guy came in to sell some futures. we may give up a couple ticks on the close. i wouldn't worry too much about it. it's a friday. not a lot of good reasons to take a long position into the weekend. probably just some people that got stuck long. sandra: but, mark, this is a difference in the trend that we've seen over the past ten trading days where we finish at the highs of the day. here we are sort of selling off at the end of the day and the week. >> i agree. i will buy into some sort of selloff when it is more than one digit selloff. maybe then i will start paying attention. sandra: there you go. >> until we break 1550 i think we're straight up from here. that guy buying $4 billion worth of the s&p 500, that gives me confidence i'm trading with him. sandra: awesome. that is why we go to the trading floor. we like that color. mark sebastian. david: do you ever miss that?

adam: we have got mark sebastian in the pits of the cme other market panel. dan, january any capital markets technical research director. first let's start with mark at the cme. so, what are you making of all of this? we close in the red. all three index, at one point we were down triple digits. why did we go so far and pull back a little bit? >> all this sign -- cyprus news coming out. first there is news conferences. the markets are being held hostage by a speck of the economy. imagine the u.s. completely shutting down operations because of what is going on in detroit right now? that is basically what we're dealing with right now. you know, really kind of holding up the markets from, be impressed we're only down 12. six months ago this could have really, really caused the markets to tumble and they're not. i think it shows some resiliency here but we're all kind of on eggshells waiting to see what happens here. i think we get some resolution, with which we probably will. that's when we'll be able to see the s&ps really break out. we'll see dow rebreak new hi

time now for trader talk, and mark sebastian of options pit mentoring joins us now. mark, the market felt as though it had some momentum going yesterday. it just wanted to go higher. is that true? > > absolutely angela. this is a short-at-your-own-risk market. there has been money stuck on the sidelines. any time we get a sell-off, people are seeing that as an opportunity to step in and get some return and yield out of the s&p 500. > oil moved up to a five-week high. will that slow down the economy? > > i think it could. once you see gasoline break that $4, $4.25 level, people start to touch their pocketbook. so that is one thing to be worried about in the near-term. > once again warren buffett makes a wise move. he now will own a lot of goldman sachs stock for nothing. he took a bet during the financial crisis and has, what, 9 million shares now worth about $1 billion. is it time to own goldman sachs stock? > > you know, goldman's a great company. they are kind of the best of the best. it is a great long-term hold, it is a great long-term company. financials have don

let's head over to mark sebastian. he is in the pits of the cme. we get an idea how monday will turn out based on where friedened. what is the deal now? >> nothing moved after the bell. we sold them up a little bit. no real big changes. we're at another all-time high. the dow is having a streak like the chicago blackhawks. a lot of people get scared. they don't want to buy up here. what do you do? you maybe look to sell puts underneath so when we get the pullback you get put into getting long. you can sell the spdr, april 149 puts for about 50 cents. end up buying the stock for 148 1/2. if we sell off, if not, you keep the premiums. that might be the strategy if you're not already long which you should have been. liz: thank you, mark. what is the black hawks streak at? 1, 14. >> no. something, like 20-something now i want to say. they have, they're i will killing it right now. david: what about your kings? liz: pretty decent. not bad but not like that. david: watch out for the l.a. kings. >> yeah. david: see you later, mmrk. have a good weekend. liz

we have mark sebastian in the pits of the cme. have a head of raymond james fixed income and tyler. mark at the cme where all the action is before the end of the trading day, we had new home sales numbers. we had durable goods numbers. what were the numbers that pushed the dow into triple digits today? >> i just think money flowing in. we've now put cyprus behind us. i think that your row trade is less than what people are caring about. and really, short this market at your own risk because every time we sell off it is a big shakeout trick and we rally right back. this is a big surge day. we're right off the all-time highs. you think we break them tomorrow unless some sort of crazy number comes out overnight. i can't think of a good reason to short into a long weekend. liz: whoa, whoa. what about cyprus? mark, we've got those banks that are supposed to open thursday. a, what if we don't? or b, what if they do and there is a lot of tension? does that work its way into the psychology here and affect our markets in a negative way. >>

real drama panned out after the final pit stop defending champion sebastian vettel ignored team orders and overtook the red bull to make mark webber to win the second race of the formula one season he later apologized to the look and noise australian while how incident went on to complete the podium but only after his team mates nico rosberg was altered to stay behind. thanks and that's where. brings us to the end of part one but don't go away as we return to snow is our theme not as extreme weather but for extreme sport we meet snowmobile start daniel bode in the dead devil's suite who won the best trick award this year's x. games just four months after breaking his neck stay tuned for more. wealthy british. markets why not. happening to the global economy. good leverage or. was able to build a new most sophisticated. fortunately. about anything mission to teach me. this is why you should care only. the official. language stream quality and enjoy your favorites. if you're away from your television. set not with your mobile device you can watch on t.v. anytime anywhere. when you have nowhere to live. when you don't have a f

real drama panned out after the final pit stop defending champion sebastian vettel ignored team orders and overtook the red bull to make mark webber to win the second race of the formula one season he later apologized to the look and lloyd australian while house and senate went on to complete the podium but only after his team mates nico rosberg was ordered to stay behind. thanks and that's. brings us to the end of part one but don't go away as we return to snow is our theme not as extreme weather but for extreme sport we meet snowmobiles start daniel bode in the dead devil's swede who won the best trick award this year's x. games just four months after breaking his neck stay tuned for more. admission free accreditation free. for charges free. range means free. free studio time free. old free broadcast quality video for your. free media. tom. secret laboratory was able to build most sophisticated robots fortunately dorna found anything mission to teach me the creation and why it should care about humans. this is why you should care only. download the official. to yourself choose your language stream quality and enjoy your f

real drama panned out after the final pit stop defending champion sebastian vettel ignored team orders and overtook the red bull to make mark webber to read the sec. graves of the formula one season he later apologized to the much and lloyd australian while house and senate went on to complete the podium but only off to his team mates nico rosberg was ordered to stay behind. and that's where few brings us to be end of part one but don't go away as we return to snow is our theme not as extreme weather but for extreme sport we meet snowmobile start daniel bode in the daredevil swede who won the best trick award this year's x. games just four months after breaking his neck stay tuned for more. technology innovation all the developments around russia we've got the future covered. speak your language. programs and documentaries in arabic it's all here on. reporting from the world's hot spots the v.o.i.p. interviews intriguing stories for you. then try. to find out more visit. when you have nowhere to live. when you don't have a family. when you have no one to ask for help you can always count on. this man is respected by crimina