when you start to see the credit market, look at hyg, when you see that come in and the vix is at a lownt, that's when you buy the vix calls. >> i think you'll start to see that institutional money that will come in to buy the s&p puts. the vix is stied to s&p puts. so when you start to see that you get the resting heartbeat. the vix stops going down and sits in the resting heartbeat, flattens out and you see higher lows in the vix. that's whenlg the hedgers expect a sell-off in the market. look for the vix at 11, that's a sign of complacency. until then, the makt will be in a trending area and maybe to the upside. >>> cohen carter bearish on twitter. they'll tell you what they see for the stock right after this. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to

hyg comes out. you said it before. that's the tell. i'm watching that. >> that does it for us.e "fast money" monday at 5:00 eastern time. "options action" begins right after this break. stay tuned. ♪ ♪ no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great. >>> we are live from the nasdaq marketsite. and carter did anything happen this week? anything we missed? while carter and brian are getting ready, here's what's coming up tonight. >> you won't believe the dream i just had. >> after a volatile week you won't believe which sector traders are suddenly buying. we'll break it down. plus, did you see that? stocks just flashed a major buy sign. we'll tell you what it is. and don't call these guys small fries b

hyg was down. that tells me the credit markets, which were the impetus for the equity selloff, so many companies have been relying on bonds, they were getting weaker. the stockshat helped selloff worse. now we are seeing stability there, that could translate to stocks. some of the things we had in place a week ago will be comfortable. pimm: tell me about program trading. there is also a circuit breaker or market curve on program trading. we haven't seen that in action. i just read a story about stocks being halted temporarily. i don't know what's going on. that's another reason to take this big downs with a grain of salt and maybe use it to lighten up a little bit or at least wait to buy. olivia: thank you, peter tchir. before we go to break, i want to take a look at the biggest winners and losers and movers in today's session. julie: i want to mention something where watching. ameritrade tweeted that it is observing streetlight latency issues. volume, such a flood of that it is having latency issu

look at the hyg, it frads poorly. we're trading at the lows.say we're in a full-scale credit blowup, absolutely not. but again, liquidity is there today and it's gone tomorrow. that's usually how it works. >> for more on how much pain would be coming for oil let's bring in dennis gartman the editor and publisherer of the gartman letter. dennis, great to have you with us. you think we're in a bear market for oil. how far along in this bear market are we? >> we're probably 90% in distance along the way. but as in all markets, whether it's a bull market or a bear market, the last 10% of the time frame can often be 25% or 30% of the price movement. the problem that the crude oil market faces is you just had a picture of the term structure of the wti crude out and past 19 you had $60 crude oil. that's an expensive price for crude oil. and with that term structure as contangoed as it is producers can still borrow money if there is any money to be borrowed down in south texas and there's going to be many, many more bankruptcies. but with the term stru

let's look at the etf hyg, a four-year chart, bumping along levels we haven't seen in a while. all of this is correlating to the last dynamics. the last chart, if the dollar index was more to the upside i would say that the down yield up price in the long end may be regulated and it's all trading with the dollar index which underscores that the flattening curve might be a growth issue on the long end. simon, back to you. >> thanks very much, rick. biggest stock of them all, apple, in correction territory. the stock down more than 10% from its recent high and below its 200-day moving average and the s&p sitting at its 50-day moving average and brent oil fighting to stay above its key $50 level. how to trade the technical damage next on cnbc. >>> plus, the 401(k) changed the american retirement landscape. why the college 529 savings plan may be about to be the next hot employee benefit. no student's ever photographed mean ms. colegrove. but your dell 2-in-1 laptop gives you the spunk for an unsanctioned selfie. that's that new gear feeling. get this high performance laptop bundle