and b.k. noted that the hem funds are the most net short of nat gas since 2006. >> this is interesting. because you have a massive, massive short position in natural gas. the reason it went up 30% in the last week, is because over the last four weeks you saw the supply of natural gas come down a bit. so i'm not saying we're into a new area, a new regime for natural gas. but the fuel is there for a big rally. so the way that you play it, the ung, terrible to trade. it doesn't do well. so you have to go to the natural gas focused stocks. for me, the one i like the most, is cabot oil and gas, cog. any short squeeze in natural gas. could you look at the other players, but cog is the one for me. >> nat gas? >> agree with that. >> even with a 32% rally in the last ten days. >> you could see a short squeeze into the-year-old. i would buy the stock. >> some traders sense a turn around, and dan is at the smart board with the action. >> and in cypress semi, this is a space there was $100 billion of anno

lest you think b.k. is bearish, there is light at the end of the tunnel. >> the pain of oil will come in the first couple months of the year. you'll see it get to levels b.k. saw. to get to tom's target, it's got to rally north of $15. >> we forgot about the fed. the fed uncertainty injects market uncertainty. they are in very different places with fed funds. >>> up next, a wild ride for oil this year with crude prices falling 30%. >>> the next big breakthroughs in biotech, the catalyst that could send several stocks flying next year. names to bring you big profits. >>> we are just a little less than seven hours away from 2016 on the east coast. live on the ground out in times square for the latest and all the security measures as we gear up for that big ball drop. much more "fast money" up next. it's hard to find time to keep up on my shows. that's why i switched from u-verse to xfinity. now i can download my dvr recordings and take them anywhere. ready or not, here i come! (whispers) now hide-and-seek

. >> b.k. talks about this, the flight of the yield curve. and does that matter for the banks. and the market today does tell you that. and i do think the yield curve continues to flatten and manifested itself in the ten year going down to 1.75%. >> what do you do? people at home want to know, what do you do here? >> you have to be cog niz apt of key levels and stocks. and disney and apple are two stocks very important. disney down at 106, down to 103. that is the bounce point. so if you are looking for places where you should be taking chips off the table, i think you have to have levels in mind. and i think this is exactly where you are year end. it could get kind of choppy. having said that, i agree with what i think dan was saying is how bad is it going to be? i don't think the bottom will fall out next week and it would be dangerous to reposition your portfolio at this juncture. nothing has changed other than the fed and credit conditions continue to tick down. that is what you have to watch. and that is what is getting worse. >> so there are places that -- to trim exposur

two weeks ago that seems like a pipe dream, other than b.k. talking about it going lower. >> i still think crude oil gos into $25. >> $25? what side of the trade are you on on that? >> if it goes to $25, we are going to finally see what we've been waiting to see potentially, which is the high-yield market and the energy companies strapped with debts, we're going to see that if we get to that number. no doubt. >>> up next, mcdonald's top the $120 share level for the first time ever in today's session. is there more room to run for the golden arches in the new year or will investors toss the big macinout with the trash. >>> and will tesla deliver the goods for investors and is the street far too negative on the stock. >>> and later, netflix, activision, are things about to sour for the beloved tech players. we'll take you behind the charts. much more "fast money" still ahead. >>> welcome back to "fast money." check out this chart of mcdonald's. that stock hitting an you will time high as it closed above $120 for the first time. will it keep goin

. >> what b.k. is talking about is positioning. positionings into consent yus trade. when you have a dramatic consensus the dollar would go higher, that's why you have a day like today. it had a risk day because we saw global equities come off. people are less comfortable with the notion you don't have to like the fed put or ecb put, maybe that's out the window. i think the dollar sets up pretty good. this is from a trading standpoint, a quick unwind. i'm looking out a few months. >> your long the dollar. >> yes. >> basically the same trade. >> same thing. this is positioning, has nothing to do economically. if it is the end of easing money, that's going to be less dollars out there. less supply. i did that. i added a little bit to my dollar loss. i bought tlt. bond market was down big today in sympathy what happened to europe. >> how did you feel about the unwind today? did i do anything? >> i didn't really do anything today. what draghi said was disappointing. i don't think that's it, he's written in stone what they are going to do for the foreseeable future until 2

. >> if crude were to print the levels that b.k. thinks between 25 and 30, you could see oxon trade off from 8 to 10%. >> i absolutely don't think it is getting to 25 or 30. but if it does -- i can't argue with the pain that will cause. because when i talk about an eog or a pxd, these are companies that break even at $50. and the list of the items on this set, they have said conservatively. we are talking $52 conservative analysts. >> let's bring in fidel gheit. we are been having a number of conversations. so i'll pose a question to you. are integrated too risk given the uncertain in 2016. >> well, it is basically quality and most investors obviously could not go to the slower companies because they are down about 43%. some of them are down by as much as 78%. so it is the lesser of two evils. if you want to be in the energy sector, you don't want to be in a small cap company with high debt and higher operating costs. you would wand to be with an exxon or chevron or any of the other companies, at least you collect the dividend while

. >> mattis is thankful that b.k. phillips decided to intervene. he's also thankful the cameraman thought better and decided not to intervene. >> he kept shooting the whole time so that when the police came it couldn't be mr. mattis attacked me, no, the cameraman said why don't you look at the tape. they looked at the tape and that was it, he was gone. so, the cameraman saved the situation, saved me. >>> coming up, rescuers battle to save a man at the edge of niagara falls. >> if you go over in that particular spot, you're not going to survive. >> we thought for sure we would see this guy go right over the brink. >> and this man -- >> i would rather -- >> -- wants a new lawyer. when "caught on camera" returns. and the families who've supported them, we offer our best service in return. ♪ usaa. we know what it means to serve. get an insurance quote and see why 92% of our members plan to stay for life. ♪ hey! so i'm looking at my bill and my fico credit score's on here. yeah! we give you your fico credit score. for free! awesomesauce! the only person