chris gersch joins us from the cme. chris, we got a very good number, the regional number, philly index beat to the upside and markets took that number and ran with it. >> it really did. the s&p saw yesterday as a hiccup as we recovered almost all of those, the traders behind me were looking for a close over the 61675 level which we would have ran a lot higher if it did close above that. it didn't. the three words yellen said, about six months, hit the futures pits really hard yesterday. being a bull market, no one wants to get off this train right now. these traders are recovered and are looking for tomorrow to be the futures are looking for strong open tomorrow. david: i think, look, she is beginning at this. her pr team maybe hasn't gotten up to speed. i think she learned a less on son this. jeff saut, go to you for a second and talk about the winter weather. janet talked a little bit about that yesterday. it has been an awful winter. i'm wondering all the demand, folks at home when they would be out shopping will go

chris gersch, ceo of navigate exchange, joins us now for what we've been talking about on the showthose stocks chris. what a plunge yesterday. let's start with plug. the stock is down some 40%. >>it was a huge fall yesterday. it was hitting all time highs above the $11 handle. once it went below $10 it sold off all the way into the close. those put buyers were in heaven yesterday. >>let's take a closer look at the story. walmart signed a deal with plug which is also in the fuel cell business and was going to use those fuel cells in its warehouse equipment. everybody rallied around fuel cell and plug. now that they're plunging would you buy either one of these stocks because plug was down 40% plus yesterday? >>i would not buy plug right now. it sold all the way off into the close. as a rule of trading you never ever want to put yourself in a position to catch a falling knife. so yesterday it sold all the way off. wait until it settles out. again, these stocks were trading at 15 cents this time last year. they just beat earnings. so wait until some news comes out, make sure you're not cat

trader chris gersch of altimus capital joins us on this friday morning. happy friday to you chris. >>happy friday angie. >>i know traders will have one eye on televisions for those ncaa games and the other eye on the stock market. how are theystill reacting to those comments we heard earlier this week from fed chair janet yellen? >>i think that the traders are a little whiplashed with all of the price action that's been happening. right now the traders don't know whether to sell off like we did on wednesday after those about 6 months and raising rates comments. once everything was digested yesterday and the inflationary pressures in labor costs that we thought would entice them to raise rates arent there. the traders are left wondering where to go this morning so that's what you're seeing in the futures right now. >>what about the philly fed numbers. that showed that manufactuting is still going strong. >>the philly fed was a fantastic shot in the arm yesterday and i believe that it will follow through to continued fundamental outperforming. we also saw the housing number come in a