i like apa here. >> dan nathan. >> yeah.ader i want to catch a reversal, and today's intraday reversal on maybe some news, maybe not, who knows why -- you know, to me the setup into friday was kind of interesting. i brought some spy weekly puts trying to catch a move back to guy's level, 1600. does that make sense, guy? >> it makes a lot of sense. dan has made cogent and just excellent points all night. only 17 minutes in. >> wow. >> he should stop now. >> beakers. >> guy talked about natural gas. dan talked about reversal days. you saw one today. natural gas. i bought natural gas. you can do it through ung. over last couple weeks we've seen a 12% decrease in natural gas due to weather, due to storage reports, storage being higher than expected. today's storage was higher than expected, but the market reversed. i love those days. i think it's a great place to be in natural gas here. >> let's move on here. he was the largest holder of the ishares gold trust etf and then he sold his position entirely, the decision coming in fe

dan nathan. >> the results certainly say they are. and not only that, it was not only here in the u.s., but it was also in asia and that was a cause for concern right over there. but when you think about what the nikkei's done, up 50%, up 100% in the last year or whatever, i mean, piem are buying more blue boxes. great performance here. the stock gapped up, closed up 4%, but it closed 2 1/2% off of those early highs. i think it's kind of full valuationwise. trading 20 times. only supposed to grow earnings 10% a year. so i think this one you probably see consolidate up near these multi-year highs. >> are you worried about japan and the impact of the consumer? >> this could be a very volatile situation. josh wanted to talk about consumer confidence here in the u.s. well, consumers should be confident. the stock market's up a lot. just like it is in the nikkei. >> higher energy costs and so on. >> i had i it's a backward look. >> coming up next, the world at war over oil. the commodities king tells us this tough talk will lead to a trade

dan nathan. >> well, in a lot of ways it was an overhang. people were talking about a 10% haircut if jamie lived up to his threat, if he wasn't -- didn't have both roles. so overhang's gone. technically it looks good. everyone seems to love the thing again. so you know, i think it's all clear. >> quairn? >> agree. i'm long. i've been -- i agree that 10% down side was probably factored in. so i'm happy this is removed. >> yeah, i'd say the stock was -- i mean, the overhang was gone two weeks ago, though. this thing has been 7% up even before today's 1.4 move. i think the big deal is the change on the board. there's going to be some changes on the risk management team. lee raymond's going to take a bigger role. that's the former ceo of exxon. this is good news. it's about window dressing up there. i hate to say it. but this is a company that had record profits even after the bull -- the whale, excuse me. after the whale. and i think more of that comes to these guys going forward. >> there are a lot of people who think the whale was bull, timmy

dan nathan, what do you make of this? >> more seems like a rotation into ladders than cyclicals. if you think about it. because a lot of these companies, they're moving out of the colgates and some of these staples in health care and utilities into microsoft intel. these things are only expected to grow a few percent a year earnings and sales for the next few years, except that they have that yield. so now they're kind of moving into it. so i'm not sure if it's that bullish of a sign that they're moving into cyclicals. >> the move from november also needs to be noted, it was right after the election, so the utilities got crushed because people were looking at the contraption. these are really the first plays that people were going with and they were the legacy of the first part of this rally where people had to grab yield. we know yield compression -- it's been highlighted this week with some of the corporate bond issues. but people are grabbing for a different kind of yield. the tech guys have proven that they're paying investors. i think ultimately you're not seeing validation

grasso, dan nathan, brian kelly, and mike kuo. let's get straight to the big story "fast" is following for you tonight. bubble watch as markets come off record closing highs. are we looking at a looming breakdown in the areas that were considered safe but possibly bubblicious? take popular dividend plays like utilities now in correction territory officially today. real estate investment trusts, or reits under pressure over the past couple trading sessions. you can see there the iyr, the etf that tracks reits down by 2% today as well as high-quleelding telecom stocks like verizon, sprint, at&t, and then take a look at this. we got this today. "usa today." >> oh, no. >> bull run gets solid footing. are these former market leaders bublsz in the popping? yes or no? brian kelly, what do you say? >> you know, bubble is probably a little too extreme here. but certainly being a bear i think we're at probably the highs most likely for the year. i'm not quite willing to go that far. but what that cover on the "usa" does remind me of, in auf

. >> dan nathan says nope, more room to run.t a trade that could put your portfolio into overdrive. he will break it down. >>> plus, missed the rally? >> no! >> relax, because mike khouw and carter are eyeing one dow component that could be profits in your portfolio. how you can make money. >>> and why is this hollywood

. >> dan nathan says nope, more room to run. and he's got a trade that could put your portfolio into overdrive. he will break it down. >>> plus, missed the rally? >> no! >> relax, because mike khouw and carter are eyeing one dow component that could be profits in your portfolio. how you can make money. >>> and why is this hollywood starlet smiling? >> i just had a great short sell the other day. >> because she's about to make a ton of money making her first options trade. it's a blockbuster in the making and we'll tell you why. the action begins right now.ç indeed it does. live from the nasdaq market site in new york's times square, i'm man dill drdy drury. these are the traders at the desk, los angeles and chicago. forget about apple, facebook and google's march higher, because there is a news stock captivating the mind of retail investors, and it is tesla. well, the shares of this luxury automaker are up 20% this week and 100% in the month. but with 40% of the stock sold short, that have engineered a brilliant car or maybe ju

dan nathan's got the answer in a trade that puts time on your side. and, dollar in your pocket.ns has got a way to make dollar general a bargain buy ahead of earnings. the action begins right now. live from the nasdaq market site in new york city's times

dan nathan's got the answer in a trade that puts time on your side. and, dollar in your pocket. scott nations has got a way to make dollar general a bargain buy ahead of earnings. the action begins right now. live from the nasdaq market site in new york city's times square. stocks closing out may with yet another monthly gain, with the dow and s&p 500 having their best month in a decade. we are drilling down on the losers tonight. names like joy global, f-5 networks and freeport lacked the market. but could it be time to make money? mike, you flaked these names as ones that could be due for a turn around. why? >> i think it's really interesting. everybody is looking at the fact that the market was really weak this afternoon. can you imagine, a little bit of volatility on a friday summer afternoon? after the markets had such a big run. i don't think we should be that surprised by that. one of the things i've been paying attention to, we talked about it a lot, the fact there are a lot of names that have really had what looked like extended runs, staple stocks, the valuation but ge

>> dan nathan. >> avoiding facebook here. >> beakers. >> chesapeake. chk. and happy mother's day, mom. >> aw. karen. >> i like tkr after relation ap won the proxy non-binding proposal. >> guy. >> take some profits in pcp, folks. >>♪ >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. if you want to make friends, i'm just trying to save you a little money. my job is not just to entertain you, to train you. call me, 1-800-743-cnbc. on a day when the dow and s&p, once again, hit all-time highs before the market reversed, we caught our first real glimpse of froth in this month's long rally. not only we fell 23 points, s&p declined 7%. nasdaq edged down 1.2%. you know what, it's gotten me more than a tad concerned. we don't want too many more days when the speculative fervor grabs ahold of us as it did from the get-go. you see froth. froth. that's what we h

>> dan nathan. >> iwm here. >> that's the best picture ever. >> so good. >> i'm melissa lee. see you back here tomorrow at 5:00 for more "fast money." "mad money" starts right now. . >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market in summer and i promise to help you find it. ""mad money"" starts now! hey, i'm cramer, welcome to ""mad money."" welcome to cramerica. my job is not just to entertain you, call me, 1-800-743-cnbc. it's always darkest before the dawn, a fact of life. and if you want to know why this stockmarket has been able to pull out some pretty fabulous gains, including today, where the dow awarded 131 points, the s&p climbed 4.9% and the nasdaq rocketed .126%. the reason is simple. it is donning in europe. i typically don't like to talk about europe, typically at the top of the show, candidly, i prefer talking about america. [ music playing ] i like talking about great companies, great business people. i let other dos that, because my nature is to be an optimist. i'm critical. ooim

. >> dan nathan? >> i don't think it's voodoo technicals. buy things at all-time highs. >> you're an options guy. >> the stock's up since mid april, i agree with josh, you're going to get a better shot to buy it in my belief, but you both are agreeing on the fundamenta fundamentals. >> why wouldn't you give it a chance? >> i'm not sure it'll get there. >> i'm not sure either. but the set-up, what i'm telling you. a better probability. >> do you realize -- >> scott, if one of these guys has a heart attack, i'm not giving them mouth to mouth. >> do you realize how impaired european bank balance sheets are? >> do you know why the stock went down? >> wait. do you know why citi pulled out today? the real reason? the most international of all the -- >> let me throw this out there, i disagree -- i'm going to take it back. >> i don't think it'll matter. but that's why. >> let me ask you this question. >> hey, that's over. i disagree with the premise, almost, that we laid this out in saying that there's growing concern that the fed cutting back on it

grasso, dan nathan, brian kelly, and mike kuo. the big story "fast" is following for you tonight. bubble watch as markets come off record closing highs. are we looking at a looming breakdown in the areas that were considered safe but possibly bubblicious? take popular dividend plays like utilities now in correction territory officially today. real estate investment trusts, or reits under pressure over the past couple trading sessions.

we're tackling the post-game analysis and setup for tomorrow with dan nathan, brian kelly, karen

our traders for tonight are brian kelly, dan nathan, geoff brown, guy adami, and mike kuo.ight. will rising yields kill this rally? the ten-year yield rising above 2.1% today's session. no coincidence the leaders of the market rally are also taking a hit at the sam time. take a look at these yield plays. utilities, for instance, having their worst day of the year. what is the bottom line here? are rising yields bad for stocks? brian kelly, what do you say? >> i say yes. >> yes? >> i've contended since the beginning of this that the people who are saying that don't fight the fed and don't want to buy bonds but are buying stocks better be pretty careful because when you look at what's actually happening in the market, one, last week the

steve grasso, tim seymour, karen finerman, dan nathan. mike kuo.

. >> rose: nathan lane, dan rose next. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> nathan lane is here, he's one of theatre's greatest gift, just ask all of his friends. he's a two-time tony award winner. he stars in a story of a gay burlesque performing, he was nominated for a tony once again for his performance. i'm very pleased to have him here back in our house, welcome. >> thank you, nice to be back. always a pleasure. >> rose: we started to talk about then ed brantly who said one of god's rare major gifts to broadway in the last several decades, one of the best comic marks in the theatre, a king of musical comedy, a classic broadway baby, master of the one liner with top spin. holy cow, lordy lordy. >> well, that's, well, that's very nice. >> rose: what's he talking about, what performance. >> i think that's a composite review of several things i might have done over the years. but it's all nice to hear. i was saying for the first time in maybe ever i've not

. >> let's bring in the the monday gaggle, nathan gonzalez, dan balt, the chief political correspondent >> whatever. >> dan, the president using his bully pulpit to predominantly talk to african-american males. he's done this before on father's day, this time using a commencement. i think somebody said he's gone all bill cosby. this has been sort of a constant theme, a conversation he's wanted to have with the i don't think black male. >> yes. and he has been consistent about it, he's done it throughout. once he got a national platform, he used that platform consistently to deliver this kind of specific message to young black men and it's a powerful message and he's obviously got the ability to deliver it in a way in a nobody else -- >> and michelle obama did it over the weekend on friday, speaking to an historically black college as well, also some tough talk. and it was well received. >> when ne go othey go out and e types of things, it does get a lot of attention -- >> it doesn't get a lot of attention anymore. it did at first but we're not giving it -- >> i felt like yesterday there