todd gordon, trading analysis.com deny dan, does that concern you? >> i think that's interesting to me you don't want to get in a situation where you're buying a stock for fundamental reasons. then end up averaging down which would be about 100ers. 15, 20 billion, now, you have $7 billion. 25 billion in sales. i think it probably happens in 2017 >> when you think about macy's, when you look at the real estate, they talked about real estate, they don't want to make it, they're just what, 21 billion in real estate >> because depending on how what do what's around a flag ship store, around $4 billion. i think there is a lot to do here >> all right coming up u, even with stocks at record highs, nearly 81 names in the s&p are in bear market territory and the traders will tell you the names they're calling big bargains plus, snap chat sinking, but it's not stopping the ceo from enjoying his new fortune could it mean more trouble ahead for the company? check out shares of visa we'll bring you the details next much more "fast money" still ahead. when this be

. >> let's settle this with the charts, fellas off the charts with todd gordon of trading analysis.com. >> yeah, i put the bk trade on didn't even realize it to start, i have two long positions here, so i'll lay it out for you to start though, here's the s&p 500 and nasdaq nasdaq is in blue. s&p in orange. we have a clear diversion. the nasdaq has not made new highs where the s&p has. we've seen a big underperformance with technology namely apple can't get off of the 140 area. i think though however, this unz performance of tech has completed, begun to come off those lows i put nvidia on today. options are very expensive high volatility in the chips. i sold chips, which is a bullish position i think this underperformance is over if we then take a look at the s&p 500, this will just go back about three months we can draw a line around the 2400 mark. we have not broken through this support level even though it felt scary today it was a summer market very volatile. very thinful we have earnings coming up and nonforeign payroll. feels a lot worse than it is i think the financials, went lon

so, john, assistant to todd holland was his higbee and howard was chuck colson's higbee and ron zigler had a higbee. she happened to be diane sawyer. even higbee had a higbee, gordon strong. so, i was buchanan's higbee and that became that 50 year long-term friendship. pat was part of a white house that was very unique. it was a part of a row of speechwriters that they have never had since. pat mechanic, bill safire who won a pulitzer prize, ray price who came to the nixon staff from the new york herald tribune and he had written interestingly enough they editorial that endorsed lyndon johnson over barry goldwater and you had to journeyman speechwriters, bill gavin and we, the most remarkable speechwriting staff ever, i mean, then stein and i were in all of them as we were lowly speechwriters. pat became a remarkable career with nixon or as he effectually called him the old man. in 1965, when mr. nixon writer, researcher, researcher, traveling campaign aide and along with his current book, which i know you have all purchased, you hurt after by his other book, the greatest comeback which chronicled this remarkable time that patch worked with president nixon from 19