S&P approached 1950 at the close, which is Guy Adami’s resistance point, if we settle a couple days above that level, things might be looking up for the bulls. The market also got a boost from crude oil prices today after jumping 6.2% to close at $31.48 per barrel. Brian Kelly played his usual three characters today, Debbie downer, negative Nancy, and pessimistic Patty. BK has been hating on this “short covering rally” for a week now. Maybe the bulls will continue to get him to chase and average up on his shorts.
CNBC FAST MONEY FINAL TRADES 02/22/2016
Brian Kelly – Sell Blacrock (BLK), redemptions coming
David Seaburg – buy Macy’s (M), buy at the open tomorrow
Karen Finerman – Buy Fitbit (FIT), Karen actually bought some during the commercial break, she thinks the stock is oversold in the afterhours trading. (She did not talk about JPM)
Guy Adami – Buy Allergan plc (AGN), just coming off a great quarter