Another down and up and down trading day. US futures sold off in the morning when European markets got obliterated. Dow promptly opened down and kept selling off until it was down 400 points. The technical traders were spot on about the 1810 S&P resistance level, we saw a huge spike (mostly due to a b.s. OPEC rumor) that took the Nasdaq all the way to the positive level, but ultimately we still ended down in yet another bloody trading day. Crude oil price today crashed again, settling below the 2003 lows of $26.19.
CNBC FAST MONEY FINAL TRADES 02/11/2016
Tim Seymour – Buy Mattel (MAT)
David Seaburg – Buy Twitter (TWTR), it will trade a lot higher a year from today, Dan Nathan also agrees
Dan Nathan – Sell JPMorgan Chase & Co. (JPM), take profit on today’s news that Jamie Dimon bought 500k shares of his company’s stock. Going back to its August lows around $50
Guy Adami – Buy Whole Foods (WFM)