The Stock market ended in a mixed session, ending a positive week. Two notable sectors that ended higher were the financials and transports, which were signs that the bulls are taking back controls of this market, according to Guy Adami.
The next resistance point is the 1968 level, if we break that, we could go to 2000 soon. Steve Grasso think the maximum we can rally is to 2000 level, which Steve calls the sell zone. Right now you need to be selling, the market always sets up to hurt the most people at any given time.
US oil erased early gains, crude oil price today ended lower, trading down $0.29 and closing at $32.78 per barrel.
CNBC FAST MONEY FINAL TRADES 02/26/2016
Steve Grasso – Buy Altria Group Inc. (MO)
David Seaburg – Sell NIKE, Inc. (NKE), David’s been bullish on Nike, but it’s time to take profits.
Dan Nathan – Sell iShares Russell 2000 (IWM), small caps have run too high too fast, time to fade.
Guy Adami – Buy Macy’s, Inc. (M)