steve grasso, this thing has come right through the line there. when you look at this from a technical point, i'm big on moving averages. when you look at the 200-day earning average, it's about 6% lower than today if you go from the bigger scheme, high from the 200 day, that could be high barometer most people are looking for the market to sell off long want the markets to sell off. shorts want the markets to sell off. everybody wants a better enetry point. you have to stick to those level when's you get the better entry point. what i will ask carter though, do your clients ask you when we're going to see a real fundamental shift from growth to value? >> no, clients ask things about the charts and not the way people handle it but let's put this in historical context, 93 years there's been 220 indents where the s&p dropped 5% or more there's something about 5% whether stop loss kicks in or risk manager walks over, once you go down 5%, it goes down typically more all 5% plus corrections median is 8.2% decline. the average is 12% so here we are -- >

grasso dan nathan and guy adami. well tonight on fast, it's one for the history books. wall street wrapping up the single worst week for the market since really the depths of the financial crisis in 2008 all 11 s&p 500 sectors falling into correction. meaning they're more than 10% down from the highs. selling has been hard, fast and really until late today a bit indiscriminate hard to believe that just last wednesday we were talking on this very show about all-time highs. since then, the broader market down 13% 18 s&p 500 stocks lost more than 20% this week. all told, the s&p 500 wiped out nearly four trillion dlarps in market value over the past ten sessions that's the budget of the united states of america. so, guy adami heading to the weekend, i'm pulling a fast one on you "fast money" one on you you. >> fire away. >> the big violent move up into the day you know the chatter i'm not saying anything out of school maybe the fed steps in over the weekend and does something do you think we see something from jay powel

steve grasso kick it off. >> shake shack a name i'm long look at the $70 price raenl, the resistance level back to 72. shake shack. >> chris. >> we like g.e like it to 15. the street is too bearish get long. >> diamond property group. may be buying talman but don't need them. >> brian did you see the cmg comps, they weren't red hot? they were white hot. cmg going higher. >> chipotle i like it. >> sure. >> thank you>> my mission is sie you money. i'm here to level the playing field for all investors. there is 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" and welcome to cramerica. me at 800-743-cnbc or tweet me @jim cramer never did i thin

steve grasso the great will tell us whether to buy or sell alibaba, cisco, shake shack or roku we'll get to all of them, i we'll get to all of them, i promise. ♪ ♪ ♪ ♪ technology company that provides data and analytics driven solutions and services. change healthcare is thrilled to be joining the nasdaq family. every day we are working on behalf of those who expect more from the healthcare system. our customers and partners push us, inspire us, and make us better. together, we make the healthcare system better for all. >>> time for a special edition of power movers. joining us now is cnbc fast money trader, steve grasso we're going to run through a few stocks and you're going to tell us whether to buy or sell. let's begin with alibaba the e commerce giant beat top and bottom line estimates but is lower after saying it's being hurt by coronavirus. what do you think? >> so, tie lerk let's start off. this is going to be a buy for me and if i told you that alibaba with trade warhead lines, with coronavirus headlines is in eye shot of an all time high, you would say i was crazy,

we appreciate it steve grasso on the floor of the new york stock exchange. >>> the cdc saying the americans should prepare and the white house taking a different tact saying the virus is contained and the necessary precautioning taken. the political impact is next. >>> here's the dow walt disney down 4% on the ceo change and exxon and chevron down as crude on the screens below $49 a barrel we'll be right back. the middle with you, ♪ no one likes to feel stuck, boxed in, or held back. especially by something like your cloud. it's a problem. but the ibm cloud is different. it's the most open and secure public cloud for business. it can manage all your apps and data from anywhere. so it can help take on anything, from rebooking flights, on the fly to restocking shelves on demand. without getting in your way. ♪ ♪ woi felt completely helpless.hed online. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the exp

jeff mills welcome brian kelly and steve grasso tonight on fast. shares of canopy growth sparking a rally in the pot stocks. why bad news is not so bad news in this sector we'll dig in plus for your chart of the week we look at a name we all kind of left for dead not long ago well maybe not everyone around the table. is the current rally for real? we get answers and love, exciting and new it's in the air this valentine's day. but wall street is sweet on a couple of stocks. >> nice. >> will they be lasting romances or are investors flirting with disaster we are doing a like or not, or hot or not like a would you rather. >> swipe. >> left or right, whatever it might be we don't care. all that ahead but we start with some big breaking news on the biggest name in investing. who else but warren buffett. the latest filing from berkshire hathaway showing outsize moves from omaha her here is the rundown to berkshire started new positions. kroger getting a pop 18 million new share stake over the quarter. biogen over the new stake. and berk shir bought the s

steve grasso, steve, we spoke last hour that we could be close to a bottoming process, given how severe the moves have been what do you see? >> well, if you look at the s&p chart, the 3275 level, that's around your 52-day moving average. we haven't been below that since october 2019 we flirted with it just a bit in jan, but closed above it if i told you this morning this is where we would be right now, what would you have said you would have said it was a home run, no >> that what was the home run? >> being here only down 2.8% would have been a home run coming in, with the panicky selling that we saw this morning. >> what does that tell you >> it tells me rates are going lower. if you think rates are going lower, you get forced into risk assets and people think maybe we're not factoring in how much ammo the fed has or what the fed is capable of doing. >> was it disorderly this morning? >> yeah, this morning got a little ugly, brine i felt like there was a rush for the exits, which is natural coming off the weekend, but when you get through the first hour, people sort of -- if you look a

this was i believe the best-performing stock out of a decade >> and steve grasso would counter can't will i say this is a technology company it's had headwinters, and chris can speak to this. you talk about breaking out above a previous high, with huge resistance going back to the summer last year, that's what happened today that's the play, but i think karen's point, you see it back and forth here. >> you want to own this thing. >> after making all this money >> no one has made money for two years. >> own the stock, so says chris. >>> rounding out our earnings coverage for the day, john deere reports tomorrow morning tony zang over at the plaza. >> thanks, brian this stock trades fairly actively we saw about 32,000 contracts cross the tape this stock reports earnings tomorrow morning the current options are reporting. we've seen almost a 6% move. earlier today, we saw a fair amount of bearish flow we saw 400 contracts with the june 150 puts purchased for about $4 that trader also sold 400 contracts of the june 195 calls. net debit -- if you look at this at expiration, the break-even

i'm tyler mathen for melissa pleep tonight steve grasso karen finerman, dan nathan guy adami. tonight the tesla bull kathy wood with us why she says it to be headed to $15,000 a share. there you see it today at 734 plus all over tonight's big after hour hovers. peloton, qualcomm. yummy china all on the radar after reporting results earlier today. and later we will reveal tonight's mystery chart. the stock has been on a roller coaster over the past year but dan thinks it's primed to pop. we will bring you the name and more the biggest stock story of the day, the week, months year so far. the worst day in eight years after a company executive warned the coronavirus in outbreak could delay deliveries tesla slumping 17% the pullback follows a nearly 40% surgeon monday and tuesday so is tesla's record run, guy, finally run out of juice. >> i'm not pretending to answer that because we don't know. but the last two days in context when had a stock trading 12 million shares a day traded over 100 million from monday and tuesday and obviously we had volume again today a lot of people hav

jeff mills welcome brian kelly and steve grasso tonight on fast. shares of canopy growth sparking a rally in the pot stocks. why bad news is not so bad news in this sector we'll dig in plus for your chart of the week we look at a name we all kind of left for dead not long ago well maybe not everyone around the table. ishe

grasso, chyron finerman and guy adami and chris verrone from strategas. tonight tackling three big money head scratchers. what else? tesla, the stock captiving everybody. surging 13% after a day late-day pullback in the options market things more crazy break down the

i'm tyler mathen for melissa pleep tonight steve grasso karen finerman, dan nathan guy adami. tonight the tesla bull kathy wood with us why she says it to be headed to $15,000 a share. there you see it today at 734 plus all over tonight's big after hour hovers. peloton, qualcomm. yummy china all on the radar after reporting results earlier today. and

grasso dan nathan and guy adami. well tonight on fast, it's one for the history books. wall street wrapping up the single worst week for the market since really the depths of the financial crisis i

grasso, thank you for hanging out with us. >> good luck today >> good luck to you. >> you were a value added. i'm not saying we should be calm, but there are times where you don't want to be running around with your head -- with your hair on fire. i didn't like the hair comment >> not at panic mode, and usually in the wall street business, when other people are getting nervous, you have to stay steady. i think that's what makes a better trader. i'm not prone to panic and i'm notpanicking >> for the rest of the show, making waves with his op-ed in the journal this week, calling for the fed to lower rates immediately. former fed governor kevin warsh is with us he's famous for a lot of things. you won't want to miss what he ayunto stay. st tedwe're coming right back. when i lost my sight, my biggest fear was losing my independence. mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. sie