Fast Money starts right now.

Live in the Nasac market site overlooking New York City's Times Square.

I'm Melissa Lee.

The line of tonight, Pete Nigerian, Chris Varone, Dan Nathan and Guy Dami.

Tonight on Fast, the biotech beat down.

That group of stocks on track for its worst week in two months,

and there's one name Wall Street that's turning its back on.

Plus, an epic Nike fail, shares slipping as a Duke's superstar breaks a pair of the

brand sneakers during a big game.

But first we start off with Fang biting the dust.

The group under pressure today having a rough February with the exception of Netflix.

Facebook, Amazon, and outfit all in the red is the rest of the market is grinding

higher, and the Nasak is now on track to snap an eight-week winning streak.

So what is wrong with this fang trade?

What does it mean for the broader markets? Guy, can I interrupt

your dancing for the show? You know I'd say it, not my favorite Queen song but I'm a

huge Queen fan. We'll talk about that later I'm sure. I don't think it means

anything necessarily the

broader market I think each one of these stocks you can make an excuse for

Facebook self-inflicted wounds I think there's still downside there

Google cloud computing a vast third behind Amazon and Microsoft.

That couple of the fact that maybe regulation is coming down to Pike.

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