Fast Money starts right now.

Live from the Nazac Market site overlooking New York City's Times Square.

I'm Melissa Lee.

The lineup tonight, Tim Seymour, Brian Kelly, Chris Verone, and Steve Graso.

Tonight on Fast, it is the semis fall from Grace.

The group getting hit hard today and check out these names all down nearly 50%

from their 52-week highs.

We'll tell you what that means for the market.

Plus, Biotech getting slammed today,

but a top analyst says more deals are coming.

He will give us its four take-out targets.

But first we start off with high hopes.

While the market is stalling, quietly a number of mega-cap stocks are going up, up up and away. In the past week, Starbucks,

Mastercard, Proctor and Gamble, Nike and Boeing all hitting all time high. So do these high flying stocks

have more room to run or are they about to lose steam.

It is the perfect time.

Perfect time.

Right out of the game.

Good time for a game.

Yeah.

Let's do it. Trade or fade it.

All right.

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