Fast money starts right now live in the Nasak market site overlooking New York

City's Times Square.

I'm Melissa Lee.

Traders on the desk or Tim Steem or Brian Kelly, Dan Nathan and Guy Adami.

Stocks making a major reversal, but one top strategist says despite the move today this market rally is still at risk he will explain why

Plus check out the semis getting slammed today down nearly 2% one top technician says there are two names in the space he's

buying right now. He'll reveal those picks. We start off with the stunning

market turnaround today, stocks selling off early in this session, following a

tweet from President Trump about increasing Chinese tariffs

escalating the states in the trade talks with China.

But Sox climbed their way back and jumped into the close on reports the Chinese delegation

will still travel to the US.S. for Trade Talks this

week and we just heard we are expecting some sort of update from Treasury Secretary

Mnuchin shortly so we will keep you updated with the very latest in the meantime

is today's action proof that this is a buy the dip market guy yes well yes it is

proof I mean it doesn't mean that I believe it doesn't mean it should have happened.

If we had had this conversation last night and we had the exact same set of circumstances,

I said the market's going to open on the lows, continue to trade lower the rest of the day,

despite any headlines that came out.

Here we are, we open on the lows and rally back the rest of the day.

So the market seems impervious to all this stuff, but I'll say it again, and I've said it for quite some time.

I don't, I think we all believe, at least most people believe

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