Fast money starts right now. Live from the Nasak Market site overlooking New York

City's Times Square. I'm Melissa Lear. Traders on the desk are Tim Seymour, Chris Varone,

Steve Groswin, Guyadami, socks bouncing back today but still more than half of the S&P 500 is sitting in a

correction and one top technician says a number of beaten down names in the

market may be bottoming out. He'll take us bottom fishing. Plus it's a shipping

showdown Walmart firing back at Amazon

starting to roll out one day delivery for all orders over $35. No membership

required, but which stock has the edge the traders will weigh in. We start off with stocks snapping

back the dowse soaring about 350 points at the highs of the day after yesterday's

steep sell-off. This all after President Trump said the trade war is really just

a little squabble.

Tech the best performer leading the charge back but the market

closing well off those highs ending the day up about 200 points.

So can you trust this bounce or is there more pain ahead guy?

No and yes I answered your questions correctly.

No you can't trust the bounce and yes I do think there's more pain.

So when I say more pain I'll say it again I said I think the

S&P can absolutely trade down to 2650 that's I don't know 180 or so S&P handles

from here I guess that six six and a half percent. I think that move is definitely into cards.

I think you have a major double top in terms of 2940.

President can Trump say whatever he wants about it being a squabble,

easy to fix.

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