Fast money starts right now. I'm Melissa Lee tonight's trader

guy Domi Tim Seymour Dan Nathan and Chris Verone coming up on Fast Tesla

zooming to a new all-time high how are traders playing this record move plus betting on Baba?

Chris says the charts show this red hot stock is building up for an even bigger breakout

and later we'll tell you about the golden opportunity auction traders are

spotting in the market.

That's great ahead.

But we start off with another big day for the markets,

the NASDAQ posting another all-time high.

This even as coronavirus cases continue to climb and more risks to reopening emerge but we got some

positive news on the economic front of the US so Guy is that what markets are

really watching have we become inured no to this rise in coronavirus cases.

I mean, you know, some of the data, we've had some really good data,

but some really bad data, I don't think the market is,

I mean, it seems to discount the bad, it seems to really get all

geeked up on the good which we've seen before over the years but to me it's still all

about the liquidity that's being presented and put in the market by Central Banks globally.

You know, again, I'm not pretending to be some raging ball.

I'm not pretty outspoken about that, but we did say on June 26th,

if you recall, we were encouraged by the fact that the market held that 3,000 level in the

S&P 500 and it gave you something to trade against.

I don't think we'd be here today quite frankly, but now the next level is the June 7th high I think of 3, 240 or thereabouts. I think that's what's in sort of the crosshairs of the market. It has to prove itself there.

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