Fast money starts right now live from the NASDAQ market site

overlooking New York City's Times Square I'm Melissa Lee.

Traders on the desk are Tim Seymour Carter-Wirth Dan Nathan and Guy

Dami tonight on Fast GE bringing good things to life.

The stock is up 20%, yep, 20% in the month of October,

and the Chartmaster here says there are more gains to come.

You won't believe how high he thinks it could go. Plus rates are on the rise,

but if you're looking for yield, you don't have to look too far. The traders will take us

yield hunting for the top dividend stocks in the Dow. And that is right where we start,

with rising rates and investors playing defense.

Yes, that crucial element that was missing from the New York Giants loss.

The defensive sectors taking off today as tech gets slammed rate sensitive sectors which would typically sell off in a high interest rate environment like real estate,

consumer staples, utilities, they all caught a bit, up about a percent or more leading the market. So what is this move to

defense saying about the market? Should investors out there follow suit guy what do you

say? What do you say about the market? I think people are concerned the Vicks

says people are concerned and I think what the market is saying you know maybe the

Federal Reserve who's about face you know changing course maybe it is going to

have market ramifications and maybe they are behind the curve and maybe it's not going to be as easy as the market thought it was six months ago.

I'll say this though, I can't believe the market's piling in the utilities, the XLU continues to go higher, it doesn't make any sense to me.

But I do think there are places you can be,

and I look to two spots.

I still think you can be in energy.

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