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

City's Times Square. I'm Melissa Lear. Traders on the desk are Pete Nigeri and Tim Seymour,

Dan Nathan and Guy Adami. Tonight on Pass, the Sea of Red on Wall Street as the market heads back to the October lows,

but which names can survive the sell-off? The top technician tells us the two names he says are a screaming

buy right now. Plus, Morgan Stanley's Mike Wilson out with a warning. Do not buy this dip.

He will be here to explain why it's time for the bulls to take a backseat. We start off with the market

sell-off. The Dow is thinking more than 600 points at the lows of the day,

closing down about 550 points. For those keeping score at home, that's nearly 1,000 points in two days.

And the Bears certainly on the attack, the Dowd S&P 500, erasing their gains for

2018. Now both in negative territory, the S&P firmly in correction, with nearly half the

stocks in the index sitting in a bear market the Nasak plunging from its

highs down a whopping 15% from the peak. So with seemingly no catalysts in

sight as we head into the end of the year is the market heading straight into

bare country which would be another 10% down from here.

Pete, what do you say?

Well, you know, I think it will approach those levels.

I mean, Steve Grasso was on with you today at Power Lunch.

I thought he was fantastic with the charts that he had up there and he was talking about

different levels he talked about earlier this year October but also going back to that January

February drop that we had so can we test those or maybe even break through those I think

absolutely we can at least test those levels

so yes but the one thing that is interesting to me and I know Dan watches just like I do we look at

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