Right now on fast charting the markets will hear from one top technician who says follow

the rates if yields keep moving higher the S&P will keep heading lower the charts the

trades and the opportunities straight ahead plus China troubles new data showing American

confidence in doing business Beijing is at an all time low we'll go inside that report

and see what impact this will have on our economy and later a buzzkill and aisle 6 a nuclear

move in uranium and the energy trade that kept grinding higher or keep I should say as

it continues grinding higher I'm Courtney Reagan in for the list of the evening this

is fast money live from the Nasdaq market site in the heart of Times Square on the

desk tonight we have Bono and Eisen we have Dan Nathan Guy Adammy and Tim Sumer and we

will start with a market rebound running out of steam the S&P trying and failing to bounce

back after Friday's loss is briefly turning positive before closing out in the red again

the Dow and Nasdaq also posting a second day of losses the Dow falling below its 50 day

moving average for the first time in over a month the Nasdaq more than 25% below its record

high meanwhile the dollar was back in rally mode touching its highest level in over 20 years

earlier in the day treasury yields also on the rise with the 10 year at its highest in two

months so as we head into the final few trading days of the month what are moves like all this

telling you Dan well I think you continue to take profits and stocks that you've gained

you know very nicely off the June lows here the S&P 500 was up about 19% from those lows

the Nasdaq was up more than that in the last two days since chair Powell told us there's

going to be some pain associated with their battle with inflation that was not the reason

why the market rallied over the courts of the summer and think about what has happened

here fine I think a lot of people can get their arms around the fact that maybe we have

...