Tonight on fast the Powell plunge stocks tank has fetched your Jerome Powell hints at speeding up the taper timeline

We're breaking down the fallout and finding you opportunity in this big draw plus the ultimate safety trade Apple holding up in today's session

So is this where you want to park your money?

We'll take you to the charts and later the crude collapse oil tanking today as WTI hits its lowest level since August

We're drilling down on the energy trade. Welcome everybody to fast money

I'm Melissa Lee tonight's trader line up guy dummy Tim Seymour Karen Feynerman and Dan Nathan and we start off with

the 30 words that send stocks spiraling

It is there for appropriate in my view to consider wrapping up the taper of our asset purchases

Which we actually announced at the November meeting perhaps a few months sooner

That threat of a faster taper sending the S&P plunging nearly 2% to its lowest close of the month the index is now below

Friday a sell-off low every sector in the S&P 500 down today with telecom utilities and staples

Seeing the biggest losses yields also on the move the spread between 10 and two year rates

Hitting its lowest levels since January

So how do you set yourself up after today's action?

I mean as hawkish as we thought as you guys thought Powell's testimony was last night when the when it was released

He was more hawkish today guy. So so what do we do?

Yeah, well, I mean clearly inflation is I mean, I think he's concerned you hear comments like that when he had all the air cover in the world

Not to make comments like that it makes you wonder like what is he seeing or what is what realization is he coming to right?

So well what do you do? Well the market has proved what me at least for me over the years

It's impervious and 45 30 in the S&P 500 that was the all-time high back in September that passed

Resistance would become support but the one you have to look at in my opinion and kudos to Carter Braxton worth

Who pointed out the fake false breakout comes in the form of the IWM 214 or so as you're lying in the sand

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