Live in the NASDAQ market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

Another roller coaster day for stocks,

stocks finishing off their highs, but also off their lows.

What do these swings mean?

And what the charts tell the true tale of where the market is heading.

The traders each give their picks.

And a blockbuster deal in the healthcare space, we dig into Merck's latest attempt to avoid

the patent cliff and who can the next takeover candidate be in the space. Plus, Arm Holdings

jumps on its latest chip announcement. What is sending shares of Chinese internet stocks

higher today? And building blocks, new mortgage data data and a warning from KV home signals

more struggles for the housing industry. When could there be relief in sight? I'm Melissa Leakom,

DiLak, Studio Biazhen, The Nasak on the desk tonight, Tim Seymour, Bono and Eisen, Nathan, and

Guy Adami. We start off, though, with markets swinging on seemingly any headline related to the war in the Middle East.

The SMB rising a percent and a half early in the day after news the White House had sent a 15-point plan to Iran to end the conflict and open the strait of Hormuz.

But falling midday on a report, Tehran had rejected the proposal.

The index ended the day half a percent higher.

Crude meantime lower, although, again, off its worst levels of the day yields The index ended the day half a percent higher. Crude meantime lower, although

again, off its worst levels of the day yields also retreating after yesterday's spike. So in a time

when investors are looking for any indication about the direction of the war, we wonder what our

traders think is the most important chart in the market right now. Guy, kick it off. Is that what we're doing? The most important chart in the market right now.

Guy, kick it off.

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