With a tepid start to the year the chart master sees something in the charts that could spell big trouble ahead. Well tell you how to profit first, the dow surging more than 200 points, well past 25,000, closing at an alltime high dowdupont is one of the highest stocks this week material stocks are the second best sector in the new year, adding to a strong end to 2017, a sign that the global rally is really catching fire, as commodities are rising and the dollar is calling. One could call it a material world. Freeport, 41 , mosaic up 13 is this the beginning of the global reflation trade if it is, whats the best way to play this move tim, youve been all over this this is an extension of the global trade again, this really started in march of 2016. You kind of had a Double Bottom for a lot of these assets. Some of them back in december, after we got through the elections and people were questioning, you certainly got it for emerging markets. The places you can still play, theres little bit of back to the future, were getting old madonna tunes, why not some huey lewis . These companies are run a little different, a lot of people are getting overweight brazil again. In the case of petrobras, this is a slightly Different Company than the one you invested in coke and coal prices are a major component to steel steel prices are rising for i think both the right reasons and because of the political kind of anxiety thats going on. Were definitely pushing back on china who has been sending steel to vietnam, getting it retagged, and sending it over here thats not happening were also seeing China Shopping around the world for a higher grade steel to show that there really is demand and theyre not good enough. Ag has lagged, im long all of those names other than new core, and i still own u. S. Steel guy i thought that was cyndi lauper no, i knew it was madonna. Since this is an 80s theme, tim is rocking a 1988 vest got to get back in time no sinking. Singing. The power pitch fast pitch. That too. The stock was trading in the high teens youll say maybe its run out of gas. Its extra chilly on the east coast. I hope a sweater vest puts a little warmth in your living room say what you want about president trump. One thing, you know, he talked about the steel industry, they brought wilbur ross in there was a threemonth lag. These stocks have been off to the races since mr. Ross has got in there is an up sight to u. S. Steel, big Short Interest in the name wouldnt be surprised if it traded to and took out the highs of 214 david is here, im not asking you to comment on this, but cowan upgraded this from underperform to market perform its just a matter of time the guy has a memory like a steel trap youre right i say stick with the steel names, they continue to work stld i prefer over letter s. Steel dynamics is the name a very crowded trade this has been the darling of the space. These names tend to overshoot, you know, on positive sort of momentum, and undershoot on negative momentum. There could be another 25 to 30 move higher. I think you stay with the steel names. Thats a lot of runway. China is going after this environmental. That seems pretty aggressive, 25 to 30 more i dont think you take your foot off the accelerator on steel names at all until the narrative changes. I dont know if it gets 25 or 30 . I would prefer it to tims hot hand, so hot he had to rip his sleeves off. Can we show that fireplace again . People are cold in america right now. You cant be that hot and have sleeves youre right. I think you buy commodities when theyre running. This is partly davids point the thing thats interesting here is at the highs, people are very, very chilly and warming by the fire but also, you know, its amazing how people have been able to change their views because of price action and i know that its not because of price action. But its very clear were seeing upgrades by analysts that were downgrading at the lows. I think you need to be careful you need to trade some of these things aggressively. Aggressively meaning on a run . For example, i traded out of cliffs today, clf, which is a position ive been trading back and forth. This may be a breakout level and i may be, you know, very frustrated that i traded out of it, although ive been trading it between 650 and 775 we cleared through that and i think you fade a little bit, i think i get it back. The reflation trailed, that reflects whats going on globally here, right yes theres more going on in emerging markets we have the potential for Infrastructure Spending coming in this country. So you can even broaden that out and look at whats happening with john deere or look at whats happening with cat tractor. Those are other ways to play this and i think those names still have room to run the pollution control constraints, to rein it in a little bit, the Higher Quality steel which tim talked about them going after, the pricing has increased dramatically look at l g, if coal starts to degrade, l g could be the play to look at here because gas is what theyll use to, you know, to heat. I have a question here at this point in the conversation weve been not we, theres been a great focus on the run technology has had in the new year, up 4 or so on the nasdaq. Right here, technology, technology or materials . Youre playing would you rather but you masked it in an ive got a question. Ive got a question would you rather materials or technology in that broad scope, materials would be my answer, melissa lee. Really . Technology is a very wide swath. Thats true there are troublingstories as well as good stories. Embedded in that answer, is it a belief there will be somewhat of a rotation out of technology, or even a trimming of position, just because that position may have gotten so big in ones portfolio i think that analysts, to tims point, i think that analysts are behind the curve in terms of materials theyll have to catch up i think in tech theyre already on the curve but also, remember, if you are getting global reflation, which this trade is, then rates are going higher, which could hurt some of the high p e stocks which tech would be. I have a question for you were both wearing vests today. I believe we have a special thing going on question for you, materials or emerging markets . In many cases you have difficulty extracting the two. I would probably say emerging markets. Youll get an opportunity to trade some of this stuff theres a good part of my position, in fact i sold emm today at 83 rsi at the top end of a channel, a channel on emm that goes all the way back to where we built this rally, december 22nd of 2016. Youve been able to trade that lane em banks are one of the most interesting places to be here. Lets talk about our day now, what did you do . Sticking with eem, for the very short period, if you have materials, i would prefer to own eem longer term. For the next two quarters, materials, for the near term, the next several weeks, you stick with the materials i added to eem i was waiting for the answer to my question what did you do today . My final trade last night was ewz, i put my money where my mouth is that goes into your emerging markets, your materials trade in a sense. I actually think i like these a little bit better than i do the materials, only because theyve been somewhat beaten down, relative to the materials. So i think theres a better opportunity with like brazil or the emerging market type of thing. Continue to beat the drum quickly. Look at the move in boeing today. Its a 300 stock, thats not as big as it used to be to the materials, i think you still have the industrials working for you as well. Outside of what you do with cliffs ive been slowly adding to mosaic, slowly adding to bhp, rio tinto, diversified miners. Brian brought up brazil. Theyve changed their colors a little bit over there. Coming up, its the Ripple Effect one of the largest cryptocurrencies out there is surging this week. What is it, how do you buy it . Brian kelly will break it all down, next plus its the olympics of health care, the largest conference of the year kicks off on monday. Well tell what you the three largest stocks going into it netflix goes hollywood at the golden globes, a record nine nominations. Could a big win send the stock soaring . Much more photosynthesfast mont after the break. Even made custom doughnut cutters. Wow all with points. Thats how i created the ripple. The doughnut, in a doughnut, in a doughnut. Suddenly, its everywhere. I mean, it really took off. What will you create with your points . Chase for business. Make more of whats yours. They cahow many of em . E, sir we dont know. Dozens. All right lets teach these freaks some manners good luck out there, captain thanks but i dont need luck, i have skills. I dont have my keys. on intercom all hands. We are looking for the captains keys again. They are on a silver carabiner. Oh, this is bad. As long as people misplace their keys, you can count on geico saving folks money. Fifteen minutes could save you fifteen percent or more on car insurance. Show of hands. Lets get started. Who wants customizable options chains . Ones that make it fast and easy to analyze and take action . How about some of the lowest options fees . Are you raising your hand . Good then its time for power e trade the platform, price and service that gives you the edge you need. Alright one quick game of rock, paper, scissors. 1, 2, 3, go. E trade. The original place to invest online. We know life can be hectic. Thats why, at xfinity, weve been working hard to simplify your experiences with us. Now, with instant text and email updates, youll always be up to date. You can easily add premium channels, so you dont miss your favorite show. And with just a single word, find all the answers youre looking for because getting what you need should be simple, fast, and easy. Download the xfinity my account app or go online today. Welcome back to fast money. The crypto craze continues as some of bitcoins rivals like ripple and ethereum are surging and gaining on the crypto king you might call it the Ripple Effect that is right. Tada, weve now got the ripple bug, you can track the price in the left hand corner of your tv screen but wait what is ripple cnbcs seema mody joins us now to explain reporter hi, melissa ripple has literally been ripping higher, up 40,000 in the last 12 months, ranking second to bitcoin in terms of market cap among the cryptos at 117 billion, ripple has a larger market cap than 43 companies on the s p 500, big names like goldman sachs, nike, netflix, and uber. Ripple is building a payments platform for major banks its already got a consortium of banks in japan testing out its network. Other users include bank of america and a bank in spain. Earlier today the company tweeted out three of the top five Global Money Transfer Companies Plan to use xrp, ripples product, in payment flows in 2018. Michael morrow, ceo of Genesis Global trading, is telling me hes seen a lot of interest this week from institutional investors, close to 100 million in three days in ripple volume, although most of the demand has been driven by south korea, which makes up about 30 of ripples transactional volume. While ripple has been benefitted from the hype and overall interest surrounding bitcoin, there are some differences unlike bitcoin, which is open source and supported by a global community, ripple lives on a centralized network and is managed by a team in california that is led by a former yahoo exclusive named Brad Garlinghouse bitcoins price is around 16,000, ripple just below 3. Back to you, melissa thank you very much, seema mody is ripple the next big breakout coin if so, how do you even buy it . Our very own crypto baller bk is here to tell you exactly how to do just that bk yeah, sure. Ripple has been on an absolute tear just to add to what seema talked about, what ripple really is going after is the Swift Network or International Payment transfers. What youre talking about here is an upgrade of the International Financial system thats a very big market thats why people are excited about it lets figure out how do we buy this here. Im on the website, you can see over on this side, here is all the trades that are going on remember, cryptocurrencies trade 24 7, this market never sleeps so we have ripple, you can see these big moves. Now lets scroll down to the order page, okay so you can see, i can buy ripple, i can sell ripple. Here is all my buy orders right down here, here is all my sell orders theyre a little bit backwards for you Old School Market folks, its going to drive you crazy like it drives bk, but it doesnt matter ive got some btc, i need bitcoin to buy ripple. As i click on the price that i want to buy, i want to buy it right there, it fills it in. It looks like ill buy about three btc worth of ripple. Hit the buy button boom lookit i bought all that ripple, thats how easy and fast it is. If you notice before, i didnt have any ripple there. Now i do now i have about 24,000 ripple its that easy, its that simple to get into this for me, ripple is one of those core protocols that will likely be a big part of the crypto economy. I have a question. People are more familiar with coin ba coinbase and how that works. You have to do the transaction first, transfer it into bitcoin, and then buy ripple . Thats right. On the website, you go to coinbase first, buy your bitcoin, youll have your wallet, once youve opened that account up, youll get a bitcoin address. You send your bitcoin there. Once you have bitcoin, you can buy anything and as i scrolled up, look at how many currencies are out there. Those are all the top ones theyre trading real volume. Thats 31,000 bitcoin, thats a lot of money thats trading in ripple today bk, its tim. Do you think theres an opportunity to arb between these exchanges . Lets be clear about crypto traders, they love trading, they love some of the inefficiencies of these markets for this very reason is that a possibility . It is a possibility its a little clunky, though part of the reason why some of this arbitrage exists is because there are different regulatory environments for example, if youre in south korea, its almost impossible to get money out of south korea because of the capital controls. Sometimes youll see that global cross border arb open up its difficult to do within exchange or within the u. S. Exchanges, lets say youre going coinbase, sometimes there is a chance to do that but you also have to recognize, it also takes a bit to move these things around. Sometimes the exchanges can take an hour or longer to move between. Are you talking arb within ripple or arb like cross im talking about having three exchanges open at once, transacting in one and selling in the other because youve effectively locked in a price. You can see price discrepancies. You do see this, especially because at settlement times you have an opportunity to work within that as well. The best way to do it is to have bitcoin and lets say ripple, at each one of those exchanges. That way you dont have to worry about changing between and you just play that arb all day long. Can you explain to us home gamers, why are they linking themselves to bitcoin, why not u. S. Dollars because to use u. S. Dollars you have to have a Money Service license and go to 50 different banking regulators in the u. S. If you want to take u. S. Dollars. In this case polonius chose not to do that bk, the bigger issue here, the big bear case on ripple has always been its not like other coins, its not created or mi mined, essentially theres 100 billion they started with, 30 billion in circulation. Its companycontrolled, they can put more coins into the marketplace which would create dilution is that a big concern . It has been a big concern, youre right ripple is somewhat controversial in the decentralized world because ripple is a centralized currency it was premined 100 by the Ripple Company what theyve done to alleviate a lot of those fears is theyve locked up a lot of the ripple they own and will slowly meter it out over the next several years. That has alleviated some of the concern. That being said, purest decentralized coin people dont necessarily like what ripple has done i happen to like the fact that they have several banks using it and they have a company that is out there trying to make the value of the currency go higher. Last quick question we saw the run in ripple on the notion that it would be added to coinbase and coinbase put out the blog saying no, its not going to be added. It fell today. Whats your guess on whether it will be added and whats the next currency that will be added to coinbase . I think its going to be a wild six months plus thanks, answered a lot of questions tonight. Very interesting. Ahead, big banks moving lower today despite the record rally. The chart master sees something in the charts that could mean big trouble ahead. Im melissa lee. Youre watching cnbc, first in business worldwide in the meantime, heres what else is coming up on fast. One bitcoin stock in particular, well give you the name and tell you how to profit. Plus you like me, right now fast is going hollywood in search of golden globe glory and the one stock that might get a boost from this weekends awards a basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley but prevagen helps your brain with an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. Trust 1 doctor recommended dulcolax. Use dulcolax tablets for gentle dependable relief. Suppositories for relief in minutes. And dulcoease for comfortable relief of hard stools. Dulcolax. Designed for dependable relief. barry murrey when you have a really traumatic injury,g we have a short amount of time to get our patient to the hospital with good results. We call that the golden hour. Evaluating patients remotely is where i think we have a potential to make a difference. barry murrey we would save a lot of lives if we could bring the doctor to the patient. Verizon is racing to build the first and most powerful 5g network that will enable things like precision robotic surgery from thousands of miles away. As we get faster wireless connections, itll be possible to be able to operate on a patient in a way that was just not possible before. When i move my hand, the robot on the other side will mimic the movement, with almost no delay. Who knew a scalpel could work thousands of miles away . Welcome back to fast money. Streaming giants are going head to head with traditional studios for award season dominance Julia Boorstin is in los angeles with more. Hi, julia. Reporter hi, melissa hbo dominates the tv category at the globes but this year netflix is making gains as its 6 billion investment in content pays off it has 12 nominations including two each for mud bound and two each for master of none. Netflixs nine tv nominations put it second only to hbo which maintains its lead with 12, including six for big little lies. But netflix is ramping up its content spending to 8 billion this year with the goal of hitting 50 original content by the end of 2018. And netflix is investing more in premium content. The stock gaining about 2 today after netflix announced David Lettermans new series, called my guest needs no introduction, announcing president barack obama as well as jayz and George Clooney among other big name guests. The Company Also Announces filmmaker matt reeves of two planet of the apes movies, will be directing a new series for them awards, acclaim, certainly can help draw attention to shows and even potentially some new subscribers for netflix, melissa. Thank you, Julia Boorstin in los angeles. What do you think for netflix . Im very bullish on netflix, i have been bullish on netflix i will say my tune isnt changing, but its much more difficult to find the incremental buyer in the stock on the institutional side. Seeing new institutional money roll into that sounds bullish, it doesnt sound like a change of tune if you look at the holiday season, whats been selling, row could y roku sales suggest q4 will be solid. But when you look at earnings projections out to 2019, 2020, theres a concern about the hockey stick effect. There will be more spend, earnings will be impacted. In honor of the big golden globe night in hollywood, our traders have picked four names that they say are Award Winning stocks tim with the vest, kick it off uh, yeah. Lionsgate is upselling the tv side of their business, i think its an undervalued stock. Its a volatile stock. Go back to the fire mine is baba. Chinese commercie growth is off the charts circle gets the square. I like sq. Big one coming up, mel. See you back here monday at 5 00 dont go anywhere, oa starts after the break. Trust 1 doctor recommended dulcolax. Use dulcolax tablets for gentle dependable relief. Suppositories for relief in minutes. And dulcoease for comfortable relief of hard stools. Dulcolax. Designed for dependable relief. You or joints. Something for your heart. But do you take something for your brain. With an ingredient originally found in jellyfish, prevagen is the number one selling brainhealth supplement in drug stores nationwide. Prevagen. The name to remember. Were live at the Nasdaq Market site. Look who decided to stick around for the good old oa, brian kelly himself. He even put on his fancy jacket. Heres whats coming up in the show back in the saddle again thats what some traders are saying about bitcoin, which is surging again. And options traders see even bigger gains for some crypto related stocks well tell you how to profit plus talk about a bank job. This is a robbery financials have surge
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