Fast Money Trades:In Line With Market - MMR, SLV, BRCM, TM, TBT

Published on Thursday, 26 August 2010 11:43 Written by Gerard Lerod

New York, August 26th (TradersHuddle.com) - Currently the market is trading slightly lower, as we have 2 out of 5 Fast Money trades trading on the plus side.

Pete Najarian recommended long McMoran Exploration (NYSE:MMR), and today is the best performer among the Fast Money Final trade recommendations, with the stock trading at $13.77 representing 3.77% versus the previous trading session. Shares of McMoran Exploration the have defined support at $10.80 and resistance at $11.65.

Steve Cortez suggested long iShares Silver Trust (NYSE:SLV), and today is trading at $18.73 representing 1.02% from its previous close. The SLV or iShares Silver Trust has calculated support and resistance levels at $17.07 and $18.30 respectively.

Joe Terranova suggested long Broadcom (NASDAQ:BRCM), today is trading at $32.32 or -0.09% from its previous close. Shares of Broadcom, the provider of chips that enable broadband digital data transmission have defined support at $31.28 and resistance at $33.49.

Tim Seymour suggested long Toyota Motor (NYSE:TM) that today is not performing as expected with a slight pull back as its trading at $68.66 representing -0.58% from its previous close. Also Brian Kelly suggested the ProShares UltraShort 20+yr Treasury (NYSE:TBT) as a way to play the market rebound and a pull back into the over-extended Treasury bond market.