Fast money starts right now live in the NASDAQ market site overlooking New York

City's Times Square.

I'm Melissa Lee.

Traders on the desk are Tim Seymour, Steve Grassa, Brian Kelly, and Dan Nathan.

Tonight on Fast, Electric Shock, GE falling 6% today.

As J.P. Morgan says it is heading to 6 bucks, but if you think the pain is over,

we'll tell you how to trade it with limited risk.

Plus, Semi is getting slammed and there's something happening next week that could determine the fate of the entire group.

We'll tell you what that is. We start with what was shaping up to be the November investors we're looking for.

It's all blue skies and birds singing.

Red October was over and it looked like the bull market was back.

We even got through the midterms unscathed.

But in the bleak of an eye, the market seemed to snap back to reality.

And the selling was back.

We started to see some of it creep in yesterday and today the Dow dropped 200 points.

Nasak down 2%, has worries about trade and the Fed continue to hit the market.

So are we setting up for a year-end sell-off?

Is there more pain ahead, Tim?

Well, Mel, it's not easy being green.

Especially when the Fed is hard at work, but I'm all going to be Oscar the Grouch.

Bottom line here is we still have a Fed that's doing what they said they were going to do two weeks ago.

And so I think letting the Fed settle in alongside of really just market position.

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