Fast Money Traders Share Their Trading Ideas For A Declining Market - Freeport-McMoRan (NYSE:FCX), iShares Russell 2000 ETF (ARCA:IWM)

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Tim Seymour said on CNBC's Fast Money

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that the small caps remain a problem and he is using iShares Russell 2000 Index (ETF) (NYSE: IWM) as a way to hedge his portfolio. He added that iShares Dow Jones US Telecom (ETF) (NYSE: IYZ) and

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Utilities SPDR (ETF)

(NYSE: XLU) are going to continue to outperform. Brian Kelly thinks that iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE: TLT) should trade higher. Pete Najarian believes that Freeport-McMoRan Inc (NYSE: FCX) and Marathon Oil Corporation (NYSE: MRO) are going to continue to trade lower and he owns put options in both of them.