Fast Money Traders Share Their Ideas For A Down Market

, Guy Adami said that

could decline 1.25 to 1.50 percent. Dan Nathan closed some of his short positions on Friday, but he is going to sell rallies next week. He is also adding to his defensive positions in

and

. Brian Kelly covered a few shorts in the energy sector on Friday, because risk-reward is not very attractive at the moment and he wanted to take some money off the table. He bought some

, because it should outperform if the Fed gives a hint that there won't be more interest rates hikes. Kelly added that gold should also do well if that happens.