'Fast Money' Portfolios of the Week

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PEWAUKEE, Wis. (TheStreet) -- According to CNBC's "Fast Money" traders, the stock market is showing no signs of stopping its current bull run. Joe Terranova told viewers that the markets simply consolidated Tuesday, and the odds of a market correction between now and the end of the year are low. Pete Najarian said he's watching the 1100 level on the S&P 500. He pointed out that 1100 was resistance but now has turned into support.

Tim Seymour said he would look for support around 1068. He believes the S&P 500 is heading to 1120, but probably not much higher from there. Brian Kelly of Kanundrum said it's a good sign the market is staying above 1100. However, he mentioned the upward movement in stocks probably isn't a sign of fundamental strength. Kelly explained that as we move towards the end of the year, momentum investors will chase returns and push the markets higher.

Karen Finerman agreed with Kelly, saying the fundamentals don't mean that much when investors are coming into the markets from the sidelines. She said the path of least resistance for the market appears to be up. Pete Najarian advised investors to look at strong areas of the market such as cooper, where there is demand. He said the old market leader Goldman Sachs Group(GS Quote) can be misleading as a tell on market direction due to the current strength in commodities.

The "Fast Money" crew has recently highlighted trading ideas that play off a potential bottom in housing, retail earnings reports and unusual options activity. Here are some highlights from over the past week as aggregated from the show.