'Fast Money' Portfolios of the Week

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PEWAUKEE, Wis. (TheStreet) -- The traders of CNBC's "Fast Money" think the U.S. stock market is setting up to trade lower after negative sentiment ruled the day on Tuesday despite relatively strong economic data.

Guy Adami told viewers that stocks don't lie -- people do. He said Tuesday's bearish action in the stock market is just a prelude of things to come. Adami set a price target for the S&P 500 of 970, possibly even 905.

Tim Seymour mentioned that the selloff was significant because it happened on a day when the volume was heavy and the ISM manufacturing index exceeded Wall Street expectations.

Joe Terranova was surprised that the market didn't see asset allocation on the first day of September. He said the market is going to pull back after failing to trade higher on bullish news. Terranova also reminded viewers to watch how Goldman Sachs(GS Quote) trades because the action in this name will tell you which way the market is heading.

The crew has recently highlighted trading ideas that play off the technology sector, fertilizer sector and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.

Fast Money's Tech Stocks for All Seasons: The traders think you can play tech for all seasons due to the coming corporate upgrade cycle. On last Thursday's "Fast Money" show, Joe Terranova told viewers: "The technology sector is void of contagion." Fast Money's Tech Stocks for All Seasons include Seagate Technology(STX Quote) and Western Digital(WDC Quote).

Fast Money's Fertilizer Trades: Is it time to jump into the fertilizer sector? On Wednesday's "Halftime Report" segment, Tim Seymour told viewers: "I think ag is a fundamental story. But beyond that it's also a takeover play." Fast Money's Fertilizer Trades include Vale(VALE Quote) and Potash(POT Quote).