'Fast Money' Portfolios of the Week

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PEWAUKEE, Wis. (TheStreet) -- The traders of CNBC's "Fast Money" noted on Tuesday that the markets moved higher due to a decision by the Australian central bank to raise interest rates. Tim Seymour said the rally in the U.S. was fueled by Australia and by rumors that Saudi Arabia was conspiring with other petro-producing countries to switch out of the dollar for a new currency in the pricing of crude oil. Seymour told viewers he expects the dollar to break lower, and as a result the U.S. stock market rally should continue to show strength.

Joe Terranova said that investors who think this is an inflation story are wrong. He believes the real story is about fighting deflation. Terranova pointed out that the government is sticking with an easing monetary policy, and due to this policy, they've been successful in reflating the economy.

Pete Najarian mentioned the market is being lead by the financials and technology along with huge volume and increased speculation on upside call options.

On Wednesday's "Halftime Report," Seymour said that investors are cautious ahead of earnings. He mentioned that Wall Street is focused on 1040 for the S&P 500 as a significant level. Seymour thinks if we break this key S&P level, the market could be in for some serious trouble.

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