'Fast Money' Recap: Key Earnings to Watch

NEW YORK (TheStreet) -- The markets were mixed Monday ahead of a big earnings week.

The Dow rose 20.86, or 0.21%, to 9,885.80, while the S&P 500 rose 4.69, or 0.44% to 1,076.18. The Nasdaq fell 0.14, or 0.44%, to 2,139.14.

Joe Terranova said on CNBC's "Fast Money" TV show that the volume was light today as investors prepared to navigate through a big earnings week and hopefully a "positive" settlement above 1076 in the S&P futures.

Karen Finerman said there were a couple of reasons to buy today as some of the financials started to move in anticipation of some big bank earnings, including that of JPMorgan Chase(JPM Quote)on Tuesday.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Guy Adami said he's either getting out of his long position or shorting Alcoa(AA Quote). He noted that Doug Kass, a Street.com columnist, has a big short position on the stock.

Terranova disagreed, saying selling into the strength of a big buy order on the stock, especially from money managers, would be a mistake.

Finerman said the volatility index has reached such a low point that it makes it easier for investors to buy protection to stay in the market and hopefully see stocks move higher.

Melissa Lee, the moderator of the show, shifted the discussion to the weakening dollar and rise in commodities. Terranova said crude oil is poised to break through $75 a barrel.

Tim Seymour said investors are overdoing the dollar move. He said what is happening is a shift toward currency diversification that in no way means that the dollar is "going to the cellar." If anything, he said the yen and euro are overvalued and that he wouldn't be surprised to see a snap-back in the dollar.