'Fast Money' Portfolios of the Week

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By Roberto Pedone

PEWAUKEE, Wis. (TheStreet) -- According to CNBC's "Fast Money" traders, stocks continued to move higher this week, maintaining their strength off the weakness in the U.S. dollar. On Wednesday's "Halftime Report" segment, Tim Seymour said he expects the market to keep going up from here as long as the dollar continues to weaken. He told viewers to watch how the S&P 500 acts at the key resistance level of 1100.

On Tuesday's "Fast Money" TV show, Joe Terranvoa said he thinks the S&P will move north of 1100 this week. Pete Najarian agreed with him, saying the market could experience an explosive move higher if we can crack through resistance at 1100. Guy Adami pointed out that the price action has been encouraging of late but that there was also a lack of volume to support the move higher in stocks.

Adami advised viewers to play financial names such as Raymond James(RJF Quote), which hit a 52-week high Tuesday. He also likes Jefferies(JEF Quote) and Lazard(LAZ Quote) on dips. Terranvoa said investors should stick with best-of-breed names such as Google(GOOG Quote), Apple (AAPL) and Goldman Sachs Group(GS Quote), which he believes will continue to see upside momentum.

The "Fast Money" crew has recently highlighted trading ideas that play off the growing smartphone trend, commodity and weak-dollar plays and three potential takeover targets. Here are some highlights from over the past week as aggregated from the show.

Fast Money's 3 Hot China Plays: The traders see opportunity in playing China. On last Wednesday's "Fast Money" show, Joe Terranova told viewers: "80 million people will live within three hours of Disney's(DIS Quote) Shanghai theme park. Long-term, it's a reason to own Disney, but in the near term valuations are rich." The Fast Money's 3 Hot China Plays portfolio includes Cisco Systems(CSCO Quote).