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By Roberto Pedone

PEWAUKEE, Wis. (

TheStreet

) -- A number of the traders of

CNBC's

"Fast Money" believe that the current market rally is deceptive. Guy Adami said that Tuesday's market action was bearish. He believes the market is setting up to go lower this week and possibly into next week.

Steve Cortes agreed with Adami. He expressed concern about the housing data, which he said is seeing most of the gains at the low end while the high end continues to struggle due to problems in the jumbo loan market.

Joe Terranova thinks it's significant that the market didn't trade up even though President Obama tried to talk the market up with his comments on the reappointment of

Fed

Chairman Ben Bernanke and the bullish housing and consumer confidence data.

Pete Najarian seems to be the only bull in the group. He told viewers that Tuesday's market was impressive due to the fact that stocks finished on a positive note after coming off the highs of the day. He thinks all the market is seeing right now is a little profit taking. Najairan also reminded viewers that good trades take profits because stocks can't go up every single day.

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

Fast Money's Hurricane Stock Plays

: Hurricane Bill might have been a lot of hype, but don't forget about the hurricane trade just yet. On last Tuesday's "Fast Money" show, Joe Terranova told viewers: "Trade the refiners that benefit from the price spike but can also keep production rolling after the storm." Visit the

Fast Money's Hurricane Stock Plays

TheStreet Recommends

portfolio, which includes

HolyCrop

(HOC)

and

Imperial Sugar

(IPSU)

.

Fast Money's Swine Flu Trades

: The swine flu trade might be ready to "break out" with winter approaching fast. On Tuesday's "Fast Money" show, Joe Terranova told viewers: "I can't see how the travel industry can hold up for the remainder of the year if the flu is as serious as government scenarios maintain." Visit the

Fast Money's Swine Flu Trades

portfolio, which includes

Wynn Resorts

(WYNN) - Get Wynn Resorts, Limited Report

and

Carnival Cruise Lines

(CCL) - Get Carnival Corporation Report

.

Fast Money's Options Action

: The traders have noticed some unusual options activity in a number of stocks. On Wednesday's "Halftime Report" segment, Jared Levy of Peak6 told viewers: "Call-buying in

Human Genome Sciences

(HGSI)

suggests that this stock could move substantially higher. The bet could be linked to speculation that the company may be a takeover candidate, with

GlaxoSmithKline

(GSK) - Get GlaxoSmithKline Plc Report

rumored to be a likely buyer." Visit the

Fast Money's Options Action

portfolio, which includes

KLA-Tencor

(KLAC) - Get KLA Corporation Report

and

JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. Report

.

Fast Money's Nat Gas Stock Trades

: The traders see opportunity in the natural gas sector. On last Thursday's "Fast Money" show, Karen Finerman told viewers: "I like natural gas over the long term because it is so plentiful and because it's an alternative to oil." Visit the

Fast Money's Nat Gas Stock Trades

portfolio, which includes

XTO Energy

(XTO)

and

Hercules Offshore

(HERO)

.

Fast Money's Clean Technology Trades

: Clean technology is turning into a global business with governments heavily involved. How should you trade this growing trend? On last Thursday's "Fast Money" show, Steven Milunovich, a clean strategist for Bank of America/Merrill Lynch, told viewers: "The shift to this technology is just the start of a 30-to-50 year wave." Visit the

Fast Money's Clean Technology Trades

portfolio, which includes

First Solar

(FSLR) - Get First Solar, Inc. Report

and

General Electric

(GE) - Get General Electric Company Report

.

Fast Money's Energy & Commodity Trades

: How should investors play energy now that crude oil has run into resistance at $75 a barrel? On Tuesday's "Fast Money" show, Guy Adami told viewers: "I think the "

Oil Service HOLDRs

(OIH) - Get VanEck Oil Services ETF Report

could easily slide to $96. I'd play it short with a tight stop." Visit the

Fast Money's Energy & Commodity Trades

portfolio, which includes

Shaw Group

(SHAW)

and

Occidental Petroleum

(OXY) - Get Occidental Petroleum Corporation Report

.

-- Written by Roberto Pedone in Pewaukee, Wis.

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