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PEWAUKEE, Wis. (
) -- The traders of
"Fast Money" are noticing some bullish activity in stocks despite the negative sentiment swirling around Wall Street. On Tuesday's "Fast Money" TV show, Guy Adami told viewers that he's been clearly wrong about the direction of the markets. Adami said the market is defying gravity, and despite the fact that he doesn't trust the move, it seems that stocks want to trade higher.
Joe Terranova mentioned that there's still a large amount of bearish sentiment in the market and that institutional money managers have to put money to work.
As a hedge fund manager, Karen Finerman echoed those thoughts. Finerman said that right now she is bullish on energy and is looking to buy into the sector at lower prices.
Pete Najarian also likes the action in the energy sector. However, he advised investors to buy puts on
because those options are at the cheapest levels in two years.
The crew has recently highlighted trading ideas that play off of surging oil prices, the top holdings of hedge fund manager David Einhorn and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.
: The traders see opportunity in playing some of the top holdings of hedge fund manager David Einhorn. On last Thursday's "Fast Money" show, Joe Terranova told viewers: "Considering his biggest position is the
SPDR S&P 500
puts, my takeaway is that he doesn't have such a bullish view of the overall market." The
: Crude oil continues to surge higher, and the crew knows just how to play it. On Tuesday's "Fast Money" show, Brad Samples of Summit Energy told viewers: "I think by the end of the year oil is trading between $80 to $90." The
: The traders have noticed some unusual options activity in a number of stocks. On last Friday's "Halftime Report" segment, Scott Nations of NationShares told viewers: "I'm seeing huge call buying in
. That could be a speculative play on the smartphones." The
Energy Conversion Devices
: Gold and copper prices soared higher on Tuesday, pushing up the entire miners sector. How should you trade this trend? On Tuesday's "Fast Money" show, Joe Terranova told viewers: "All these moves are tired to the dollar. If the dollar continues to decline, I think it provides support in the space." The
Alpha Natural Resources
: The traders are closely watching two stocks that are starting to look like turnaround stories. On Tuesday's "Fast Money" show, Guy Adami told viewers: "I think the "At $7.50 it's worth the bet that
is going to turn around." The
: On Wednesday night, President Obama provided Americans with a much more detailed plan about his vision to reform the U.S. health care system. How should you trade the space in the wake of his highly anticipated speech? On Wednesday's "Fast Money" show, Guy Adami told viewers: "I've been watching
, but I'd get out. Right now there's just too much uncertainty." The
-- Written by Roberto Pedone in Pewaukee, Wis.
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