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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.

Fast Money's 6 Olympic Stock Plays

: The Olympic Committee has awarded Rio de Janeiro the 2016 games, putting the Olympics in South America for the first time in history. What's the trade? On last Friday's "Fast Money" show, Zach Karabell told viewers: "I like infrastructure. I'd look at

Vale

(VALE) - Get Report

." The

Fast Money's 6 Olympic Stock Plays

portfolio includes

Archer Daniels Midland

(ADM) - Get Report

and

Vivo Participacoes SA

(VIV) - Get Report

.

Fast Money's 3 Fallen Angel Stock Plays

: The traders highlighted some "fallen angel" picks, downtrodden stocks that could spike in the fourth quarter. On last Wednesday's "Fast Money" show, Jon Najarian told viewers: "

Leap Wireless

(LEAP)

is down 41% in the quarter and I think at $19 it's a pretty good buy. At less than half the 52-week high, the stock looks like a bargain." The

Fast Money's 3 Fallen Angel Stock Plays

portfolio includes

Synaptics

(SYNA) - Get Report

.

Fast Money's Righteous Bank Names

: How should investors play the banking sector with so much uncertainty surrounding the space? On last Friday's "Fast Money" show, Christopher Whalen, managing director of Institutional Risk Analytics, told viewers: "Banks can not do well when the economy is shrinking. I think all of the money-center banks will be downsizing dramatically and they're going to have to raise cash." The

Fast Money's Righteous Bank Names

portfolio includes

Bank of America

(BAC) - Get Report

and

Northern Trust

(NTRS) - Get Report

.

Fast Money's Options Action

: The traders have noticed some unusual options activity in a number of stocks. On Tuesday's "Fast Money" show, Pete Najarian told viewers: "The volume of calls trading in the gold miners suggests companies such as

Gold Fields

(GFI) - Get Report

could move higher." The

Fast Money's Options Action

portfolio includes

Brocade Communications

(BRCD)

and

Mylan

(MYL) - Get Report

.

Fast Money's Smart City Stocks

: In a segment called "smart-city" stocks, the traders were asked for their picks of companies that will prosper from the explosive growth from the overhaul of cities around the globe. On Monday's "Fast Money" show, Steve Grasso told viewers: "I like

General Electric

(GE) - Get Report

because it's in 200 countries." The

Fast Money's Smart City Stocks

portfolio includes

Cisco Systems

(CSCO) - Get Report

and

Walter Energy

(WLT)

.

Fast Money's Energy Sector Trades

: The traders see opportunity in trading the energy sector, after crude oil gave up much of its gains on Tuesday afternoon. On Tuesday's "Fast Money" show, Tim Seymour told viewers: "If you're looking to trade the non-dollar chatter about oil, I'd look at

Petrobras

(PBR)." The

Fast Money's Energy Sector Trades

portfolio includes

Apache

(APA) - Get Report

and

National-Oilwell Varco

(NOV) - Get Report

.

-- Written by Roberto Pedone in Pewaukee, Wis.

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Roberto Pedone, based out of Pewaukee, Wis., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also na outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.