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'Fast Money' Portfolios of the Week

Here's what the 'Fast Money' crew's been talking about lately.

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By Roberto Pedone

PEWAUKEE, Wis. (

TheStreet

) -- The traders of

CNBC's

"Fast Money" are starting to get worried that the falling dollar and rising oil prices could put a dent in U.S. stock prices. On Wednesday's "Halftime Report," Brian Kelly of Kanundrum said he's concerned about the current level of the

S&P 500

. He pointed out that higher oil prices will lead to higher prices at the pump, which could hurt consumer spending across the board.

Jared Levy of Peak6 mentioned that the VIX is trading at 52-week lows. He explained that this shows the market is complacent and said investors should consider put protection if stocks continue to move higher. Tim Seymour said he's watching the S&P 500 closely now that it's traded 20% over the 200-day moving average.

Karen Finerman was surprised that the market didn't go up on Tuesday since it had every reason to trade higher. She mentioned that there's no panic in the market, but money still continues to come in from the sidelines.

Joe Terranova told viewers that the commodity story will be "the story" until the end of the year. He told viewers to play it with long positions in

Joy Global

(JOYG)

and

Bucyrus

TheStreet Recommends

(BUCY)

, because he feels they're great plays on a global recovery.

The crew has recently highlighted trading ideas that play off the winter weather outlook, earnings season and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.

Fast Money's Black Gold Trades

: Is oil about to rally big, just like gold did a few weeks ago? What's the trade? On last Friday's "Fast Money" show, Joe Terranova told viewers: "I do think oil continues to rally. And I'd play it with the oil services names as well as the refiners." The

Fast Money's Black Gold Trades

portfolio includes

Weatherford

(WFT) - Get Weatherford International plc Report

and

Halliburton

(HAL) - Get Halliburton Company Report

.

Fast Money's Momentum Stock Plays

: The traders highlighted a number of stocks that have big momentum and could beat the Street this week when they report earnings. On last Friday's "Fast Money" show, Joe Terranova told viewers: "I think the momentum in the market continues. And I think the following companies will send the bulls off and running." The

Fast Money's Momentum Stock Plays

portfolio includes

Freeport McMoRan Copper & Gold

(FCX) - Get Freeport-McMoRan, Inc. Report

and

Schlumberger

(SLB) - Get Schlumberger NV Report

.

Fast Money's Winter Weather Outlook Trades

: Temperatures in the Northeast and Midwest are off to a very cold start for this fall season. However, oil and gas prices have barely moved. What's the trade? On last Friday's "Fast Money" show, Pete Najarian told viewers: "If you want to take the other side of that trade and get long nat gas, I'd do it with

BP

(BP) - Get BP Plc Report

." The

Fast Money's Winter Weather Outlook Trades

portfolio includes

Oil Services HOLDRs ETF

(OIH) - Get VanEck Oil Services ETF Report

and

PowerShares DB Agriculture Fund

(DBA) - Get Invesco DB Agriculture Fund 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

MGM Mirage

(MGM) - Get MGM Resorts International Report

Dec. 13 calls traded on Monday combined with the volume of

Las Vegas Sands

(LVS) - Get Las Vegas Sands Corp. Report

Jan. 19 calls traded on Tuesday suggest that these shares could make a sharp move higher." The

Fast Money's Options Action

portfolio includes

Google

(GOOG) - Get Alphabet Inc. Class C Report

and

Human Genome Sciences

(HGSI)

.

Fast Money's Earnings Stock Trades

: The traders know just how to play this earnings season. On Tuesday's "Fast Money" show, Guy Adami told viewers: "Clearly the stock has had a nice run. I'd take a wait and see approach to

Morgan Stanley

(MS) - Get Morgan Stanley Report

." The

Fast Money's Earnings Stock Trades

portfolio includes

Apple

(AAPL) - Get Apple Inc. Report

and

Yahoo!

(YHOO)

.

-- Written by Roberto Pedone in New York.

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At the time of publication, author had no positions in stocks mentioned.

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.