Written by Roberto Pedone
PEWAUKEE, Wis. (
) -- The traders of
"Fast Money" see problems with future economic growth after China announced it had instructed some big banks to curb their lending practices. The crew is also concerned about the debt problems in Greece after the euro fell to a five-month low against the U.S. dollar. On Wednesday's "Halftime Report" segment, Tim Seymour told viewers that the
is sitting on the 20-day moving average at 1128. He said this is a key level, but it will probably hold.
Strategic investor Dennis Gartman said the dollar is acting bullish and that as a result, commodities prices will continue to be pressured. With this in mind, he thinks that companies that are live stock producers such as
will be winners, as well as ethanol producers. Gartman also said that the stock market will remain under pressure as the dollar continues to trade higher.
Scott Nations of NationsShares said that he's watching the 1114 level on the S&P, which is also the 50-day moving average. He pointed out that 1114 has been support for the market since late July, and if we break below that level, the market will be in trouble. Jared Level of Peak6 recommended buying downside puts and selling upside calls before the S&P falls below the 50-day moving average. He warned investors who are getting long to proceed with caution.
The "Fast Money" crew has recently highlighted trading ideas that play off the special election in Massachusetts, earnings announcements and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.
: Recently, the traders spoke with Daniel Clifton of Strategas Research for his list of winners and losers off of the special election in Massachusetts. On Tuesday's "Fast Money" show, Clifton told viewers: "I am bullish on
Goldman Sachs Group
if Coakley is defeated, because President Obama has put forward a tax on financial companies. If a Republican wins, that new tax is much less likely." The
: The traders have noticed some unusual options activity in a number of stocks. On Friday's "Fast Money" show, Pete Najarian told viewers: "I have spotted unusual options action in
Health Care SPDR
. The activity leads me to believe that investors are all hyped up on the space." The
: How should you play China now that
has threatened to pull out of the country? On Tuesday's "Fast Money" show, Zach Karabell of RiverTwice Research told viewers: "If you want to play China's growth, I'd do it with domestic Chinese new economy companies and old economy U.S. companies leveraged to the growth." The
Shanda Interactive Entertainment
: With a number of big earnings reports set to hit the Street this week, how should you be positioned? On last Friday's "Fast Money" show, Tim Seymour told viewers: "I'm bullish on
; the results should be strong. The recent drop was a buying opportunity. I'm a buyer at $550. And for what it's worth, I don't think they're leaving China." The
Freeport McMoRan Copper & Gold
: With security and cyber-security grabbing the headlines twice in two weeks, what stocks should you put on your radar? On last Wednesday's "Fast Money" show, Joe Terranova told viewers: "I'm watching
: China announced it will begin to curb lending practices in order to fight rising inflation. How should you trade this trend? On Wednesday's "Halftime Report" segment, Tim Seymour told viewers: "The resource names are most vulnerable to this. The group could fall as much as 10% from here." The
Aluminum Corp. of China
-- Written by Roberto Pedone in Pewaukee, Wis..
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