By Roberto Pedone



) -- The traders of


"Fast Money" are starting to notice some cracks in the market. On Tuesday's "Halftime Report" segment, Katie Stockton of MKM Partners pointed out patterns in the charts show that sentiment in the market has become uncomfortably bullish. She told viewers that the spread between bulls and bears has reached highs that we haven't seen since May 2008. Stockton believes this is a contrarian signal for market players.

She mentioned that the markets could see a pullback in February, and it wouldn't surprise her to see the

S&P 500

trade down to its 200-day moving average, which right now is around 1010. She advised viewers to sell into any strength and avoid the big correction that could be coming. Mike Gurka of Empower said technically the S&P is wedged in between the 100-day and 50-day moving averages. He said a bounce could be coming around 1087.

On Monday's "Fast Money" TV Show, Joe Terranova also warned investors that the market could be vulnerable going forward. He said that he's concerned about whether it is heading toward a deep dive or a series of shallow corrections.

Karen Finerman thinks last week's selloff was an overreaction to Obama's proposed banking reforms (view

Finerman's Portfolio

on Stockpickr). She told viewers that she continues to build her stake in

Bank of America

(BAC) - Get Report

, despite all of the negative headlines coming out of Washington.

The "Fast Money" crew has recently highlighted trading ideas that play off


(AAPL) - Get Report

earnings announcement and new product launch, stocks to buy in the face of the market selloff and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.

Fast Money's Correction Protection Plan Stocks

: The traders highlighted a number of ideas that can help you profit and protect your assets in case of a major market correction. On last Thursday's "Fast Money" show, Pete Najarian told viewers: "Take a look at


(BBT) - Get Report

due to bullish options activity. An unusual amount of BB&T Feb. 30 call volume leads me to believe the stock could make a sharp move higher." The

Fast Money's Correction Protection Plan Stocks

portfolio includes


(STX) - Get Report



(ORCL) - Get Report


Fast Money's Economic Warning Sign Stocks

: The traders have noticed that a number of stocks are acting as "tells" that suggest the economy is starting to look vulnerable. On Tuesday's "Fast Money" show, Guy Adami told viewers: "


(CSX) - Get Report

and the railroads are down. Up until now, the rails have been crushing on their releases, but CSX didn't crush." The

Fast Money's Economic Warning Sign Stocks

portfolio includes

Goldman Sachs Group

(GS) - Get Report


Freeport McMoRan

(FCX) - Get Report


Fast Money's Buys Amid the Selloff

: The crew sees a buying opportunity amid the sell-off that was sparked by fears that China's curbs on bank lending might derail the global recovery. On last Wednesday's "Fast Money" show, Karen Finerman told viewers: "I bought more Bank of America calls. I think it's a great franchise." The

Fast Money's Buys Amid the Selloff

portfolio includes


(JEF) - Get Report


Morgan Stanley

(MS) - Get Report


Fast Money's Options Trades & Activity

: The traders have noticed some unusual options activity in a number of stocks. On last Thursday's "Halftime Report" segment, Jon Najarian told viewers: "



continues to see active buying of at- and out-of-the-money calls. But I wouldn't play the options naked; I'd only do it with spreads." The

Fast Money's Options Trades & Activity

portfolio includes




(AMZN) - Get Report


Fast Money's Apple Trades

: How should you play Apple's recent strong earnings report and iPad product launch? On Monday's "Fast Money" show, Tim Seymour told viewers: "I would not put more money into Apple ahead of the latest creation event. We're less than 5% off the highs, and the tech market looks a little vulnerable. A lot seems to be baked into this stock." The

Fast Money's Apple Trades

portfolio includes

Research In Motion






Fast Money's Best Commodities Trades

: Commodities moved up on Monday largely due to weakness in the U.S. dollar, plus the greenback fell against the euro and a basket of other currencies. What's the trade? On Monday's "Fast Money" show, Joe Terranova told viewers: "In commodities I'm bullish on


(MMM) - Get Report

. I think it goes above $90 a share." The

Fast Money's Best Commodities Trades

portfolio includes





(COP) - Get Report


-- Written by Roberto Pedone in Windermere, Fla.


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Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, 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.