NEW YORK (TheStreet) -- The broader markets closed lower once again as traders attempted to position themselves for the fourth quarter and ahead of the drama out of Washington.

On

CNBC's

"Fast Money" TV show, the traders were taking a look at their fourth-quarter game plans. Guy Adami said the

S&P 500

still seems like it will trade down to 1,670, which will be an important level to hold.

Brian Kelly said when the market is at nearly 1,670, traders should start buying equities. He added that gold should do very well in the fourth quarter.

Tim Seymour said the economic data seem pretty good and investors should stick with stocks that will benefit from a recovering global economy and also invest in commodities.

Steve Grasso said that momentum names, including

Tesla Motors

(TSLA) - Get Report

,

LinkedIn

(LNKD)

and

Amazon

(AMZN) - Get Report

, might feel extended, but every sale has been a bad one. He says investors should stay long the market.

Seymour doesn't think there will be a 5% correction in the broader markets for the rest of 2013.

Adami said gold should move higher because of the continued easing from central banks.

Kelly likes

United States Natural Gas ETF

(UNG) - Get Report

and said investors in natural gas appear to be shrugging off a lot of bad news, which is a bullish sign. Investors can play using

Golar LNG Limited

(GLNG) - Get Report

and

Cheniere Energy

(LNG) - Get Report

.

Pandora

(P)

was the first stock on the show's "Pops & Drops" segment. Seymour said traders should be long the stock but wait for a pullback first.

J.C. Penney

(JCP) - Get Report

plunged 30%. Kelly said to absolutely avoid the stock.

Tesla Motors jumped 4% this week. Grasso said traders should continue to stay long.

BlackBerry

fell 8%. Adami said the company's potential takeover story is not good and traders should avoid the name.

Seymour said investors should be cautious regarding the "halo effect" around the Chinese Internet. Specifically, he mentioned

Yahoo!

(YHOO)

for its stake in

Alibaba

, and

Baidu

(BIDU) - Get Report

. He added that he is taking profits.

Adami said he is not expecting anything good from

International Business Machine

(IBM) - Get Report

when it reports earnings, and thinks it could drift down to the $170s.

Grasso remains long on

Qualcomm

(QCOM) - Get Report

because of its growth in smartphones and tablets.

Both Seymour and Grasso, with credit going to Adami for the original idea several weeks ago, said traders should stay long

Facebook

(FB) - Get Report

into earnings and then sell into that strength near the release date.

Nike

(NKE) - Get Report

was the first stock on the show's "Trending Trades." Seymour said it's still a buy but warned of its exposure to a slowdown in the emerging markets, particularly China.

Lumber Liquidators

(LL) - Get Report

fell 7%. Adami has been a fan of the stock but admitted that it's hard to stay long a company that has the government looking into it. He suggested taking profits and exiting the position.

Kelly said he would be a buyer of physical gold rather than the gold miners because of miners' rising input costs. He added that traders should stay long the

SPDR Gold Trust ETF

(GLD) - Get Report

.

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

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Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.