By Roberto PedoneWINDERMERE, Fla. ( Stockpickr) -- The traders of CNBC's "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), despite all of the negative headlines coming out of Washington. The "Fast Money" crew has recently highlighted trading ideas that play off Apple's ( 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.
Twitter and become a fan on Facebook.