By Roberto Pedone

WINDERMERE, Fla. ( Stockpickr) -- The traders of CNBC's "Fast Money" are worried that the 200-day moving average on the S&P 500 could become a brick wall for the markets. On Wednesday's "Halftime Report" segment, Brian Kelly told viewers that at these key technical areas, the market can go one way or the other very quickly. He said since the market has run-up very far very fast it makes sense to take a neutral stance or even to consider some short positions.

Melissa Lee pointed out that Doug Kass says almost the same thing. He sent a message out today that explained he's market neutral.

Jon Najarian mentioned that he's still watching 23.38, or the 200-day moving average on the Vix. He thinks that if the Vix can close below that level it will mean the market is heading to the upside. On the flipside, if it doesn't that could be conformation of a triple bottom on the Vix and a market correction could take place.

The "Fast Money" crew has recently highlighted trading ideas that play off the tech sector, mid-term election plays and stocks with unusual options activity. Here are some highlights from over the past week as aggregated from the show.

17 Bailed-Out Banks That Overpaid Execs: Recently, U.S. Treasury Department pay czar Kenneth Feinberg called out 17 companies that took many from the Troubled Relief Program and then overpaid their executives. Some of the companies named included Bank of America ( BAC), Capital One Financial ( COF) and American International Group ( AIG). On last Friday's "Halftime Report" segment, Mary Thompson told viewers: "Feinberg is not asking that the companies repay the money that was handed out during the financial crisis. He is, however, requesting that they voluntarily adopt a break provision that would allow companies to break pay contracts during future financial crises." The 17 Bailed-Out Banks That Overpaid Execs portfolio includes Goldman Sachs Group ( GS) and Citigroup ( C).

Fast Money's Options Trades: The traders highlighted some options trades and unusual options activity in stocks like MGM Resorts International (MGM) and Microsoft ( MSFT). On Wednesday's "Halftime Report" segment, Jon Najarian told viewers: "I have spotted some unusual activity in Chico's FAS ( CHS) stocks with a lot of call buying. The stock has been hammered in the past few months, so maybe people are now betting it will outperform." The Fast Money's Options Trades portfolio includes Waste Management ( WM) and RadioShack ( RSH).

Fast Money's Rest of Tech Trades: Now that most of the tech sector has reported earnings, how should you trade the space? On last Thursday's "Fast Money" show, Pete Najarian told viewers: "I like IBM's ( IBM) story too. But the stock keeps running into resistance. I like a lot of the Apple feeder names such as Xilinx ( XLNX), Altera ( ALTR) and Cirrus Logic ( CRUS). The Fast Money's Rest of Tech Trades portfolio includes Research In Motion ( RIMM) and F5 Networks ( FFIV).

Fast Money's Mid-Term Election Trades: The traders think that one catalyst appears to trump all others as the major market mover. And that catalyst is the mid-term elections. On last Monday's "Fast Money" show, Karen Finerman told viewers: "I'm watching healthcare in the wake of reform. I like Becton Dickinson ( BDX), C.R. Bard ( BCR) and Covidien ( COV). We haven't seen these stocks trade at such a low multiple in quite some time." The Fast Money's Mid-Term Election Trades portfolio includes Market Vectors-Coal ETF ( KOL).

Fast Money's Xmas In July Trades: The traders highlighted a number of stocks like SanDisk ( SNDK) that could make for great holiday trades as summer comes to a close. On Tuesday's "Fast Money" show, Guy Adami told viewers: "I'd look at videogame maker Electronic Arts ( ERTS). It hasn't performed well but it may do better into this Christmas." The Fast Money's Xmas In July Trades portfolio includes Apple ( AAPL) and Activision ( ATVI).

-- Written by Roberto Pedone in Windermere, Fla.
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