NEW YORK ( TheStreet) -- The markets closed mixed as commodity stocks continue to advance. The Dow Jones Industrial Average rose 18.24, or 0.16%, to 11, 428.56 while the S&P 500 added 0.06, or 0.00%, to 1,240.460. The Nasdaq was down 12.63, or 0.48%, to 2,624.91. Joe Terranova said on CNBC's "Fast Money" TV show that the real question Tuesday in the commodity space is whether the commodities can hold onto today's gains. He doesn't believe that will happen and that is why he is shorting gold. Brian Kelly took the opposite view. He's long the metal after what happened in China over the weekend, with the rise in inflation and the reluctance of the central bank to appreciate the yuan. For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
3 Stocks I Saw on TV
Melissa Lee, the moderator of the show, said China is encouraging investors to buy gold rabbit coins. Terranova, though, believed the gold trade is topping out. Guy Adami said one commodity trade that has been working is Walter Energy ( WLT), which he said is still fairly valued. Stephen Weiss said he remains bullish in China and is buying commodities on dips. David Reidel, of Reidel Research, stuck to his call on Friday, when he said he would short the iShares FTSE/Xinhua China Index ( FXI) and buy gold and Hong Kong properties. Commenting on a Virgina court decision challenging a key part of the administration health reform law, Adami said he liked Cerner ( CERN), a company that converts medical records into a digital format. Karen Finerman provided her three top picks for next year. She liked the prospects for liquid natural gas, with rising daily rates and a lack of tankers to handle shipments. Her play: Golar ( GLNG). For the second pick, she delved into the auto-trucks trade. She likes the space because a lot of capacity has been taken out of the market and newly capitalized players and companies emerging from bankruptcy are coming into play. Her play here is Dana Holding ( DAN). Third, she believes M&A activity will pick up steam and is going with Blackstone ( BX) and Goldman Sachs ( GS)