NEW YORK ( TheStreet) -- The markets opened lower Monday but ended the day mixed.Even though Apple ( AAPL) is up 10% in the past month, Pete Najarian said on CNBC's "Fast Money" TV show that he still thinks there's upside momentum. He cited that there was heavy options buying in the September 500 calls. Steve Grasso disagreed, at least over the short term. He said that with the rally to $470, he would look to take profits near the 200-day moving average. He would again be a buyer around $440. Tim Seymour said the last time Apple broke through its 200-day moving average on the upside was in April of 2009, and that he doesn't think the stock will be able to break through on its first try this year. He added that he was a seller at $505. Karen Finerman thinks the upside momentum will continue since investors still have about a month until the new iPhone launch on Sept. 10. Guest Collin Gillis has a $500 price target on Apple, along with a buy rating. However, he doesn't think the stock will ever get back to its all-time highs. Finerman said that if there's any trade on J.C. Penney ( JCP), it's on the short side. The company reports earnings on Aug. 20. Grasso said he sold Tesla Motors ( TSLA), but definitely wouldn't think of shorting it. Guest Dennis Gartman, editor of The Gartman Letter, said that between buying physical gold or the gold miners, he's a buyer of the miners. He added that it was the first time years it made sense to own the miners from a risk perspective. He said investors could gain exposure to miners via the Market Vectors Gold Miners ETF ( GDX) and exposure to gold through the SPDR Gold Trust ETF ( GLD). But he is avoiding silver because of the volatility. Najarian said he likes the iShares Silver Trust ETF ( SLV) as his way to trade the precious metals because the price fluctuations are typically more extended than that of gold's. F5 Networks ( FFIV) was the first stock on the show's "Pops & Drops" segment; it jumped 3% on Monday. Najarian said there's plenty more upside left.
Caterpillar ( CAT) popped higher by 2% on positive excavator data, but Finerman said that she remains short the stock. Grasso said Sysco ( SYY) is right near short-term support after falling 6% on Monday. If he had to choose, he'd rather be short than long the stock right now. Beam ( BEAM) dropped 2%. Seymour said the stock is still a little expensive at 23 times earnings. Guest Brian Sozzi of Belus Capital Advisors said he continues to dislike J.C. Penney ahead of earnings. Although the possible resolution between hedge fund manager Bill Ackman and the company's board is a good thing, the company fundamentals are still rotten. He prefers Macy's ( M). Seymour added he continues to love Wal-Mart ( WMT), noting that while the stock has underperformed the S&P 500 since its last earnings report, the 50-day moving average has provided support for the stock. Seymour said that investors have been expecting Yum! Brands ( YUM) to turn things around too quickly, but that it's not the case after the company reported disappointing same-store sales growth for the month of July. Grasso said he doesn't expect to be blown away when SeaWorld Entertainment ( SEAS) reports earnings on Tuesday. He said the stock has support at $35, but resistance at $39. The show's "Trade of the Day" is to short Corrections Corporation of America ( CXW). Finerman said prison growth may have peaked, based on the expenses related to incarcerating citizens for minor drug offenses. She also doesn't like the company's new REIT status. Seymour said he likes Deere & Co. ( DE) near $80 per share. Finerman said she thinks General Electric ( GE) will go higher. As the CBOE Volatility Index ( VIX) continues to go lower, Najarian said traders could participate on the long side. The price action is telling investors that the market is in the "pause stage" of the year, but should be more chaotic by September or October. Grasso said United Technologies ( UTX) has been closely correlated to the S&P 500 and that traders should wait a couple of weeks before getting back in. For their final trades, Najarian said to buy Citigroup ( C), Finerman was a buyer of Activision Blizzard ( ATVI), Grasso was a buyer of Potash ( POT) and Seymour was buying the iShares MSCI Emerging Markets ETF ( EEM). -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell Follow TheStreet.com on Twitter and become a fan on Facebook.