Traders look for momentum during flat trading day

The "Fast Money" traders weighed opportunities in the market after a relatively flat trading day Tuesday.

The S&P 500 gained only 3 points during the session, while the Dow inched 24 points.

Trader Steve Grasso said he boosted his position in the SPDR S&P 500 ETF Trust because he believes the market will continue to go higher.

Trader Karen Finerman said she reduced her call positions in United Airlines and American Airlines because they've had "enormous runs."

Trader Tim Seymour said that there's been a "huge pullback" in mining stocks and that commodities had a tough session on Tuesday. He said investors should "pick their levels here because these are going to be bought."

Trader Pete Najarian said he bought stock of semiconductor company Xilinx. The technology heavy Nasdaq posted a fresh all-time intraday high of 5,403.86 on Tuesday.


Disclosures:

PETE NAJARIAN

Pete Najarian is long calls: BLL, BZM, CNX, CS, DISH, ETP, FTR, GLUU, KMB, MRO, MT, MUR, NKE, RIO, STX, TV, TWTO, TWTR, WFT, EEM, XLF, long stock: AAPL, BAC, BLL, DIS, DISCA, GE, KMI, KMI.A, KO, LUX, MRK, MSFT, PEP, PFE and owns CAT puts.

STEVE GRASSO

Steve Grasso's Firm is long: VIRT, WDR, FCX, ICE, KDUS, MAT, MJNA, NE, OLN, RIG, TAXI, TITXF, WDR, ZNGA, CUBA, HSPO, ICE, MJNA, TITXF. Grasso is long: BA, CC, CHK, EEM, EVGN, GDX, KBH, MJNA, MON, MU, OLN, PFE, PHM, SPY, T, TWTR. His children own: EFA, EFG, EWJ, IJR, SPY. No Shorts.

KAREN FINERMAN

Karen Finerman is long AAL, BAC, BAC short calls, C, DAL, FB, FL, GOGO, GOOG, GOOGL, JPM, LYV, KORS, KORS calls, KORS puts, M, MA, SEDG, SPY puts, UAL, URI, WIFI long call spreads. Her firm is long ANTM, AAPL, BAC, C, C calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, PLCE, SPY puts, URI, WIFI. Her firm is short IWM, MDY. Finerman is on the board of GrafTech International.

TIM SEYMOUR

Tim Seymour is long ABX, APC, AVP, BAC, BBRY, CLF, CVX, DO, DVYE, EDC, EWN, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD,MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, T, TWTR, VALE, VZ, XOM. short: EEM, SPY, XRT. His firm is long ABX, BABA, BIDU, CBD, CLF, EEM, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, TCEHY, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM