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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Jul.20
1:30 PM ET
Monday, 20 Jul 2009
Fast Trades Into Monday's Close

How are the Fast Money traders gaming this market into the close? Following are the “Fast & Furious” trades - hot ways to play today's market moving events.

BUY APPLE?
Apple[AAPL  Loading...      ()   ] is trading higher ahead of its earnings release tomorrow. Should you buy? " I’d collar the trade, counsels Jared Levy of CME. "I’d sell the August 165 call and buy the August 155 call. I’m moderately bullish."


BUY CAT?
Caterpillar[CAT  Loading...      ()   ] is reporting earnings before the bell tomorrow. How should you play? "I hate to chase stocks, but I think the market is saying something about recovery, so I’m a buyer," says Mike Khouw.

BUY OIL?
Oil[US@CL.1  Loading...      ()   ] reverses course on the day, should you get in? "The 50-day moving average is $65.10," explains Addision Armstrong. "If we move through there I’m a buyer."

BUY MERCK?
Merck[MRK  Loading...      ()   ] reporting its earnings before the bell tomorrow, should you get in today?

I don’t know necessarily if you are going to see enough resilience to go in and buy it today”, says Fast Money trader Joe Terranova. “Wait till those numbers come out.”


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TRADE TO GO: Tech sector
Although Texas Instruments[TXN  Loading...      ()   ] is not a bellwether, I’d carefully watch their earnings for what they say about guidance going forward. With Apple doing well with the new 3G phones and Yahoo[YHOO  Loading...      ()   ] to report tomorrow, they are ones to look at." says Joe Terranova.

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CALL THE CLOSE
Mike Khouw? I’m going to stay long
Addison Armstrong? I’m a buyer of crude above $65 and below $63.65 I’m a seller.
Jared Levy? I’m a buyer, but carefully
Joe Terranova? I'm a buyer



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