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 TIVO? With earnings due after the bell, how should you trade TiVo ?
The trade: I’m a seller, says Jared Levy of Peak6. They’ve already run.
BUY BONDS? With 5- year notes hitting the debt market on Wednesday and 7-year note on Thursday, how should you trade bonds?
The trade: I’d be a buyer of the dollar instead, counsels Brian Kelly of Kanundrum. I’d look at the UUP .
BUY DELL? Ahead of Dell earnings how should you play this venerable PC maker?
The trade: I’d stay with this trade, counsels Carter Worth of Oppenheimer. Patterns in the chart look good.
BUY AMERICAN EAGLE? With the RTH up about 10% over the past 3 months, how should you play American Eagle ahead of Thursday earnings?
The trade: I’m a seller, reveals Danille Hughes of Divine Capital. It’s lagged the sector.
TRADE TO GO: TECH PLAY.
I like Marvell Technologies in the tech space, says Jared Levy, because their technicals look strong. I’d buy the stock today and sell the September 15 call ahead of earnings.
CALL THE CLOSE
Jared Levy: I am a seller.
Danielle Hughes: I’m a seller but I’ll come back late week or next week.
Carter Worth: I’m a seller.
Brian Kelly: I’m a seller. This market should be up a lot more on the housing number.
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