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Fast Money

Fast Trades Into Tuesday'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 OIL ON DIP?Oil seesawed around unchanged on Tuesday; how should you play this volatile commodity?

I think oil follows stocks and stocks probably have a little more room to the downside, speculates Greg Troccoli of Opalesque.


BUY HOMEBUILDERS? Despite weaker-than-expected data from the National Association of Realtors, the XHB traded higher; should you ride the momentum?


I think there’s still a huge overhang, counsels Patty Edwards of Storehouse. I’d stay away.


BUY ORACLE? Tech giant Oracle reports earnings after the bell Tuesday, should you buy ahead of the release?


Orcale needs more time to digest the Sun acquisition, says Scott Nations of Nationshares. I’m not a buyer.


BUY RIMM?Research In Motion traded higher Tuesday after selling off post-earnings last week, should you get back in?

I started to get my feet wet at $68, says Jeff Tomasulo of SMB, but I’m playing it with a tight stop.

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Trader disclosure: On June 23rd, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;  

Edwards Owns (SH)
Edwards Owns (COST)
Edwards Owns (WMT)
Tomasulo Is Short (GS)