Following are the “Fast & Furious” trades - hot ways to play Wednesday's market moving events.
DEFLATION SCARE? Well get a reading on the inflation picture with the release of CPI; economists are expecting a reading of 0.1, a decrease from the previous reading of 0.4.
Although we won't see it Wednesday, I think we're in for insane inflation in the years to come, says Tim Seumour. That's why I'm bullish gold , long-term.
OIL IN FOCUS: After oil fell below $50 a barrel Tuesday, we get the crude inventory report from the government.
I think the market is positoned for a bearish report, says Joe Terranova. But we could see up for an upside reversal.
BLUE SKIES, BIG LOSSES: Airline operator AMR reports earnings during the trading day Wednesday; the company is expected to post a loss of 1.62, a 23% increase over last year.
In 1989 I lost a ton of Money in airlines and I've never owned one since, says Karen Finerman.
TAXING TIMES: Don't forget Wednesday is April 15th, the deadline to file your tax returns.
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Trader disclosure: On Apr 14th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (F), (PBR), (CSCO), (FDX), (TCK), (SWC); Syemour's Firm Owns (RIG); Terranova Owns (X), (KCE), (AMGN), (DELL), (IBM), (BP), (BRCM), (POT); Terranova Owns (DIS) Calls, (COP) Calls, (HES) Calls, (JPM) & (JPM) Calls, (INTC) & (INTC) Calls, (XOM) & (XOM) Calls; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (AXP), (CSCO), (MSFT), (RIG); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Owns (BIIB) Call Spread; Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; Finerman's Firm Is Short (MDY), (SPY), (USO), (BAC), (WFC), (BPO), (ERG); Finerman's Firm Is Short (MDY), (SPY), (USO), (BAC), (WFC), (BPO), (ERG)