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Fast Trades Into Tuesday's Close

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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.



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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.




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

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




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

Symbol
Price
 
Change
%Change
BB
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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)