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Lehman Brothers Making Market Nervous

The market went on a wild ride Tuesday after opening higher on positive comments from Federal Reserve Chairman Ben Bernanke. He said the Fed still expects the economy will recover during the second half of the year thanks to interest rate cuts, Fed loans to the Financial institutions, and taxRead more

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Marvel Entertainment Hulking Up

Marvel Entertainment (MVL, $35.18, up $1.31) is trading higher today after Standard & Poor’s said the company will soon replace insurer The Commerce Group in the S&P MidCap 400 index which is being acquired by Mapfre. No date of the change has been set. In after-hours trading last night, MarvelRead more

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General Motors Trading Higher

Anheuser-Busch Prepares For Offer

Anheuser-Busch (BUD, $57.78, up $0.32) hit another 52-week high Monday after it was reported that Belgium’s InBev is close to securing $50 billion in its efforts to launch a takeover bid for the company. The stock hit a high of $59 even. Volume was incredible with 13 million shares tradingRead more

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Avant Immunotherapeutics In-Play

Another stock that is doing well today is Avant Immunotherapeutics (AVAN, $18.75, up $4.74) which is up 33% after hitting a high of $19.79 earlier in the session. The company released data showing their cancer vaccine CDX-110 more than doubled the survival time in certain brain cancer patients. The 23Read more

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Exide Technologies Powers Higher

Before the Bell – Drug Stocks

All of these companies presented data at the American Society of Clinical Oncology’s (ASCO) annual meeting in Chicago over the weekend and traders are busy pouring over the results before the market opens. Imclone Systems – (IMCL, $43.58). The stock is down $2.78 to $40.80 in pre-market trading after itRead more

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Eaton Update

Eaton (ETN, $96.68, up $2.42) continues to roll. The stock gained another 2.5% today and is up nearly $8 for the week. I had mentioned the activity building in the June 95 calls (ETNFS, $3.40, up $1.30) when they were trading for $1.80. Trading volume was strong and the stockRead more

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Dell Rocks!

Dell After the Bell

It wasn’t suppose to go this way for Micheal Dell, CEO of Dell (DELL, $21.69, up $0.20). Since returning to the company he founded, Mr. Dell has seen the stock price fall from $31 to a low of $18 in April. Despite expanding dealer outlets for its computers with dealsRead more

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CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.