All Work

Jon C. Ogg

Portugal Dock Worker Strike Adds To Unemployment Injury

Perhaps Portugal can be happy that it is not exactly at the same point as Greece, but things are continuing to look really bad.  The national statistics institute in Portugal released data showing that…

Jon C. Ogg · 14 years ago

Safety-Kleen Going Public via IPO

Safety-Kleen Inc. looks like it will soon be public. The environmental services outfit has filed to sell up to $400 million in initial public offering proceeds. It will be a New York Stock Exchange…

Jon C. Ogg · 14 years ago

S&P Chart Failure Creating Opportunity

The market is looking for direction and we are still on the heels of a rally that has gone for five consecutive weeks now.  This makes those charts more important than ever. Today we…

Jon C. Ogg · 14 years ago

Retail Sales Outpacing All Expectations in July

Retail Sales for the month of July are now out after a much softer than expected report in June. We have already seen some of the same-store sales data with weakness. Or was there…

Jon C. Ogg · 14 years ago

PPI Shows Wholesale Inflation on the Rise

The Labor Department has reported the level of wholesale inflation measured by the Producer Price Index. The reading for the month of July came in at +0.3% on the headline report, but the core…

Jon C. Ogg · 14 years ago

How Low Does It Go? The Ever-Cratering VIX (VXX)

The S&P 500 Volatility Index, also called ‘The VIX’ or ‘The Fear Index,’ is showing to be at some incredibly low levels.  In fact, The VIX just dipped under 14.00 today at 13.97 to…

Jon C. Ogg · 14 years ago

Molycorp Draws S&P Downgrade

Molycorp Inc. (NYSE: MCP) was supposed to be fully funded and almost fully booked for its capacity.  You would never know it if you just looked at the tape.  Now we have some additional…

Jon C. Ogg · 14 years ago

BofA/Merrill Lynch Trims Dell, HP, and Brocade Targets

It was just last week that Bank of America/Merrill Lynch said it was reaffirming the Hewlett-Packard Co. (NYSE: HPQ) was looking good and reiterated its Buy rating after its new higher guidance after updating…

Jon C. Ogg · 14 years ago

S&P Chart Starts Week Fighting Major Gains (SPY)

The market is trying to figure out what to do after 5 weeks of gains. That puts the chartists in charge on a day that is light with news flow. Today we are tracking the…

Jon C. Ogg · 14 years ago

GM Looking to Get Closer with Ally Again

General Motors Co. (NYSE: GM) may soon be much closer to Ally Financial again. An SEC Filing this morning shows that GM, via its wholly owned captive finance entity General Motors Financial Company Inc.,…

Jon C. Ogg · 14 years ago

Groupon Trading Altered by Short Covering Before Earnings

Groupon Inc. (NASDAQ: GRPN) is set to report earnings after the close on Monday. The online coupon website has not been without controversy after its shareholder losses have been massive, with losses of 60%…

Jon C. Ogg · 14 years ago