US equities remain choppy, currently leaning on the weaker side. Meanwhile, WTIC is currently +1.3% in the $40s. The energy sector ETF of XLE is currently net lower for the week by -0.4% in the $30.08s.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $39.71… pressured by the weak main market, and the higher dollar. The recent $36s appear set to be tested.
XLE: energy stocks are still net lower for the week.
notable stock: XOM
Exxon is catching a very significant bounce. Earnings are due next Friday, Oct’30th, when a div’ cut could be expected.
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Equities: sp’60min
Price action remains messy, as the market wants to hear something positive on stimulus.