By Chris Becker
A quiet end to the week on Friday night, with US stocks barely moved as they absorb continued mixed corporate earnings while the USD gains strength to strength. Interest rate futures continue to block in a sizeable certainty that the Federal Reserve will raise rates in December. Oil continues to remain poised as more members and non-members of OPEC opine on whether to freeze or cut production, with WTI prices hovering around the $50USD per barrel level again.
As usual for Monday morning, I’ll step back and take a bigger look using the daily and weekly charts.