USO ETF leads losses as SPY ETF falls at Nov 2, 21:00 UTC

Where prices stand

The USO ETF fell 7.08% from the prior close to $156.87 as of Nov 2, 21:00 UTC. The GLD ETF rose 1.63% from the prior close to $361.60. The SPY ETF fell 0.50% from the prior close to $751.91. The UUP ETF fell 0.09% from the prior close to $28.98. Source: Finnhub.

Trend check

WTI Crude Oil is flagged bullish with RSI(14) 53.4; its close is 103.37 versus SMA50 96.61 and longSMA 87.62.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 1, 22:41 UTC); it is not a recommendation.

In the news

CoinDesk reported "Bitcoin traders eye post-election rally as exchange outflows point to supply squeeze." Reuters reported "Sectors bracing for a pivot as US midterm elections loom." cnbc.com reported "Fed will vote on rates less often. What that could mean for borrowers," and CNBC reported "Stock market after midterm elections: What S&P 500 history shows."

• Bitcoin traders eye post-election rally as exchange outflows point to supply squeeze — CoinDesk, Nov 2, 18:13 UTC
• Sectors bracing for a pivot as US midterm elections loom — Reuters, Nov 2, 17:17 UTC
• Fed will vote on rates less often. What that could mean for borrowers — cnbc.com, Nov 2, 17:03 UTC
• Stock market after midterm elections: What S&P 500 history shows — CNBC, Nov 2, 15:41 UTC

What to watch

The Job Openings and Labor Turnover Survey is scheduled Tue Nov 3, 15:00 UTC. The International trade balance (BEA/Census) is scheduled Wed Nov 4 (time not confirmed). Weekly jobless claims (DOL) is scheduled Thu Nov 5 (time not confirmed). The Bank of England rate decision and Monetary Policy Report is scheduled Thu Nov 5, 12:00 UTC. Productivity and Costs is scheduled Thu Nov 5, 13:30 UTC.

• Tue Nov 3, 15:00 UTC — Job Openings and Labor Turnover Survey (US) (source)
• Wed Nov 4 (time not confirmed) — International trade balance (BEA/Census) (US) (source)
• Thu Nov 5 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
• Thu Nov 5, 12:00 UTC — Bank of England rate decision and Monetary Policy Report (GB) (source)
• Thu Nov 5, 13:30 UTC — Productivity and Costs (US) (source)

Sources and data

• CoinDesk (secondary source) — Bitcoin traders eye post-election rally as exchange outflows point to supply squeeze
• Reuters (secondary source) — Sectors bracing for a pivot as US midterm elections loom
• cnbc.com (secondary source) — Fed will vote on rates less often. What that could mean for borrowers
• CNBC (secondary source) — Stock market after midterm elections: What S&P 500 history shows
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Bureau of Labor Statistics (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Bank of England (primary source) — calendar
• Federal Reserve (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar

Market data as of Nov 2, 21:00 UTC; report generated Nov 2, 21:10 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.