The U.S. oil production glut many analysts anticipated hasn't occurred and senior contributor Dan Dicker tells TheStreet's Joe Deaux this isn't a surprise. Dicker says WTI crude won't be headed toward $80 a barrel and says this year, unlike 2013, investors should focus on exploration and production companies for value in the energy space. Companies like Cimarex, Concho Resources and Continental Resources report quarterly earnings soon, and Dicker says a miss in expectations could present a buying opportunity.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.