Regime Desk

Observation only. Price-rule snapshot as of 2026-11-05. No edge claimed. Not investment advice.

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Oil and gas explorers · XOP

lagging · RS ratio 92.7 · RS momentum 92.2 · 20d RS vs SPY -4.73% · last 174.1 · 2026-11-05

Versus the S&P

No residual setup. Beta -0.9. Residual z -2.06. 20-day residual -5.43%. mid-range on the relative chart. Residual is stretched, but it is not stretched against its own residual trend. No call.

residual-fade-v0. Not a proven edge.

Last 60 closes

Window change -2.8%. Price geometry only. Not an edge claim.

RS trail

  • 2026-10-29 · ratio 101.9 · mom 102.7
  • 2026-10-30 · ratio 105.4 · mom 102.7
  • 2026-11-02 · ratio 100.3 · mom 98.9
  • 2026-11-03 · ratio 98.7 · mom 97.6
  • 2026-11-04 · ratio 91.0 · mom 90.8