US equities remain choppy, if mostly leaning upward. Meanwhile, WTIC is currently +0.5% in the $71s. The energy sector ETF of XLE is currently net lower for the week by -0.1% at $81.25.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $71.50, but looks distinctly ‘tired’ with the main market. Oil bulls need some positive news like a re-fill of the SPF, or maybe just another threat by the house of Saud.
XLE: energy stocks are broadly flat… set for a fractional net weekly decline. The sector remains m/t broken.
*If I thought the main market had floored, I’d quietly hold OXY, SLB, DVN, KMI, MRO, RIG, XOM.
notable stock: OXY
Reflective of the sector.
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notable stock: CHPT
Chatter about the shift to adopt Tesla’s charging standard.
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Equities: sp’60min
Chop chop. Ongoing price action is supportive of my original notion to just wait until after the long weekend.