US equities remain choppy. Meanwhile, WTIC is currently +1.9% in the $89s. The energy sector ETF of XLE is currently net higher for the week by +0.8% at $92.82.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $89.29… which is slightly more impressive relative to the weak main market, and the marginally stronger dollar. Yesterday’s black candle failed to play out.
XLE: energy stocks powering upward with oil.
notable stock: OXY
Pushing back above key price threshold.
Yet another reminder… energy stocks are a no-short.
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Equities: sp’60min
Chop chop.
s/t momentum continues to weaken, due to turn negative before the close.
*I hold heavy short, and I want to see <4400 tomorrow.