US equities are choppy. Meanwhile, WTIC is currently -1.6% in the $76s. The energy sector ETF of XLE is currently net lower for the week by -2.0% at $90.51.
USO daily
XLE weekly
Summary
WTIC/USO: oil has printed $76.40… which is truly bizarre. The macro-econ bears could argue its a sign of economic stress… and also cite Copper $4.13.
XLE: energy stocks lower with oil.
notable stock: OXY
A third day lower… clearly due to oil $76s
–
notable stock: CVX
S/t alarm bells if the 200dma is taken out.
–
Equities: sp’60min
Choppy… if still net higher.
The micro 5/15min cycles are on the LOW side, as the setup still offers another wave higher to 5610… if not until tomorrow.