US equity indexes remain mixed. Meanwhile, WTIC is currently -0.3% in the upper $75s. The energy sector ETF of XLE is currently net lower for the week by -0.9% at $93.07.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $75.28… a weaker perform’ considering the positive main market. Daily momentum is weakening. Today’s candle is a hollow red reversal, and leans s/t bullish.
XLE: energy stocks are leaning weak… restrained by oil. Weekly momentum should be increasingly positive into Feb’.
notable stock: OXY
Battling to settle net higher. Momo prone to turning negative.
I hold… for the 54/55s
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notable nuclear stock: SMR
*Having dropped from the mid $24s, I’d like to buy back 22/21s.
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Equities: sp’60min
Fractional new hist’ high.
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Minor note…
A subscriber kindly forwarded that Ford is mostly lower due to a Barclays downgrade… overweight>equal-weight, 13>11. Talk of Trump tariffs for Mexico & Canada isn’t helping.