US equity indexes remain very mixed. Meanwhile, WTIC is currently +1.9% in the upper $67s. The energy sector ETF of XLE is currently net higher for the week by +0.7% at $88.03.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $67.88, helped by the late morning rebound in equities, and the dollar seeing moderate gains erode. Tuesday’s black candle failed to play out.
XLE: energy stocks are battling to build broad gains.
*I hold OXY and SMR, looking to drop in around two weeks, with a main market bounce to (at least 5700).
notable stock: OXY
Lagging the sector for no good reason.
–
notable nuclear stock: SMR
Stalling from around key price threshold.
S/t vulnerable with the main market.
—
Equities: sp’60min
S/t momentum is on the high side, with the market increasingly vulnerable to breaking a new cycle low >5528. Not today… but certainly Thursday!