US equities are choppy, if very significantly lower. Meanwhile, WTIC is currently -3.0% in the upper $60s. The energy sector ETF of XLE is currently net lower for the week by -2.3% at $76.92.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $58.95, swung to $63.90, if cooling to the $60s. S/t bullish with the main market.
XLE: energy stocks naturally smashed lower with the main market… if also reversing upward.
notable stock: OXY
Printing the $37s, the lowest since Feb’2022, which broadly syncs with the SPX around the Jan’2022 high (4818)
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notable nuclear stock: SMR
Initially -8% or so… spiking to +15%, if cooling back.
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Equities: sp’60min
Price action remains unstable… if a good 150pts above the opening low of 4835. S/t momentum continues to swing toward the bulls.