US equities are cooling back. Meanwhile, WTIC is currently u/c in the mid $65s. The energy sector ETF of XLE is currently net higher for the week by +1.2% at $86.96.
USO daily
XLE weekly
Summary
WTIC/USO: oil continues to churn the 65/66s.
XLE: energy stocks are struggling to stay positive. S/t vulnerable with the main market into Friday.
notable stock: OXY
Reflective of the sector.
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notable nuclear stock: SMR
New hist’ high. My only concern is the main market in Sept/Oct’.
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Equities: sp’60min
We’ve a clear s/t cyclical rollover, as the setup favours the bears into Friday.