US equity indexes are rather mixed (SPX +0.1%, Nasdaq -0.3%, Trans -1.4%). Meanwhile, WTIC is currently +0.6% in the low $64. The energy sector ETF of XLE is currently net lower for the week by -0.6% at $84.43.
USO daily
XLE weekly
Summary
WTIC/USO: oil is churning the 64/63s… partly restrained by the moderately stronger dollar.
XLE: energy stocks are moderately lower. Weekly momo is prone to turning negative next Monday.
notable stock: OXY
Price action is pretty tight. I could almost understand some looking for a break >200dma, but that still looks far more viable on the flip side of Halloween.
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notable nuclear stock: SMR
NEWS: $500M secondary stock offering.
S/t negative… but a l/t positive.
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Equities: sp’60min
A new cycle high of 6407, if reversing lower, as s/t momentum is STILL weakening.