US equities are slowly cooling back. Meanwhile, WTIC is currently -1.6% in the upper $61s. The energy sector ETF of XLE is currently net lower for the week by -0.2% at $84.79.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $61.94, the lowest since May 30th. Today’s performance is worse relative to the (mostly) positive main market, and the moderately weaker dollar.
XLE: energy stocks are broadly flat. Weekly momentum is prone to turning negative before end month.
notable stock: OXY
Reflective of the sector.
–
notable nuclear stock: SMR
A vain rally attempt, but resuming lower.
My $25s for Oct’ are looking on track.
Maybe psy’ $20 ?
—
Equities: sp’60min
S/t momo due turn negative.
6400/6350 for OPEX
–
Time for a much needed lunch