US equities remain choppy, if mostly a little higher. Meanwhile, WTIC is currently +0.3% in the low $62. The energy sector ETF of XLE is currently net lower for the week by -0.5% at $86.88.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $63.34… if cooling back to the $62s. Net bearish with the main market into Oct’
XLE: energy stocks are moderately lower. As for oil… net bearish with the main market into Oct’
notable stock: OXY
Losing the 200dma, as daily momo has turned negative.
–
notable nuclear stock: SMR
Orange gap? Red gap? I’m hoping to pick up… psy’20/red gap.
—
Equities: sp’60min
We’ve a s/t cyclical rollover, with momo prone to turning negative before the close. I am not in the mood to chase lower, not least on concerns that Tuesday might start positive… if the French govt’ don’t collapse on a ‘Confidence vote’.