US equities are slowly cooling back. Meanwhile, WTIC is currently +2.1% in the upper $63s. The energy sector ETF of XLE is currently net higher for the week by +1.4% at $88.57.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $64.08, helped by the somewhat positive main market. Broadly… its all chop. Vulnerable with the main market… post fed.
XLE: energy stocks are choppy, if sig’ higher. Vulnerable with the main market… post fed.
notable stock: OXY
Leading the sector upward.
My only s/t concern is the main market into the Fall.
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notable nuclear stock: SMR
Faded gains, for what has been s/t broken since the $53s.
Target 25… secondary psy’ 20
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Equities: sp’60min
Choppy cooling. S/t structure is a bull flag.