US equities are broadly lower, with even the Nasdaq turning red. Meanwhile, WTIC is currently -4.3% in the mid $65s. The energy sector ETF of XLE is currently net lower for the week by -1.4% at $84.84.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $65.27, the lowest since May 2023. The valid concern is an underlying US/global econ-slowdown.
XLE: energy stocks lower with oil and the main market.
notable stock: OXY
A new multi-year low.
I have to wonder if Berkshire/Buffett will add.
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notable stock: XOM
Lower with the sector. Ugly bearish engulfing candle.
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Equities: sp’60min
Yellow gap… dare I say… looks pretty easy, whether tomorrow or Thurs’.