US equities have seen a sig’ swing lower on an apparent Iranian attack on Qatar. Meanwhile, WTIC is currently -2.6% in the mid $72s. The energy sector ETF of XLE is currently net lower for the week by -0.8% at $87.54.
USO daily
XLE weekly
Summary
WTIC/USO: an overnight high of $78.40, but cooling back to $71.54. The complacency is bizarre though, as matters are broadly worse with each week. A hyper spike >$100 remains an extremely high risk for anyone stupid enough to be short.
XLE: energy stocks broke a new multi-month high, but have seen a sig’ cooling wave… not helped by the main market turning red.
notable stock: OXY
Initial upside, but stalling (again) from the 200dma and green gap.
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notable nuclear stock: SMR
Choppy… if lower for a fourth day. Net bearish to $20
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Equities: sp’60min
New multi-week low. Moderate gains fully eroded… on chatter that Qatar is under attack by Iran.