US equities are moderately higher. Meanwhile, WTIC is currently -0.7% in the low $65s. The energy sector ETF of XLE is currently net higher for the week by +0.6% at $86.45.
USO daily
XLE weekly
Summary
WTIC/USO: oil has cooled to $64.71. Today’s perform’ is worse relative to the somewhat positive main market. If anything, almost everyone should be thankful for cheap energy.
XLE: energy stocks are sig’ higher… mostly due to the main market.
notable stock: OXY
The fourth day higher of five… but still stuck under the 200dma.
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notable nuclear stock: SMR
Choppy, if powerfully higher.
I’m still guessing net cooling to psy’ $20 this Sept/Oct.
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Equities: sp’60min
New hist’ high of 6347… not entirely surprising, as s/t momentum is increasingly positive.
time for lunch