US equities are moderately lower. Meanwhile, WTIC is currently +0.9% in the mid $63s. The energy sector ETF of XLE is currently net higher for the week by +0.7% at $86.17.
USO daily
XLE weekly
Summary
WTIC/USO: oil printed $63.50, which is more impressive relative to red equities, and the moderately stronger dollar. Broadly… its all chop, as the OPEC members don’t seem to care about low prices.
XLE: energy stocks are a little choppy, holding up relative to the main market.
notable stock: OXY
Still stuck under the 200dma.
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notable nuclear stock: SMR
Original target of the $25s looks on track.
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Equities: sp’60min
A failed bounce attempt, as we’re back to moderate declines.
A close <6343 would give extra confidence of a red Powell-Friday