Oil Still Struggling

Posted: May 26, 2021 1:31 PM
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Oil Still Struggling

Source: AP Photo/Vahid Salemi, File

Markets are higher, but the prints from major indices are not telling the real story.  While those retail investor favorites are rocking, and consumer discretionary names lead the way, there are pockets of weakness, as four sectors are in the red.

S&P 500 Index



Communication Services XLC



Consumer Discretionary XLY



Consumer Staples XLP



Energy XLE



Financials XLF



Health Care XLV



Industrials XLI



Materials XLB



Real Estate XLRE



Technology XLK



Utilities XLU



Commodities are pulling back, and oil is struggling even after big drawdowns that exceeded expectations.  The question is whether commodities have peaked, as bond yields keep edging lower.

Energy Inventories



Crude Oil

-1.7 million

-1.1 million


-1.7 million



-3.0 million

-1.9 million


There are lots of key resistance points coming up – I’ll discuss on the morning hotline.

Blood Moon and Making Money

If you missed the blood moon, don’t fret, I missed it, too.  The second-best thing is to try and make some money in the greatest money making machine in history – the stock market.