7/14/2026

 

August crude oil is the lower chart, notice it hit 78. this morning, after hitting 81 earlier this moring, now, itis 79.90. Well no wonder XOM in top chart never changed much thought the jump in oil appears to hae occurred after the stock market close.

This also illustates my point, it pays to have some sold call protection against a stock position.More on this tomorrow. 

Semi conductors

 Could be a head and shoulders top, or an ongoing correction, see MACD at bottom. 

Magnificent 7 Stocks

 This looks like a top, a wave one down and now 2 up completing. 

Apple and Meta have calmed but NVDA and PLTR are picking up, as said,  as said NASD is not done yet to the upside. 

Yield dropped .25 of a point in the ten year, not a big deal. 

No big change in silver. 

update tomorrow on energy

 

Dennis elam