Not the Deal He Wanted

Thursday Aug 6, 2026 Iran and Oman are still apparenlty tlking ,yes the deal Tsy Secy ad Trump have promised would happen this week. But the outcome does not apepar to be the cone Trump wanted Crude oil closed up 2.80 to 78.02 today. I recommended exiting energy earlier this week ascrude fell to 75. With a deal to open Hormuz, it looked like more suppluy would lower price, well not yet! XLE the energy ETF rose 1.48% today. If this will be the case, Trump goes into the mid-terms with gasoline nationally at $4, here in San Antonio 87 octane is about 3.50. Since Aoril the INDU has soared from 46,00 to 54,500 or so, amazing, investors switching to the index with less not more tech stocks. The Parabolic Stop and Reverse indicator is another Wells Wilder idea of whether to ge in or out of an index or whatever. INDU is still on a buy. NDX is barely a sell as is the NASD Composite. SPX is on a buy. But as noted energy prices are higher. Markets go where they want not where we want. More tis weekend.