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Tuesday Options Outlook: XLE, AKS, COF, XLY, MAT, GD, RTN, HRB

Posted on July 01, 2008

Rebecca Engmann Darst co-authored this article.Energy Select Sector SPDR (XLE) US stocks atrophied today, oozing intobear market ague after showing symptoms high and low for weeks. The culpritsare well-known ongoing and hemorrhaging in the financials and what hastended to feel like horizonless gains for oil. Yesterday s break past$143 for oil prices was met with a swift pullback on suggestion that the U.S.dollar might be nearing the end of its catastrophic ebb against othercurrencies, and lower U.S. demand materializing. The pullback was quicklybacktalked with troubling tensions betwe...

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oil , oil price , trading