Oil Drops and Stocks Chop

Oil Dropped. There was a run-up last week due to bombing of an oil pipeline in Iraq.

I tried out the new feature in quotetracker today, comparing multiple symbols at once.Noticable divergences seen between financial and oil sectors. XLE was weak due to the drop in Oil and Financials provided support until the Oil complex closed.

XLE Chart

Comparing YM and ES against ER2. Noticable bullish divergence in ER2 mid-day that corrected before market close.