Indices and Crude Oil Futures

Crude futures appear to be making new highs towards 60/barrel. Nas is technically setting up for a nice downtrend (already started IMO).

A few questions:

What stocks (I don't trade futures) track the NYMEX crude?

What sectors (I'm thinking transports) get hit hardest with rising oil? Anyone want to throw out some symbols?

Since I focus on the nas, what nas stocks respond poorly to higher oil? I've usually seen techs trade lower in the past so I usually stick with those. Any ideas?

Thanks in advance,

Mike

 

I think your best bet for oil are the drillers.

 

Try the XLE and the IYT.


http://finance.yahoo.com/q/hl?s=XLE

http://finance.yahoo.com/q/hl?s=IYT

 

I agree on this one, I think we'll see the Nas trend downwards until about mid-August.

 

wonder if hurricane Dennis will affect crude futures prices in anyway seeing that 35% of US oil comes from the gulf????


guess I will know soon enough