Energy stocks (OSX $264, E&P $495, XOI $1410, XNG $506) – Call it commodity rally going into a holiday week (oil +1.6%; nat gas +2.9%) or call it end of quarter window dressing (OSX +0.7%; XOI +1.0%; XNG +0.6%, E&P +0.8%; SPX -0.2%)…either way energy stocks were up Friday. July 4th likely creates quiet trading week, unless Q2 preannouncements happen. Still worthy of staying on toes.