Reason: ECO kept giving back the tanker-trade premium: -8.3% on the week, on top of last week's -7.92%, though it's still +164.43% on the year and +49.8% against its 200-day. CVI eased too (-4.04% week, RSI down to 69.5 from 71.6). BE remains the quiet real story: +8.69% week, +320.29% on the year, and its own pull now carries a September 21 item on Oracle reaffirming its 2.4 GW Project Jupiter fuel-cell deal even as a pipeline delay and force-majeure notice raised concerns. CEG (+3.36%) and TLN (+4.15%) bounced modestly but both remain structurally broken. GEV was flat-to-up (+1.84%). Roster unchanged.

Price/RSI Table

Status reads the 200-day trend first and RSI second; Action is a trend-hold lens — an extended name is never an entry, and a name below its 200-day with a negative year is not a dip.

What Changed Since 2026-09-23

• ECO: -8.3% week (a second straight down week after -7.92%), +25.08% month, still +164.43% year and +49.8% against its 200-day. Its own pull remains stale since September 16 — the cause is still the desk's own coverage of the Hormuz-reopening diplomacy reported in the September 21-22 briefs, not a dated item in ECO's own file.
• CVI: RSI eased to 69.5 from 71.6, -4.04% week, +62% against its 200-day — the pullback is real but the structure (62% above its 200-day) is still fully priced. No new dated cause; its pull is stale since September 16.
• BE: +8.69% week, +32.3% month, +42.2% against its 200-day, +320.29% year. Its pull (refreshed September 25) carries a September 21 item — Oracle reaffirmed its 2.4 GW Project Jupiter fuel-cell deal even as a pipeline delay and force-majeure notice raised concerns — and a September 20 item on Clear Street raising its price target to $330 from $290. Both dated, neither new to this specific week's move beyond continuing to support the trend.
• CEG (+3.36%) and TLN (+4.15%) both bounced modestly; CEG's pull (refreshed September 19) still only carries the same September 17 items already on file, TLN's (refreshed September 19) the same September 18 item — no new dated cause for either. Both remain below their 200-days.
• GEV: +1.84% week; its pull remains stale since September 11 — no news pulled for this week's move.
• Roster unchanged since September 23: no entrants, no dropouts.

Sources

• Tape data (price, RSI, returns, one-year change and alpha, distance to the 200-day): pre-computed summaries as of the 2026-09-25 close — energy (Schwab).
• Prior edition (format and roster only): 2026-09-23-energy.
• News checks: latest (pulled 2026-09-25), .../CEG/news/latest.json and .../TLN/news/latest.json (pulled 2026-09-19), .../ECO/news/latest.json and .../CVI/news/latest.json (pulled 2026-09-16, stale for this week's move), .../GEV/news/latest.json (pulled 2026-09-11, stale).