Two markets, two directions... SPX & Crude

As noted recently, INO's MarketClub did a masterful job in selling crude near the top and patiently remaining out of the thing until they got a green buy triangle. If I were a trading system user, it would have saved me some ill fated bottom fishing exercise. They are bullish on crude now and correlating that with a bearish S&P view. I am still leaning bullish on the broad market (not with any active positions however, just commodities and a bit of China) but I think Adam's analysis is interesting none the less and heck, maybe he's right. As I write in NFTRH, it is a bear market and you do not give the market the benefit of the doubt in a bear. You make it prove itself.

Anyway, here is Adam's latest video on the subject of crude and the stock market and here is INO's description:

In our new video we are going to be looking at two different markets that are headed in two different directions.

We recently looked at the equity markets and alerted you to some very important levels that we thought the markets would have problems with. Those levels have now been reached and it remains to be seen if we are going to see the kind of market action that we were looking for.

The second market were looking at is the crude oil market. This market has recently come alive to the upside and bear watching.

This is a short video, but it may contain the blueprint for these two markets. No registration is required to watch this video.

Enjoy,

Adam Hewison
President of INO.com
Co-creator of MarketClub.com