Stocks and Crude Oil Diverge
09/24/2009 9:20 am EST
Crude oil and the S&P futures have had a similar path for many months. Both peaked on June 11 and then bottomed within a day of each other in July. Since late August, the S&P has made higher highs, while crude oil has made lower lows. Crude is now testing its daily uptrend after Wednesday's sharp drop, making the next few days critical.