USO Recovery

The market seems a bit range bound as the broad indices have oscillated around unchanged for the day. However, two sectors, oil and financials, have been particularly active. The long XLF/short USO was a good trade (USO down to 90.95 at 11:30 and XLF topped out around 20.28) but has since reversed course. They don't seem to want to shoot to hard to the upside or downside similar to the broad indices, but I'll continue to watch to see what happens as the day goes along.