Trade update

We should have kept our oil trade a little longer ( at least 2 days). When the oil futures crossed over $30 overnight, we had to cut our long volatility trade with a slight loss because of the 96% correlation with oil. We got a little too cute with oil and missed an additional 25% pop today. The market did a nice double bottom bounce from the august lows. Let's see where this ends up. We are currently idle. There is pretty large resistance at S&P 1900. The key will be where the price of oil goes for the foreseeable . Up 18% in 2 days is a very large move. Let's see where this settles out. Enjoy the weekend.