USO

 As mentioned yesterday, USO was very close to some decent support, it tagged that support this morning and bounced up to fill the gap.

 USO initially got some support from the Euro (red)

As the market is trading with the Euro as well (SPX green/ Euro orange).

However the 3C 1 min chart is starting to fall, USO may be worth a short here on an intraday trade with a stop above today's intraday high of $38.25, a little bounce toward $38.20 would make for a nice entry. You may want to consider SCO for leverage.

Actually as I write this, USO is moving toward the $38.20 area, which would bring your risk way down. I'd wait for the reversal to the downside before entering. I'd look for an initial target near support and then place a trailing stop on USO, we'll see what that is if we get there.