The markets sold sharply after opening nicely higher. This sell off is interesting because of many reasons. Most people would assume oil must be running sharply higher intra day. However, that is not the case. The United States Oil Fund LP (NYSE:USO) is trading at $42.63, +0.30 (+0.71%). Oil is off the highs but still not helping the markets bounce. The SPDR S&P 500 ETF (NYSE:SPY) finds itself trading at $131.95, -0.52 (-0.39%). The high of the day was $133.16.