Holding Steady

Despite the fact that the market is up yet substantially today, I am not covering any of my short positions. I am holding out purely for one reason: Oil. It is up a dollar and nobody cares. I feel like it deserves some sort of recognition and the market should pull back some from here. This is especially true given the Feds stance that higher commodity prices = inflation which equals more rate hikes. Seems to make sense to me.