A Diverging SLoB

At a minimum, one reason perhaps not to get your hand caught in the bearish cookie jar here, shorting energy stocks, would be the XLE and OIH hanging in there fairly well. 

While crude oil is taking a shellacking again, with USO down well over 3% today, the likes of major OIH XLE components, such as Schlumberger (or SLoB, as it is known), is not sweating the action too much. 

Playing an energy rally has been a tough task of late. But that does not mean the sector is anything close to an easy short here. Beyond that if SLB moves over $85 I suspect a quick counter-trend bounce can be had. 

In this day and age of social media finance and hyper-aggressive options gurus, the bitter lesson many traders may have to swallow in this market environment is that the best trade is often no trade.