Energy Stocks, Energy Credit and Crude (XLE)

The XLE is the energy sector of the S&P 500 ETF.
Opening at $79.06, trading as high as $79.35 I repeat our comment from yesterday's "Big Rebound for Energy":

Brent up 4.1% at $62.46 XLE $77.43 Up 3.42 (4.62%).
Thinking we'll see it here or lower a few more times, we're not buying it....

From ZeroHedge:

Just 3 Energy Charts
... but energy stocks are surging...

And while energy credit spreads are tighter, the move in energy stocks is exuberant to say the least.

We are sure stocks are correct... they always are, right?

And there goes crude, WTI down 91 cents at $55.88, the XLE is now in the red by a penny at $77.07.