Oil Stock ETFs See Reversal on Big Volume

Even with oil up nearly $5 yesterday, oil stocks sold off sharply towards the end of the day.  Below we highlight two leveraged energy stock ETFs that saw their biggest one-day volumes ever yesterday on big price reversals.  DUG is the Ultra (2X) Short Oil & Gas stock ETF, while DIG is the Ultra (2X) Long one.  As shown, the inverse oil stock ETF (DUG) was up yesterday while DIG was down.  We put out a note to Premium members earlier highlighting that this is the first time since February 2005 that energy stocks were down more than 1% while oil (the commodity) was up more than 3% on the day.  Does yesterday's selloff in energy stocks signify the start of rotation out of these names or just one day of profit taking?