Dec 5 bounces down - Some see upside exhaustion

On Dec 5 pullback: Katie 'Elf' Stockton:

I'M NOT ENTIRELY CONVINCED  THIS IS THE START OF THE  REVERSAL OF DOWN, BUT IT  CERTAINLY DOESN'T HELP THE  INDICATORS  - WE HAVE SHORT-TERM MOMENTUM  FALLING OFF A BIT IN HERE.  IT'S STARTING TO IMPACT OUR  SHORT-TERM GAUGES TO SOME  DEGREE, BUT NOT ON A WIDESPREAD  BASIS YET.  

NATURAL GAS IS LOOKING OVER  DONE ON THE DOWNSIDE BASED ON  THE INDICATORS AND WCI CRUDE OIL  HAS GOOD SUPPORT IN THE $70 TO  $75 PER BARREL RANGE  I THINK THERE'S A FLOOR TO THIS  WEAKNESS AND THE ENERGY STOCKS  WILL BE ABLE TO RESUME THEIR  LONGER TERM UP TREND OF  OUTPERFORMANCE. BUT NOT TOO DEGREE SEEN THIS YEAR (60%)