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NYSE trader: Today's crude oil rally is a dead cat bounce

Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves as crude rallies over 2% following a near 10% drop over two weeks.

Here's the performance of S&P 500 energy sector stocks as of 1:30 pm ET:

ANDV Andeavor 2.59%

APA Apache Corp 3.92%

APC Anadarko Petro 5.05%

BHGE Baker Hughes a GE Co Cl A 3.18%

CHK Chesapeake Energy Corp 5.61%

COG Cabot Oil & Gas Corp 3.17%

COP ConocoPhillips 4.55%

CVX Chevron Corporation 3.42%

CXO Concho Resources Inc 3.03%

DVN Devon Energy 3.33%

EOG EOG Resources 3.10%

EQT EQT Corporation 3.07%

FTI TechnipFMC plc 4.27%

HAL Halliburton Co 1.81%

HES Hess Corporation 3.80%

HP Helmerich & Payne 2.88%

MPC Marathon Petro Corp 3.25%

MRO Marathon Oil Corp 4.59%

NBL Noble Energy 3.99%

NFX Newfield Exploration 6.13%

NOV National Oilwell Varco Inc 2.54%

OKE Oneok Inc 2.68%

OXY Occidental Petro 3.20%

PSX Phillips 66 2.40%

PXD Pioneer Natural Resources 3.85%

RRC Range Resources 3.87%

SLB Schlumberger Ltd 2.50%

VLO Valero Energy 2.66%

WMB Williams Companies 1.82%

XEC Cimarex Energy 4.84%

XOM Exxon Mobil 3.98%