As the recent energy rally cools off, technical and fundamental traders have very different ideas about what the next move will be.
Oil services stocks have risen nearly 10 percent in the last month, as crude has bounced back 24 percent.
"A lot of the rallies we've seen have been predicated by short covering," he said on CNBC's "Power Lunch." "I think the short-cover rally is over. I think you're going to look back and see these stocks at much lower levels going forward."
Further, Seaburg warns that many of the companies in the OIH look vulnerable ahead of earnings.
"There is a lot of small names that make up that ETF that are at massive risk of missing. So I think there is a lot of concerns out there," he said.
But Rich Ross, head of technical analysis at Evercore ISI, has a very different forecast.
"We think the pullback in crude has created a compelling buying opportunity here," he also said on "Power Lunch."
"We know there's going to be volatility in here. It's not all rainbows and unicorns out there. But you have to take advantage of days like today so you don't feel like you're chasing the move."