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It's possible, but unlikely, as we've yet to see the commodity complex hold gains forged in a bull market.
Many quality chip stocks now seem to be pricing in a massive downturn, rather than just a typical down-cycle.
Let's check out the charts of the specialty retailer hit by lowered guidance.
However, I'm anticipating some bounces and increased volatility this afternoon as money managers make last-second moves to close out the second quarter.