The shares have been on a downward path since early April.
Right now, we are spirits in the Materials world.
Let's take a close look at the latest charts and data.
Small-caps and mid-caps are still picking first downs on every play, storming back from a badly oversold condition that has just about normalized.
These favorites of experts are best-of-breed in the energy space.
We got an oversold bounce, but most of the data still leave a lot to be desired.
Psychology data was unmoved by Monday's selloff.
I'm becoming more confident that small-caps have bottomed heading into earnings.
IBM beat expectations and the complexion the overnight mood changed. But will the mood change hold?
In many respects, the Monday's action was a rerun of the standard COVID trade.