bob dasani is on the floor live watching the action. going to see -- >>. >> reporter: august is lousy for stocks the bulls are hopeful they can compound all the expectations and pull out another monthly advance. the hope here is that any profit-taking in technology after apple's strong numbers will cause weaker sectors to rotate to the forefront. so rotation centers right now around energy and financial stocks can the plan work? maybe. so for oil stocks, the key is to get moving we need oil consistently over $50. so after being stuck in the $42 to $45 range for months, oil is now trading in the $45 to $50 channel. the energy stocks have begun to respond. look at names like chevron and schlumberger are off the july lows, but they are tentative with oil sitting right below $50. the other key to getting financials going is to get a modest breakout in short-term rates and to get president trump talking more about deregulation expansion, which is what moved them to begin with almost a year ago. expectations for a modest rise in rates have al