I've Been a Buyer Friday, Making Partial Buys Like I Always Do
It's premature to predict that a low has been made, but plenty of stocks are quite washed-out already and are starting to find support.
Feb 26, 2021 | 12:07 PM EST
A minor positive open was sold, and a breach of Thursday's lows accelerated the selling, but that was the washout needed to create a quick snap-back. The best bounces always occur in the worst markets, and this market has been quite bad lately.
It is premature to predict that a low has been made, but plenty of stocks are quite washed-out already and are starting to find support. Not everything will bottom at once, and many stocks that do find support will continue to languish for a while.