We have a little oversold bounce in the early going here on Monday, but traders are lacking confidence and it is limited so far. The thing that is most notable about the action is that Apple (AAPL) is leading it with a gain of around 1.5% while breadth is running slightly negative. Apple has the status of a safe haven play, and money is parked there whenever there is a risk-on environment.
It is important to note that in this environment the action tends to be more index and big-cap driven. When traders want to put money to work quickly to catch a quick bounce, it is easier to do it with an index ETF or a well-known big cap such as Apple. There is no real benefit to individual stock picking when the action is highly correlated.
This bounce doesn't have much energy so far, but the longer that stocks stay green, the greater likelihood that buyers will start to inch in slowly and keep going. That can lead to fear of missing out and a better bounce, but this is not a market where there is much trust. In addition, shorts are very likely to be aggressive at fading these moves because it won't take much to scare the bullish bounce buyers out.
I have a few small trades on my screens, but my main focus is to eventually build larger positions in individual stocks that I favor. I see no reason to do that today.
This is routine bear market action. You either have to trade it with very short-term time frames or just stand aside and wait for the character of the action to shift.