The early bounce is holding up so far, but market participants are not yet confident enough to chase strength. The longer the indices stay green, the more buyers it will attract as they will grow fearful that they are missing out on a bottom. But this is a nervous market right now, and they will hit the sell buttons quickly if things start to struggle.
I'm doing a little nibbling on some names I like that appear to have support - Genius Sports (GENI) and Ocular Therapeutix (OCUL) - have pulled back substantially from recent highs and are steady on light volume.
Crucial to this market now is that the price action stays strong enough to cause some market players to believe it is ok to start building up some positions. The buying is starting to fade, but the key is that the lows from yesterday do not come into play.
There are many stocks that I would like to buy, but the price action is still not strong enough to justify major buying.