There is a decent bounce in the indices this morning after a 'pause' day on Thursday. Some hope on China trade and more central bank stimulus are providing a catalyst. Also, bonds have reversed back down and that is helping to calm the 'yield inversion' hysteria.
At this point any upside is simply an oversold bounce and should not be trusted to persist. That could change but it is Friday in August and this is not typically a day on which there will be a significant shift in the character of the market.
What I find most notable right now is that there are so few positive chart setups. There are plenty of stocks that could bounce but as far as setups, there just isn't much at all that looks ripe for position trades. Either you must have extremely short time frames or very long time frames. The intermediate-term of a few days to a few weeks is essentially dead at the moment. It is a good idea to have a shopping list but not a good idea to act on it to any great degree right now.
I'm taking a little time off to help my daughter start her college career. The significance of the transition from my little girl to a college freshman is just starting to sink in.
Good luck. Stay patient and don't force things.