Let's review the charts and indicators.
BBBY just released the firm's first quarter financial results. It reads like fiction.
Support levels have held and need to stay in that condition.
In past years the Tax Loss Selling Recovery Portfolio has performed pretty darn well versus the broad indexes; that isn't the case this year.
The shares are in a sharp downdraft from their zenith in October.
It wasn't a pretty day for most tech stocks, but it wasn't a disaster, either.
A rally could soon unfold.
The technical indicators of the provider of human resources and payroll services are not favorable at present.
All of the talk around recession that had abated, at least for a day, returned with a vengeance, supported by a Cathie Wood interview.
There may be some short-term trades and perhaps a few buying opportunities of unfairly hit stocks, but it just isn't the time to be active.