These situations in the market are exactly why investors and traders alike need to be able to focus on technical measures to identify opportunities. We like to refer to it as "trading by instrument." Much like a pilot flying through cloud cover finds the need to fly according to the gauges on their dashboard, investors need to use technicals to trade when the fundamentals get cloudy.
With that in mind, we're closely watching our gauges for trading opportunities. At this time, keeping an eye out for technically oversold stocks that are still trading above their respective 100-day moving averages is a great way to find potential trade opportunities.
To give you an idea of how much that filter cuts down the market right now, of the 2,300 or so optionable stocks trading in the market, only 104 of them meet this criteria. The top 20 of those stocks (and ETFs) ordered by average trading volume are listed below.