After months of accurately calling for declines Carter Worth, Chief Market Technician at Oppenheimer is now seeing a bounce.
You can still buy a bear market rally, explains Worth on CNBC's "Closing Bell." Is this a bounce that lasts 4 hours or 4 days – nobody knows. What I do know is you don’t sell on a day like today (Tuesday).
How do you play it?
Avoid stocks with established downtrends (typically financials and retailers) and instead seek out strong stocks in well defined uptrends that have sold off sharply and have snap back potential, Worth says.