Educational use only. Never intended as advice.

Thus far, a rather 'disappointing' Monday, considering the short-term oversold conditions. I believe that the key lies in the Banking Index (BKX), that is definitively oversold by my criteria (long BKX calls today)...

Breadth is neutral to minimally positive, the Tick characteristics I follow are oversold but improving. FXI and EEM have attracted a bid, and some oversold medical plays (BEC, MDT, and AGN) have not. XMSR is another deeply oversold stock that hasn't gotten back on its feet as yet, with a volatility band of .59 and currently down .19.