When is a great time to buy stocks? Usually when markets are getting sold hard, says Lucas Downey of Mapsignals.com.

Markets are reaching oversold levels we haven't seen since the pandemic lows. Selling has been off the charts. That's exactly when investors want to be shopping for deals. Our research looks at high-quality stocks feeling near-term pressure. 'Tis the season to buy oversold stocks!

Disclosure: Luke holds long positions in Digital Turbine, Inc. (APPS), Celsius Holdings, Inc. (CELH) & Upstart Holdings, Inc. (UPST) in managed accounts, and holds long positions in APPS and UPST in personal accounts.

To learn more about Lucas Downey, visit Mapsignals.com.