Stocks began the day in selling territory but by midday the losses were being trimmed and the Dow was even trying to get into positive territory. Jason Weisberg of Seaport Securities does not believe this is a situation of buyers jumping into the dip but more that sellers have finished their trading for the day. He believes the current correction has been healthy since it has been a steady drumbeat on modest volume, and he sees no capitulation selling.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

If you liked this article you might like

'Buy the Dip' Action in the Stock Market Is Failing

'Buy the Dip' Action in the Stock Market Is Failing

This Is the Biggest Challenge in the Stock Market Right Now

This Is the Biggest Challenge in the Stock Market Right Now

Did You Just Miss Your Buy-the-Dip Chance in Every Market?

Did You Just Miss Your Buy-the-Dip Chance in Every Market?

Is the Stock Market Due for a Sizable Correction Soon?

Is the Stock Market Due for a Sizable Correction Soon?

Nike's Back With a New Five-Year Plan That Could Be a Slam Dunk

Nike's Back With a New Five-Year Plan That Could Be a Slam Dunk