It is easy to become excited about some strength in the market after the recent severe losses and the market is finally showing some technical signs of turning. The longer term (daily) trend is still lower so that means you must be extra careful, but it does look like there are good long side trades for the first time in two weeks. At this point I am long the QQQQ with a stop below the low of the day (39.17). Hopefully I will be raising that stop real soon.