I will be looking for an afternoon fakeout low, and then a reversal. (just a pattern I've seen following a previous day strong close) I will only place long trades tommorow even though there will be a probable gap up fade trade in the morning. Also looking to buy 38% retrace if it retraces that far. I'll be watching homebuilders and SOX tommorow, because they were leading indicators today.
My favorite on the SOX for tommorrow is INTC. Quad processor news, Apple chips, etc. Usually this time of year is fairly strong for the stock. I feel that it still has some room to go up. Im unsure what Marvell will do until earnings announcement.
i think a gap up tomorrow morning followed by a small selloff of 10-30 points on the dow and 3-6 points on the nasdaq....however with the fed minutes at 2pm anything is possible. That will be the market mover tomorrow....