After impressive gains all all the major indexes, the market still has room for alot more. Don't just jump in, you need to have fully develop trades, preferably from you watchlist that you have been mainaining.

I use SwingTracker for these duties that allow me to scan the entire market in seconds. I can't say enough good things about it, particularily in a trending market like what we are experiencing now.

Lastly, retracements are a part of the business and most trades will go against you for some time during the trade. Chose your stop carefully and realistically and manage your money so you always live to play another day.