Hopefully this bounce can last another day or two. I will use market strength tomorrow to deploy a few short plays. A lot of sectors are setting up the same way, so I'll stick to QID and a few select sectors and stocks. Financials, commodities (not oil), tech and China stocks head my list of short plays off bounces.
I like QID here or if it falls into the $54-55 range.
MS looks good on strenght into resistance. It would require a loose stop above the recent gap level.