I know the term is rather overused but I feel this is a stock pickers market. As far as the overall markets are concerned, I wont be completely bullish until 1207 is crossed. What worries me at the moment is the overwhelming bullish sentiment about Thanksgiving week, that the market just can't go down this week. But again, as long as the support holds, it doesn't really matter if you are in the right stocks. I think the markets are going to be choppy here, so its best to go with momentum stocks, not get too greedy, take profits quickly and losses even more quickly.
Take care and good luck!