Editor's Note:

The S&P 500 is up +3% in three days on end of quarter window dressing. It might continue tomorrow or stocks might see a sell the news move as Greece moves to its second vote (the implementation vote) on the austerity program.

If the rally continues then the S&P 500 will probably stall at resistance near its converging 50-dma and 100-dma near 1315, which would likely be followed by some profit taking. The very short-term bounce is quickly approaching resistance at the intermediate trend of lower highs. Volume will most likely grow less and less as we head toward the holiday weekend here in the U.S.

I seriously considered adding new plays tonight but I suspect the bounce will start to lose some steam here. Most market participants are going to focus on their weekend plans instead of trading the next couple of days.

If you're looking for a new trade tomorrow, check these stocks out:

LLL is showing relative strength. I would prefer to buy a dip near the $85 level.

EL has broken out to new highs. I would look for a dip near $104 or even $103 as a bullish entry point.

JOYG is challenging resistance near its 50-dma and the $92.00 level. Readers might want to consider bullish positions on a move over $92 or its 100-dma.

HOC is hitting new relative highs. After the big three-day bounce I'd prefer to buy a dip.

PCP has broken out over resistance at $160.00. Readers may want to consider bullish positions on a dip in the $159-160 area.

- James