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The market made another stellar comeback intraday today moving against what we thought it would do as the Greece crisis caused a gap down to open the day, but the market responded by moving upwards throughout the day. The catalyst for upside? Good question. The market's continued strength is helping as buyers are coming in on dips. Further, technology continued to do well as it ignored issues in Greece and now Portugal and moved higher, helping the Dow and Nasdaq move well throughout the day.

Moving into tomorrow, we have been worried about a strong breakdown in the market for some time, but every movement down has been met by support. With the situation in Europe still lingering, there is risk for the market, which will continue to create resistance, but if the situation in Greece is resolved, it will definitely allow the market to make its way higher.

Unknown ObjectTwo stocks on our radar are Cummins (NYSE:CMI) and AutoZone (NYSE:AZO). Cummins is a stock that we think has great potential running into its earnings report as they are very similar to Caterpillar (NYSE:CAT), and they have the ability to move strongly into earnings off of strong CAT earnings as well as good growth for them. They have dropped off somewhat before earnings, but we believe that this company can move higher even in a flat market as they have strong growth and a cheap PE. Another stock that we believe looks great for an options trade is AZO. This stock has shown that it will hold a very flat stock movement post-earnings for four straight quarters, and we like an iron condor on this one at the 430/420 level on the bull put side and 460/470 on the bear call side.

For tomorrow, earnings and Europe are extremely important, but we do also get some important economic data for the mix. Earnings from Baidu (NASDAQ:BIDU), Exxon Mobil (NYSE:XOM), Pfizer (NYSE:PZE), US Steel (NYSE:X) and UPS (NYSE:UPS) will be very important to the market movement. Each of these companies is very important to their respective sector and XOM and PZE are two crucial stocks to the major indices. Data looks important as well with Case-Shiller, Consumer Confidence and Chicago PMI.

We had a good day here as we got a nearly 2% gain in Ultrashort ProShares DJ-UBS Crude Oil (NYSEARCA:SCO). We also entered long positions in Cummins as well as a bull put spread in Apple (NASDAQ:AAPL) at the 430/425 level for Feb18 expiration.

We have the following positions. In our Short-Term Equity Portfolio we are long Polo Ralph Lauren (NYSE:RL) and Cummins. In our Options Portfolio, we are long Apple, Priceline (NASDAQ:PCLN), Blackstone (NYSE:BX), Dollar Tree (NASDAQ:DLTR) and United States Oil (NYSEARCA:USO). We are short Deckers Outdoor (NYSE:DECK). In our Earnings Portfolio, we are long VF Corp. (NYSE:VFC) CarMax (NYSE:KMX), Avis Budget (NASDAQ:CAR), Vertex Pharma (NASDAQ:VRTX), EOG Resources (NYSE:EOG) and Ashland (NYSE:ASH). We are short AOL (NYSE:AOL).

Chart courtesy of finviz.com.

Source: 2 Stocks To Watch, And What's Next For The Market

Additional disclosure: We have the following positions. In our Short-Term Equity Portfolio we are long Polo Ralph Lauren (RL) and Cummins (CMI). In our Options Portfolio, we are long Apple (AAPL), Priceline (PCLN), Blackstone (BX), Dollar Tree (DLTR) and United States Oil (USO). We are short Deckers Outdoor (DECK). In our Earnings Portfolio, we are long VF Corp. (VFC) CarMax (KMX), Avis Budget (CAR), Vertex Pharma (VRTX), EOG Resources (EOG) and Ashland (ASH). We are short AOL (AOL).