In the range.

It looks like good ole time has returned to the Wall Street, everywhere you turns, things are looking up. Treasures turned lower as people do not fear the safty of their capital any longer  and look for better returns.
 
There are certainly good fundamentals to support such good mood. Consumer discretion (tiffany, coach etc) is up, which is said to be one of the first sector to recover when market bottomed;  Technology especially semi-conductor has been strong lately, offering hopes that growth is still intacted; Transportation has also made new highs today. 

However, today's up market comes with a lower volumn,it basically means that some professionals are still in the mode of wait and see.   Also, the late market's bullishness is build on top of the financial sector's strength, but the advance of that sector is stalled today, GS actually turned lower and XLF barely changed. 
 
With earning season right around corner, it is hard to believe that people has the audacity to push market one way or the other for the time being.

Thus, we surmise that market will be set in a range, For DJIA, it is 12000-12750. if that is indeed the case, we may still has a couple of hundred point on the upside, after that, the direction will be decided by the earnings.

So, take profit if the market approaching up bound, and buy if the market dips.  and I would look for the technology sector as my "long" vehicle,  commodities (gold, silver etc) as my "short" vehicle.

good luck.