I define the general market by using the exchange traded fund, SPY, which follows the S&P 500. Below is a daily chart of SPY:
With this week's strength, the short term momentum is beginning to change, and SPY will likely enter a new short term up trend soon, which means I'll be able to buy stocks again.
Below is a stock that my scans pulled up that I am eyeing:
I have no idea what product or service the stock above provides, but it is the sort of chart I am going for - strong up trend, with a nice consolidation to digest the recent gains.