By Guy Adami, stocks editor at OptionMonster.

On Nov. 13, 1990, Tesla released "Five Man Acoustical Jam," a live album recorded at Philadelphia's Trocadero Theatre. The song that immediately got the most air time was "Signs."

You all know the song: "And the sign says 'long-haired freaky people need not apply,' so I put my hair under my hat and I went in to ask him why."

At any rate, the title of our featured song of the day is an appropriate one for assessing today's markets as everyone is looking for their own signs of direction.

To me, yesterday's rally felt different from other recent bear-market surges. The internals were the strongest we have seen in quite some time.

Internal metrics -- including total volume, up volume compared to down volume, advancers versus decliners, new highs versus new lows -- were all very impressive. That alone does not mean we are necessarily off to the races, but it is a great place to start. In my opinion, we need a close above 741 in the S&P 500 to verify yesterday's action.

Frankly, I do not think we need a bevy of good news to get there -- just a respite of the bad. The next few days should tell the tale in terms of market direction for the next couple of months.