The three major averages closed higher Friday, with the S & P 500 adding 2.37% to close at 3,752.75.
Stovall said the S & P 500 had six positive moves of 1% or more in the last 17 trading days, as of Friday.
Earnings, earnings, earnings About 150 S & P 500 companies report earnings in the coming week.
Technically speaking Scott Redler, partner with T3Live.com, said he is watching a formation in the S & P 500 that could be positive.
His first target for the S & P 500 is 3,800.