It was a rough (even if short) week on Wall Street. But at least it ended on an up-note after losing more than 300 points in the previous three days. Stabilizing oil prices and bargain-hunting helped stem the slide.
Last week, traders had ample opportunity to take some profits -- and yet the market kept rising. With a much quieter week on tap and a key technical hurdle overcome, stocks could very well extend their gains in the sessions ahead.
Trading volume last week was anemic, but things could get moving again this week. In addition to some big-name earnings reports, this Friday is a "Quadruple Witching Day," and the market has a history of putting up weekly gains when they end with Witching days on Friday.
Stocks closed higher Friday for the seventh time in the last eight sessions, helped by a stronger-than-expected reading on wholesale inventories and sales. Volume was especially light at the end of the holiday shortened trading week but September's mini-rally continued nonetheless.