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Easy does it! Uncertainty in the market may continue to dominate European news this week, while U.S. economic news will be key to a recovery or recession.

Tech stocks, whether they deserved to or not, began to make a comeback today alongside the latest economic data reports. Everyone from Apple to AMD began to bounce back on the news that the U.S. has thus far evaded a double dip.

Phone companies were in the spotlight as companies from Apple to Motorola and Sprint seemed to have something to report on. Sales of the new Iphone 4S were also a matter of speculation as many expect the pre-order to serve as a reflection of Cook's capability as Apple's CEO.

Bulls have their backs to the Wall and need some big buying to prevent downside breakout of a two-month trading range and potential rout.

Investors are pushing for a 5th consecutive day of gains despite another bump from the European Union, volatility from options expirations, and tech stocks like Netflix dragging.