Investors will take in a heavy helping of economic reports in the shortened holiday week, but the main course remains the dollar.

Friday's markets have no economic indicators to consider, but Dell's disappointing after the bell earnings could spill into tech stocks.

The latest rush to gold is providing plenty of market buzz even on the quietest days.

In a note titled, "Succumbing to the Surge," Citigroup chief U.S. equities strategist Tobias Levkovich said he's raising his S&P 500 target to a range of 1100 to 1150, from 1000 to 1100 for year end 2009 and 2010.

The low volume nature of the nearly 8-month old market rally has been an ongoing concern, but now the absence of institutional players could be an issue.

Stocks could continue their uptrend on Tuesday, after Fed Chairman Ben Bernanke showed little concern about the weakening dollar and signaled that low interest rates will stay.

The market will be challenged by plenty of economic news in the coming week, as investors look for signs the recovery is taking hold. But the market could trend higher as investors rotate into higher quality names.

The so-called 'risk trade', where the dollar moves lower while risk assets like stocks and commodities move higher, may be unwinding. Retail earnings season continues with JC Penny reporting.