By Peter Switzer, Switzer Super Report

Two weeks ago I irreverently suggested, with apologies to Kath & Kim, that "I could feel it in me waters" that stocks could be heading up. It was ahead of the EU summit and the charts were pointing to the possibility, but now the question is can it keep going?

Europe on track

Since the summit, which saw the EU leaders provide more support to European banks and opt for growth at the expense of severe austerity, stocks have headed up. In fact, the Stoxx Europe 600 Index was up 5.2% in three days, but more importantly, it could end this week higher for the fifth week in a row!

Of course, Europe's indexes have been helped by the Greek election, the Spanish bank bailout and the summit. And