The S&P 500 closed at its highest level of the year on Tuesday.
Tuesday's uptrend trailed last week's blowout rally. However, continued modest gains instead of sharp pullbacks after a major upswing could signal more good news ahead, said Adam Sarhan, CEO of 50 Park Investments.
"The fact that it refuses to fall to me is extremely bullish," he said. "Normally, after a big run up, you see a market pullback, and when the market doesn't pull back and goes sideways, that to me is very bullish." A light period for economic data continues ahead of next week's Federal Reserve policy meeting, with trade balance data due out before the bell Wednesday. Earnings from
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