Investors should look for upside in stocks beginning this week, strategist Jeffrey Saut said Tuesday.
"I think you put in a double bottom in the stock market," Saut said, referring to the Feb. 11 low.
"We had a 7 percent rally off of that low, and that used up a lot of the market's internal energy," Raymond James' chief investment strategist added in an interview on CNBC's "Squawk Box."
Raymond James is now looking for the market to rebuild its energy in the first week of March, Saut said.
"I think you're starting to take another stab on the upside," he said.
U.S. stock futures pointed to a higher open on Tuesday.