The U.S. stock market ended the first trading day of 2018 higher, and trader Peter Costa thinks that's a trend that's going to continue for a while.
"The momentum in the market is such that it's going to continue going up," the president of Empire Executions told CNBC's "Closing Bell" on Tuesday.
"We'll have some minor, minor pullbacks, but until we have something that actually is a game changer, I don't think there's much in the way of this market going higher."
Costa, a CNBC contributor, also sees good news in the rally in the Dow transports, which he thinks is indicative of more new highs to come.
"That just tells you that the economy is still growing and that there is … definitely more room on the upside," he said.
Paul Hickey, co-founder of Bespoke Investment Group, believes investors should stay the course because the market ultimately cares about what the economy and Federal Reserve are doing, not seasonal expectations or concerns about corrections.