Equities continued to rebound on Tuesday with the S&P 500 up more than a half of a percent at the high of the session. The move has the index within a quarter percent of the all-time high and a new all-time high could be set this week. The reason is better than expected earnings from key index members such as Johnson & Johnson. Johnson & Johnson reported better than expected revenue and earnings and raised guidance for the year sending its shares up more than 2.5%.

Wednesday?s trading should be more of the same with reports from Netflix, Abbott Laboratories, and The WD-40 Corporation to lift sentiment. If the index sets a new all-time high it will likely attract new money and send the market even higher, if not investors may need to prepare for another round of selling. While the average S&P company is beating their consensus estimates results are not even across the 13 S&P sectors.