Tech rebound
The S&P 500 Tech sector enjoyed a large gain on Tuesday, but it didn't prompt a big move in the percentage of stocks in the sector that are trading above their 50-day moving averages. Even after the jump in the index, fewer than 45% of the stocks are in medium-term uptrends. During long-term uptrending markets, this has preceded somewhat weak shorter-term returns, but good longer-term ones (except for the latter instances in 2000 and 2007).

