S&P 500 Above 50-Day For A Week

Stocks have been trying to change their medium-term trend and doing well so far. Investor's Business Daily noted that the S&P 500 has been able to hover above its 50-day average for a full week, the first time in months it's been able to do so. But it's still trading below its 200-day average.

The table below highlights other times the index first showed some momentum like this will still mired in a long-term downtrend. Returns over the next 1-3 months were weak, with a poor risk/reward ratio.