6 Charts Show the Running of the Bulls Isn’t Over Yet

The signs still point towards a bullish mood for investors

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6 Charts Show the Running of the Bulls Isn’t Over Yet

U.S. Treasuries

The “safe-haven” effect that was driving Treasury yields lower last month seems to be wearing off a bit, as you can see by the chart of the 10-Year U.S. Treasury Yield (TNX).

 6 Charts Show the Running of the Bulls Isnt Over Yet

Weekly Chart of the 10-Year U.S. Treasury Yield

The uptrending support level that makes up the bottom portion of TNX’s uptrending channel seems to be intact, which tells us that traders are still watching the Fed’s actions regarding the tapering of QE, but don’t see it leading to a flight to safety just yet.


Article printed from InvestorPlace Media, http://investorplace.com/2014/02/bull-market-rut-eem-tnx-xly-xlp/.

©2014 InvestorPlace Media, LLC

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