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

Defensive Stocks

As we continue to monitor whether or not defensive stocks are in control by looking at a relative strength chart comparing the Consumer Discretionary Select Sector SPDR Fund (XLY) and the Consumer Staples Select Sector SPDR Fund (XLP), we are seeing discretionary stocks reassert themselves.

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

Weekly Comparison Chart of the Consumer Discretionary Select Sector SPDR Fund (Xand the Consumer Staples Select Sector SPDR Fund

As you can see in the weekly comparison chart, the chart is moving higher, which means discretionary stocks are in control. This is a good sign for the current bullish trend.


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

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