Bears Regain Momentum as Key ETFs Show Signs of Weakness

When this month began, it was awful for the bears. They had endured the ravages of an idiotic counter-trend rally that started on Jan. 6, and the smug, swaggering bulls figured the bear market (if there ever was one) had ended already.

The peak was on Groundhog Day (fittingly enough), and the bears have been slowly wiping the smirks off the faces of the bulls ever since. Below are a dozen important ETFs, presented as monthly charts. I have put a remark in the caption below each of them.

DBC Chart

EEM Chart

EFA Chart

EZU Chart

FXI Chart

GDX Chart

GLD Chart

IYT Chart

QQQ Chart

SLV Chart

TLT Chart

XLU Chart

Source