BALTIMORE ( Stockpickr) -- You hear that? It's the sound of investor anxiety slowly retreating from stocks.As impressive as this 2012 rally has been, it's been marred by extremely high levels of investor anxiety that have threatened to derail the S&P 500's climb every step of the way. Anxiety isn't exactly an easy thing to measure -- while instruments like the VIX give some indication about investor anxiety, directional bias means that they're a whole lot less effective during rallies. But Treasuries do offer some clues about what people think about Mr. Market right now. >>5 Industrial Stocks Funds Love for 2012 Typically during a rally, you'd expect Treasuries to sell off as investors shift their assets from the safety net of government bonds to the stocks that they're growing increasingly confident in. But Treasuries haven't really pulled back the way we'd expect them to this year -- and that's finally changing. Treasuries have fallen for seven straight days now in their longest losing streak since 2006. As investors sell their treasury positions, we're getting a good indication that market participants' anxiety about this rally is decreasing. And that flow of funds from treasuries to stocks could help propel this rally even further in the coming weeks and months. To take full advantage, we're turning to the technicals in five of Wall Street's big-name stocks this week. If you're new to technical analysis, here's the executive summary: Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time. Every week, we take an in-depth look at large-cap stocks that are telling important technical stories. Here's this week's look at the technicals of five must-see stocks.
Bank of America
Icici Bank Limited
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