In yesterday's investor sentiment release by the American Association of Individual Investors, the level of bullishness ticked fractionally lower to 39.24% versus last week's 40.00%. The level of bearishness, however, declined to 31.65% versus last week's 35.29%. The prior week's bears moved more towards a neutral stance. The net result is the bull minus bear spread moved higher to +8 versus last week's +5.
(click on chart for larger image)
Data Source: American Association of Individual Investors