In this week's release of the American Association of Individual Investors sentiment survey, the level of bullishness spiked higher to 40.65% versus the prior week's bullishness reading of 28.57%. The bearish sentiment fell to 39.84% versus last week's reading of 56.12%. On the other hand, this is the seventh straight week the 8-period moving average has declined. The most recent 8-period average of bullish sentiment equals 35.2% versus last week's 37.0%. The bull/bear spread increased to a +1% versus last week's -28%.
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