Thursday, February 07, 2008

Bullish Investor Sentiment Continues to Move Higher

In the recent release of the American Association of Individual Investors' sentiment survey, investor bullishness moved higher as of February 6, 2008. The level of bullishness moved up to 34.11% versus last week's 30.08%. Additionally, the bull/bear spread narrowed to -13% versus -39% five weeks ago. On the other hand, the 8-period moving average of the bullish sentiment level has been on an eight week decline. The recent 8-period average of 28.1% compares to 36.5% for the week of December 20, 2007.

(click on graph for larger image)

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