Thursday, February 28, 2008

Bullish Sentiment Moves Higher For Third Straight Week

The American Association of Individual Investors reported that bullish investor sentiment moved higher for the February 27th reporting period. Bullish investorsentiment increased to 34.31% versus last week's reading of 33.18%. At the same time, bearish sentiment also moved higher.T he bearish level was reported at 45.26% versus last week's 44.70%. This is the third week in a row that both bullish and bearish sentiment trended higher. The bull/bear spread did improve slightly at -11% versus last week's spread of -12%.

(click on chart for larger image)

bullish investor sentiment chart February 27, 2008

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