The American Association of Individual Investors reported bullish investor sentiment declined this week. The bullishness level fell to 31.36% versus last week's level of 46.30%. The bull/bear spread equaled -14% versus a +12% in the prior week.
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Although investor sentiment declined, the percentage of NYSE stocks trading above their 50 and 200 day moving averages remain at fairly high levels as noted in the charts below.
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