The American Association of Individual Investors reported a decline in individual bullish investor sentiment. The level of bullishness feel to 30.68% versus last week's reading of 38.10%. The 8-period moving average actually ticked higher by one point to 34%. Most of the bullishness decline moved into the bearish camp with a reading of 45.45% versus last week's bearish level of 37.30%. This move resulted in the bull/bear spread coming in at -15% versus the prior week spread of +1%.
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Data Source: American Association of Individual Investors