Individual investor bullish sentiment moved fractionally higher as reported by the American Association of Individual Investors. The bullishness reading increased to 28.68% versus last week's reading of 27.91%. The bull/bear spread improved to -18% versus last week's level of -27%. The improvement came from bearish investors moving towards a more neutral stance.
As noted in an earlier post containing the Justin Mamis's sentiment cycle chart, is it likely the market is in the "denial" phase of the sentiment cycle?