Sunday, September 27, 2009

Investor Bullish Sentiment Declined Last Week

Investor enthusiasm remains in check as bullish sentiment fell slightly last week to 39.09% versus the prior week's reading of 42.14%. This is in line with the long term average of the bullish sentiment reading of 39%. The 8-period moving average also declined to 40.70% versus last week's level of 41.77%. The bull/bear spread became more negative with a reading of -5% versus +2% last week.

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