Sunday, April 18, 2010

Bullish Investor Sentiment Continues Moving Higher

This past week's investor sentiment survey that was released by the American Association of Individual Investors indicates individual investors continue indicating they are more bullish. This past week's bullishness reading was the fourth straight week that the reading came in at a higher level than the prior week. Additionally, the 8-period moving average increased for the fourth straight week as well.

The individual investor bullishness reading was reported at 48.48% versus last week's reading of 42.86%. The 48%+ reading is the highest level reached this year. After Friday's market action and the Goldman Sachs (GS) news, next week's reading may see a dip.

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