Individual investor bullish sentiment declined over nine percentage points this week to 24.7%. This is the lowest bullishness level since November 5, 2009 when the bullish percentage was 22.2%. The 8-period moving average of the bullishness level fell for the sixth consecutive week to 35.1%. The 35.1% reading is the lowest bullishness average since the end of July last year when the 8-period average fell to 35%. The bull/bear spread for the week was reported at -17.3%.
|From The Blog of HORAN Capital Advisors|