In today's sentiment survey released by the American Association of Individual Investors, the weekly individual investor bullish sentiment increased seven percentage points to 50.89%. This bullish sentiment level compares to the yearly low of 20.74% that was reported in the last week of August. The bull/bear spread widened to 26.6%. In spite of the increase in bullish sentiment, the 8-period moving average remains in the mid thirty percent range, i.e., 36%. The 8-period moving average has been as high as the upper 50% to lower 60% range at prior market tops.
|From The Blog of HORAN Capital Advisors|