In the American Association of Individual Investors sentiment survey released today, bullish sentiment turned higher to 30.08% versus last week's 25.14%. The long term average of bullish sentiment is 39%. However, the 8-period moving average declined to 29.8% versus the prior reading of 31.1%. The bull/bear spread also improved to -19% after recording readings in the -30% range for the prior four week's.
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