This week's sentiment survey released by the American Association of Individual Investors indicated an increase in individual investor bullish sentiment. The bullishness level increased to 36.09% versus last week's level of 31.82%. For the week of April 16th, the bullishness level stood at 44.14%.
The bull/bear spread was reported at -8% versus last week's spread of -7%. The spread became more bearish as more investors indicated a bearish view of the market: 43.61% versus 38.64% last week.
The chart of the market and sentiment for the current period is beginning to play out like the June 2002 - March 2003 period. Maybe a coincidence or maybe the current market needs to come close to retesting the early March 2009 low.
The bull/bear spread was reported at -8% versus last week's spread of -7%. The spread became more bearish as more investors indicated a bearish view of the market: 43.61% versus 38.64% last week.
The chart of the market and sentiment for the current period is beginning to play out like the June 2002 - March 2003 period. Maybe a coincidence or maybe the current market needs to come close to retesting the early March 2009 low.
(click to enlarge)
Data Source: American Association of Individual Investors
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