Thursday, September 16, 2010

Bullish Investor Sentiment Continues To Move Higher

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

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