Thursday, February 10, 2011

AAII Investor Sentiment - Week Ending 2/8

The most recent AAII Investor Sentiment shows a continued favor towards the bullish camp.  The % bullish dropped 2.1% to 49.4% but is still above the historic rate of 39%. The % bearish stayed at 26.9% as in the prior week and is below the historic rate of 30%.

The charts below indicate that bullish sentiment continues to stay elevated but has not not moved higher with the SPX and based on the historic correlation, SPX appears due for a pullback.


No comments:

Post a Comment