Thursday, May 29, 2008

Bullish Investor Sentiment Sees Sharp Decline

The American Association of Individual Investors reported bullish investor sentiment declined this week. The bullishness level fell to 31.36% versus last week's level of 46.30%. The bull/bear spread equaled -14% versus a +12% in the prior week.

(click on graph for larger image)


Although investor sentiment declined, the percentage of NYSE stocks trading above their 50 and 200 day moving averages remain at fairly high levels as noted in the charts below.

(click on graphs for larger image)

percent of NYSE stocks trading above 50 day moving average
percent of NYSE stocks trading above 200 day moving average


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