The weekly American Association of Individual Investors (AAII) Sentiment Survey shows the percentage of bulls falling to 28.1%, a 10-point drop. On the flip side the bearish sentiment increased to 41.6% a gain of 14 points. The exiting bulls skipped the neutral reading and went straight to negative on the market and brought some neutrals with them.
Why is this significant?
Because the majority of individual investors are contrarian indicators. They sell when they should be buying and vice versa. The numbers indicate the current rally is not over yet!!
Why is this significant?
Because the majority of individual investors are contrarian indicators. They sell when they should be buying and vice versa. The numbers indicate the current rally is not over yet!!
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