Bullish Sentiment Drops Back Below 50%

Includes: DIA, QQQ, SPY
by: Bespoke Investment Group

Well that didn't last long. After topping 50% for the first time since February, bullish sentiment dropped back below 50% last week.

According to the weekly survey from the American Association of Individual Investors (AAII), bullish sentiment dropped from 52.34% down to 48.04%. In spite of the drop, though, bullish sentiment is still high enough to rank as the third highest weekly reading in the last year.