Bullish Sentiment Drops 30%

Includes: DIA, QQQ, SPY
by: David I. Templeton, CFA
Individual investor bullish sentiment fell to below 30% this week. This level is approaching levels seen at prior market turning points. Additionally, the bearish sentiment reading came in at 54.88% versus last week's 43.21%. These sentiment levels saw the bull/bear spread become more negative at minus 26% versus last week's level of minus 6%.
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