Category: Sentiment

While bullish sentiment jumped in the past week from 31.74% to 38.44%, we likely still have a little room to run.  This is not the level that I would be aggressively adding risk (only selectively on laggard names that haven’t participated – if at all).  In the lexicon of sell side analysts we are at a “hold.”  Continue reading “AAII Sentiment Survey Results: Getting up there…”

Last week I said, “Until the bears fully capitulate, the market can keep climbing…” Continue reading “AAII Sentiment Survey Results: The Most Hated Rally…”

Data Source: AAII

While the market indices all made new highs this week, sentiment did not.  This is a hated rally because most institutions were caught offsides in May/June and raised too much cash. Continue reading “AAII Sentiment Survey Results: Slowly Climbing the Wall of Worry”

As was the case last week, the wall of worry is so high that the Bullish Percent continues to remain subdued at a paltry 33.61% – barely moving up from last week despite hitting 3000 on the S&P 500 yesterday. Continue reading “AAII Sentiment Survey Results: Bulls Just Warming Up…”

The AAII sentiment survey measures the percentage of individual investors who are bullish, bearish, and neutral on the stock market short term; individuals are polled from the AAII Web site on a weekly basis. Continue reading “AAII Sentiment Survey: The Wall of Worry is Steep. Keep climbing!”

Waking up today I had fully expected the “bullish percent” to move well above 30 and the “bearish percent” to drop since last week.  This would have caused us to look for places to lighten up, and if there was a euphoric read, start to look for a few shorts… Continue reading “AAII: As Pessimism Persists, The Wall of Worry (to climb) Remains Intact.”

Data Source: AAII

This updated chart gives a nice visual of the data we presented yesterday. As you can see above, it has not paid to get short below the high 30’s (bullish percent), but it has paid to get long below 30 (when pessimism was still high). The print from yesterday was 29.51%. There is still a wall of worry to climb. Continue reading “Updated Sentiment Chart”

In the last few weeks – as pessimism prevailed in the AAII Sentiment Survey Results – we made the case to get long: Continue reading “AAII Sentiment: Pessimism Thawing, but Skeptics Still Abound”

Data Source: AAII

This updated chart gives a nice visual of the data we presented yesterday.  As you can see above, it has not paid to get short below the high 30’s (bullish percent), but it has paid to get long below 30 (when pessimism was still high).  The print from yesterday was 26.84%.  There is still a wall of worry to climb. Continue reading “Updated Sentiment Chart”

In the last 2 weeks we talked about fading pessimism and buying stocks.  Even after the big bounce we got in the market following the extreme pessimism, there is still skepticism in the market.  This bodes well for continued gains in coming weeks as the market can climb the wall of worry. Continue reading “AAII Sentiment Survey Results Still Favor Bulls (Even After Bounce)”