Bullish Sentiment Drop s to lowest Level in more than 2yrs

 

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  Bespoke Investment Group

Bullish Sentiment Drops To Lowest Level In More Than 2 Years

May. 14, 2015 11:13 AM

There's no arguing the fact that this tight range market has been frustrating to a lot of traders. Judging by the latest sentiment data AAII, individual investors don't like the way the market is acting either.

In this week's survey, bullish sentiment dropped from 27.1% down to 26.7%. While the size of the drop in bullish sentiment was small, this week marks the tenth straight week that bullish sentiment has been below the bull market average and also the tenth decline in bullish sentiment over the last twelve weeks. That doesn't sound like the type of sentiment you would see with the S&P 500 and Dow both trading just shy of all-time highs.

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