Investor's Intelligence Shows Bullish Sentiment Pulls Back
Sentiment Update: Investor’s Intelligence Poll
Investor’s Intelligence reports that Bullish Sentiment fell to 51.1 from 54.8% last week.
Bearish Sentiment rose on the week to 26.6% from 25.8% and those expecting a correction rose to 22.3% from 19.4%.
The current 10-week moving average of the percentage of bulls/(bulls+bears) stands at 63.6% (a neutral reading). Note that readings below 53 are considered a positive for the market while readings above 69 are negative.
The data contained in this report is provided "as is" and without warranty of any kind, either expressed or implied. Although the information contained is derived from sources which are believed to be reliable, they cannot be guaranteed. Heritage Capital Management (HCM), employees, or any third party data provider shall not have any liability for any loss sustained by persons relying on the information contained herein or in any HCM publication.
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The opinions and forecasts expressed are those of David Moenning, President of Heritage Capital Management (HCM) and may not actually come to pass. Mr. Moenning’s opinions and viewpoints regarding the future of the markets should not be construed as recommendations of any specific security or Heritage Capital program.
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Posted on 2/22/2012 at 8:51 AM
