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Investor Sentiment Warning

Tuesday, November 29, 2016 1:17
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(Before It's News)

Written by Jim Welsh

Macro Tides Technical Review 28 November 2016

Sentiment Issues a Warning

Last week I noted that sentiment had jumped significantly from before the election through November 15. Since the market had continued to climb after November 15, I thought it was probably a safe bet that bullishness had increased further. It did. The percent of bulls in the weekly American Association of Individual Investors survey rose to 49.9% bulls as of November 22, the highest in two years, and up from the 23.6% bulls registered on November 8.

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