AAII Sentiment Survey

Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
1-6-00 75.0% 11.7% 13.3% 100% 58.25% 61.7%
1-13-00 59.3% 22.2% 18.5% 100% 59.91% 40.7%
1-20-00 57.1% 25.0% 17.9% 100% 60.18% 39.3%
1-27-00 53.7% 25.9% 20.4% 100% 59.14% 33.3%
2-3-00 51.1% 24.4% 24.4% 100% 57.78% 26.7%
2-10-00 41.9% 30.2% 27.9% 100% 56.26% 14.0%
2-17-00 27.3% 48.5% 24.2% 100% 53.17% 3.0%
2-24-00 41.4% 27.6% 31.0% 100% 50.84% 10.4%
3-2-00 36.7% 40.0% 23.3% 100% 46.05% 13.3%
3-8-00 58.3% 25.0% 16.7% 100% 45.93% 41.7%
3-16-00 50.0% 23.3% 26.7% 100% 45.04% 23.3%
3-23-00 65.7% 14.3% 20.0% 100% 46.54% 45.7%
3-30-00 38.9% 11.1% 50.0% 100% 45.01% -11.1%
4-6-00 45.8% 33.3% 20.8% 100% 45.51% 25.0%
4-13-00 51.9% 18.5% 29.6% 100% 48.58% 22.2%
4-20-00 63.7% 13.7% 22.6% 100% 51.38% 41.2%
4-27-00 61.3% 24.2% 14.5% 100% 54.45% 46.8%
5-4-00 34.8% 30.4% 34.8% 100% 51.51% 0.0%
5-11-00 30.2% 44.2% 25.6% 100% 49.04% 4.7%
5-18-00 35.3% 23.5% 41.2% 100% 45.24% -5.9%
5-25-00 34.9% 28.6% 36.5% 100% 44.74% -1.6%
6-1-00 41.7% 20.8% 37.5% 100% 44.22% 4.2%
6-8-00 61.5% 15.4% 23.1% 100% 45.43% 38.5%
6-15-00 43.8% 37.5% 18.8% 100% 42.93% 25.0%
6-22-00 26.7% 33.3% 40.0% 100% 38.61% -13.3%
7-6-00 56.1% 28.1% 15.9% 100% 41.27% 40.3%
7-13-00 65.0% 15.0% 20.0% 100% 45.62% 45.0%
7-20-00 66.7% 21.3% 12.0% 100% 49.54% 54.7%
7-27-00 42.9% 37.1% 20.0% 100% 50.53% 22.9%
8-3-00 41.3% 34.8% 23.9% 100% 50.49% 17.4%
8-10-00 54.1% 34.4% 11.5% 100% 49.56% 42.6%
8-17-00 59.4% 21.9% 18.8% 100% 51.51% 40.6%
8-23-00 57.7% 19.2% 23.1% 100% 55.39% 34.6%
8-31-00 55.9% 26.5% 17.7% 100% 55.36% 38.2%
9-7-00 62.5% 29.2% 8.3% 100% 55.05% 54.2%
9-14-00 41.2% 35.3% 23.5% 100% 51.86% 17.7%
9-21-00 43.8% 37.5% 18.8% 100% 51.97% 25.0%
9-28-00 53.3% 40.0% 6.7% 100% 53.48% 46.7%
10-5-00 41.9% 32.3% 25.8% 100% 51.96% 16.1%
10-12-00 41.5% 26.8% 31.7% 100% 49.72% 9.8%
10-19-00 48.9% 26.7% 24.4% 100% 48.62% 24.5%
10-26-00 64.1% 18.0% 18.0% 100% 49.64% 46.2%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
11-2-00 51.6% 25.8% 22.6% 100% 48.28% 29.0%
11-9-00 62.9% 28.6% 8.6% 100% 50.99% 54.3%
11-16-00 45.8% 37.5% 16.7% 100% 51.25% 29.2%
11-23-00 36.5% 27.0% 36.5% 100% 49.15% 0.0%
11-30-00 60.4% 22.9% 16.7% 100% 51.46% 43.8%
12-7-00 47.1% 15.7% 37.3% 100% 52.16% 9.8%
12-14-00 59.6% 7.7% 32.7% 100% 53.50% 26.9%
12-21-00 31.1% 17.8% 51.1% 100% 49.38% -20.0%
12-28-00 40.0% 28.0% 32.0% 100% 47.93% 8.0%
1-4-01 42.6% 33.3% 24.1% 100% 45.39% 18.5%
1-11-01 35.7% 21.4% 42.9% 100% 44.13% -7.2%
1-18-01 36.6% 39.0% 24.4% 100% 44.14% 12.2%
1-25-01 49.2% 24.6% 26.2% 100% 42.74% 23.1%
2-1-01 50.0% 30.8% 19.2% 100% 43.11% 30.8%
2-8-01 55.6% 30.0% 14.4% 100% 42.60% 41.1%
2-15-01 30.4% 47.8% 21.7% 100% 42.51% 8.7%
2-22-01 26.3% 35.1% 38.6% 100% 40.80% -12.3%
3-1-01 46.0% 20.3% 33.8% 100% 41.22% 12.2%
3-8-01 31.6% 36.7% 31.6% 100% 40.71% 0.0%
3-15-01 30.9% 32.7% 36.4% 100% 40.00% -5.5%
3-22-01 27.8% 25.0% 47.2% 100% 37.32% -19.4%
3-29-01 37.3% 35.3% 27.5% 100% 35.73% 9.8%
4-5-01 35.1% 26.1% 38.7% 100% 33.18% -3.6%
4-12-01 30.3% 28.8% 40.9% 100% 33.16% -10.6%
4-19-01 43.8% 25.0% 31.3% 100% 35.34% 12.5%
4-26-01 46.6% 22.4% 31.0% 100% 35.41% 15.5%
5-3-01 63.5% 14.9% 21.6% 100% 39.40% 41.9%
5-10-01 53.3% 28.9% 17.8% 100% 42.20% 35.6%
5-17-01 51.8% 29.4% 18.8% 100% 45.20% 32.9%
5-24-01 61.9% 21.4% 16.7% 100% 48.28% 45.2%
5-31-01 49.4% 22.1% 28.6% 100% 50.06% 20.8%
6-7-01 42.6% 31.9% 25.5% 100% 51.59% 17.0%
6-14-01 30.5% 47.5% 22.0% 100% 49.93% 8.5%
6-21-01 33.3% 43.3% 23.3% 100% 48.28% 10.0%
6-28-01 30.4% 36.7% 32.9% 100% 44.14% -2.5%
7-5-01 40.7% 40.7% 18.5% 100% 42.57% 22.2%
7-12-01 25.3% 38.5% 36.3% 100% 39.25% -11.0%
7-19-01 50.0% 34.8% 15.2% 100% 37.77% 34.8%
7-26-01 29.5% 32.4% 38.1% 100% 35.29% -8.6%
8-2-01 36.4% 27.3% 36.4% 100% 34.51% 0.0%
8-9-01 34.9% 37.4% 27.7% 100% 35.07% 7.2%
8-16-01 35.4% 27.1% 37.5% 100% 35.33% -2.1%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
8-23-01 34.5% 34.5% 31.0% 100% 35.84% 3.5%
8-30-01 31.4% 45.7% 22.9% 100% 34.68% 8.6%
9-6-01 30.3% 36.0% 33.7% 100% 35.31% -3.4%
9-13-01 26.7% 36.7% 36.7% 100% 32.40% -10.0%
9-20-01 31.1% 24.3% 44.6% 100% 32.59% -13.5%
9-27-01 51.1% 26.7% 22.2% 100% 34.43% 28.9%
10-4-01 51.2% 19.5% 29.3% 100% 36.47% 22.0%
10-11-01 47.4% 24.6% 28.1% 100% 37.96% 19.3%
10-18-01 60.6% 18.3% 21.1% 100% 41.22% 39.4%
10-25-01 55.9% 26.5% 17.7% 100% 44.28% 38.2%
11-1-01 35.0% 31.7% 33.3% 100% 44.86% 1.7%
11-8-01 34.6% 23.1% 42.3% 100% 45.86% -7.7%
11-15-01 45.5% 21.2% 33.3% 100% 47.65% 12.1%
11-22-01 58.3% 16.7% 25.0% 100% 48.55% 33.3%
11-29-01 69.3% 10.7% 20.0% 100% 50.82% 49.3%
12-6-01 59.2% 16.3% 24.5% 100% 52.29% 34.7%
12-13-01 61.4% 24.6% 14.0% 100% 52.40% 47.4%
12-20-01 52.5% 21.3% 26.2% 100% 51.97% 26.2%
12-27-01 57.7% 15.4% 26.9% 100% 54.81% 30.8%
1-3-02 51.1% 24.4% 24.4% 100% 56.87% 26.7%
1-10-02 54.8% 23.3% 21.9% 100% 58.04% 32.9%
1-17-02 29.6% 40.9% 29.6% 100% 54.44% 0.0%
1-24-02 34.7% 34.7% 30.6% 100% 50.11% 4.1%
1-31-02 45.5% 31.8% 22.7% 100% 48.39% 22.7%
2-7-02 37.5% 39.6% 22.9% 100% 45.41% 14.6%
2-14-02 45.2% 38.7% 16.1% 100% 44.49% 29.0%
2-21-02 36.4% 38.2% 25.5% 100% 41.83% 10.9%
2-28-02 44.4% 35.2% 20.4% 100% 40.99% 24.1%
3-7-02 53.3% 31.1% 15.6% 100% 40.81% 37.8%
3-14-02 56.5% 29.0% 14.5% 100% 44.17% 41.9%
3-21-02 53.2% 35.5% 11.3% 100% 46.49% 41.9%
3-28-02 51.2% 25.6% 23.3% 100% 47.20% 27.9%
4-4-02 40.5% 39.3% 20.2% 100% 47.58% 20.2%
4-11-02 28.2% 38.5% 33.3% 100% 45.46% -5.1%
4-18-02 40.2% 36.6% 23.2% 100% 45.94% 17.0%
4-25-02 36.7% 40.0% 23.3% 100% 44.97% 13.3%
5-2-02 27.0% 39.6% 33.3% 100% 41.68% -6.3%
5-9-02 30.3% 29.0% 40.8% 100% 38.41% -10.5%
5-16-02 36.8% 34.9% 28.3% 100% 36.35% 8.5%
5-23-02 26.2% 33.3% 40.5% 100% 33.23% -14.3%
5-29-02 28.3% 31.5% 40.2% 100% 31.70% -12.0%
6-6-02 32.8% 27.9% 39.3% 100% 32.27% -6.6%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
6-13-02 31.8% 34.6% 33.6% 100% 31.23% -1.8%
6-20-02 45.7% 28.6% 25.7% 100% 32.36% 20.0%
6-27-02 31.0% 23.0% 46.0% 100% 32.85% -15.1%
7-3-02 26.6% 26.6% 46.9% 100% 32.39% -20.3%
7-11-02 35.1% 22.7% 42.3% 100% 32.17% -7.2%
7-18-02 26.3% 20.0% 53.8% 100% 32.18% -27.5%
7-25-02 27.9% 23.3% 48.8% 100% 32.13% -20.9%
8-1-02 34.2% 34.2% 31.6% 100% 32.31% 2.6%
8-8-02 37.7% 23.0% 39.3% 100% 33.05% -1.6%
8-15-02 37.9% 20.7% 41.4% 100% 32.07% -3.5%
8-22-02 43.8% 16.7% 39.6% 100% 33.67% 4.2%
8-29-02 50.0% 21.0% 29.0% 100% 36.60% 21.0%
9-5-02 31.5% 18.5% 50.0% 100% 36.15% -18.5%
9-12-02 38.4% 24.7% 37.0% 100% 37.67% 1.4%
9-19-02 33.8% 23.0% 43.2% 100% 38.40% -9.5%
9-26-02 24.5% 28.4% 47.1% 100% 37.19% -22.6%
10-3-02 35.2% 16.9% 47.9% 100% 36.88% -12.7%
10-10-02 28.9% 16.4% 54.8% 100% 35.74% -26.0%
10-17-02 39.5% 21.1% 39.5% 100% 35.21% 0.0%
10-24-02 44.6% 21.7% 33.7% 100% 34.53% 10.9%
10-31-02 51.5% 20.6% 27.9% 100% 37.03% 23.5%
11-7-02 50.0% 23.7% 26.3% 100% 38.48% 23.7%
11-14-02 48.7% 18.9% 32.4% 100% 40.34% 16.2%
11-21-02 50.6% 28.1% 21.4% 100% 43.60% 29.2%
11-28-02 51.1% 17.0% 31.9% 100% 45.58% 19.2%
12-5-02 52.9% 29.4% 17.7% 100% 48.59% 35.3%
12-12-02 41.4% 34.5% 24.1% 100% 48.83% 17.2%
12-19-02 42.9% 27.1% 30.0% 100% 48.62% 12.9%
12-26-02 40.0% 28.0% 32.0% 100% 47.18% 8.0%
1-2-03 32.4% 29.7% 37.8% 100% 44.99% -5.4%
1-9-03 38.1% 19.1% 42.9% 100% 43.67% -4.8%
1-16-03 29.2% 41.7% 29.2% 100% 40.99% 0.0%
1-23-03 25.0% 31.8% 43.2% 100% 37.74% -18.2%
1-30-03 25.5% 26.6% 47.9% 100% 34.31% -22.3%
2-6-03 22.9% 51.4% 25.7% 100% 31.99% -2.9%
2-13-03 21.9% 40.0% 38.1% 100% 29.37% -16.2%
2-20-03 21.1% 21.1% 57.9% 100% 27.01% -36.8%
2-27-03 26.0% 26.8% 47.2% 100% 26.20% -21.1%
3-6-03 33.3% 27.3% 39.4% 100% 25.61% -6.1%
3-13-03 34.3% 14.3% 51.4% 100% 26.25% -17.1%
3-20-03 42.9% 19.1% 38.1% 100% 28.48% 4.8%
3-27-03 39.4% 27.9% 32.7% 100% 30.22% 6.7%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
4-3-03 32.4% 29.4% 38.2% 100% 31.40% -5.9%
4-10-03 38.5% 30.8% 30.8% 100% 33.47% 7.7%
4-17-03 46.3% 22.2% 31.5% 100% 36.63% 14.8%
4-24-03 63.0% 18.0% 19.0% 100% 41.25% 44.0%
5-1-03 48.6% 25.7% 25.7% 100% 43.16% 22.9%
5-8-03 52.8% 28.8% 18.4% 100% 45.47% 34.4%
5-15-03 62.8% 20.9% 16.3% 100% 47.96% 46.5%
5-22-03 38.5% 26.0% 35.6% 100% 47.84% 2.9%
5-29-03 62.9% 22.9% 14.3% 100% 51.66% 48.6%
6-5-03 52.0% 28.8% 19.2% 100% 53.35% 32.8%
6-12-03 50.0% 20.8% 29.2% 100% 53.81% 20.8%
6-19-03 56.4% 7.7% 35.9% 100% 52.99% 20.5%
6-26-03 71.4% 20.0% 8.6% 100% 55.84% 62.9%
7-3-03 41.2% 23.5% 35.3% 100% 54.39% 5.9%
7-10-03 43.2% 25.7% 31.1% 100% 51.95% 12.2%
7-17-03 51.3% 20.2% 28.6% 100% 53.55% 22.7%
7-24-03 52.0% 17.3% 30.7% 100% 52.19% 21.3%
7-31-03 51.5% 32.3% 16.2% 100% 52.13% 35.4%
8-7-03 45.5% 22.1% 32.5% 100% 51.56% 13.0%
8-14-03 50.6% 25.8% 23.6% 100% 50.83% 27.0%
8-21-03 63.0% 18.5% 18.5% 100% 49.77% 44.4%
8-28-03 56.7% 20.6% 22.7% 100% 51.71% 34.0%
9-4-03 62.3% 21.3% 16.4% 100% 54.10% 45.9%
9-11-03 58.1% 24.4% 17.4% 100% 54.96% 40.7%
9-18-03 62.8% 17.7% 19.6% 100% 56.30% 43.1%
9-25-03 57.3% 20.4% 22.3% 100% 57.02% 35.0%
10-2-03 50.0% 21.4% 28.6% 100% 57.59% 21.4%
10-9-03 57.6% 19.2% 23.2% 100% 58.46% 34.4%
10-16-03 60.3% 25.9% 13.8% 100% 58.14% 46.6%
10-23-03 52.8% 30.6% 16.7% 100% 57.65% 36.1%
10-30-03 57.8% 23.4% 18.8% 100% 57.09% 39.1%
11-6-03 57.6% 25.8% 16.7% 100% 57.02% 40.9%
11-13-03 53.3% 32.2% 14.4% 100% 55.84% 38.9%
11-20-03 53.2% 25.8% 21.0% 100% 55.33% 32.3%
11-27-03 60.4% 18.9% 20.8% 100% 56.63% 39.6%
12-4-03 69.4% 16.2% 14.4% 100% 58.10% 55.0%
12-11-03 55.3% 23.7% 21.1% 100% 57.47% 34.2%
12-18-03 60.2% 20.4% 19.4% 100% 58.40% 40.8%
12-26-03 65.5% 17.2% 17.2% 100% 59.36% 48.3%
1-1-04 62.4% 24.1% 13.5% 100% 59.96% 48.9%
1-8-04 67.2% 14.9% 17.9% 100% 61.69% 49.3%
1-15-04 66.3% 23.6% 10.1% 100% 63.32% 56.2%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
1-22-04 69.5% 17.1% 13.4% 100% 64.47% 56.1%
1-29-04 56.9% 28.1% 15.0% 100% 62.90% 41.9%
2-5-04 50.9% 27.3% 21.8% 100% 62.36% 29.1%
2-12-04 56.1% 29.3% 14.6% 100% 61.85% 41.5%
2-19-04 56.5% 22.6% 21.0% 100% 60.71% 35.5%
2-26-04 41.6% 27.9% 30.5% 100% 58.11% 11.1%
3-4-04 47.8% 39.1% 13.0% 100% 55.69% 34.8%
3-11-04 41.3% 25.2% 33.6% 100% 52.57% 7.7%
3-18-04 38.6% 35.1% 26.3% 100% 48.71% 12.3%
3-25-04 31.5% 25.9% 42.6% 100% 45.53% -11.1%
4-1-04 55.2% 22.4% 22.4% 100% 46.06% 32.8%
4-8-04 58.8% 21.0% 20.3% 100% 46.40% 38.5%
4-15-04 63.8% 22.5% 13.8% 100% 47.31% 50.0%
4-22-04 50.0% 27.5% 22.5% 100% 48.36% 27.5%
4-29-04 50.0% 28.8% 21.2% 100% 48.63% 28.8%
5-6-04 39.0% 33.9% 27.1% 100% 48.35% 11.9%
5-13-04 32.9% 23.7% 43.4% 100% 47.63% -10.5%
5-20-04 36.7% 23.3% 40.0% 100% 48.28% -3.3%
5-27-04 36.1% 23.6% 40.3% 100% 45.90% -4.2%
6-3-04 33.3% 40.5% 26.2% 100% 42.72% 7.1%
6-10-04 55.3% 29.0% 15.8% 100% 41.66% 39.5%
6-17-04 41.4% 30.5% 28.1% 100% 40.58% 13.3%
6-24-04 56.4% 20.5% 23.1% 100% 41.38% 33.3%
7-1-04 57.0% 27.3% 15.8% 100% 43.63% 41.2%
7-8-04 55.1% 23.5% 21.4% 100% 46.41% 33.7%
7-15-04 47.4% 29.0% 23.7% 100% 47.75% 23.7%
7-22-04 35.7% 40.5% 23.8% 100% 47.70% 11.9%
7-29-04 34.0% 30.0% 36.0% 100% 47.78% -2.0%
8-5-04 31.0% 35.2% 33.8% 100% 44.75% -2.8%
8-12-04 38.6% 21.4% 40.0% 100% 44.39% -1.4%
8-19-04 34.9% 30.2% 34.9% 100% 41.70% 0.0%
8-26-04 41.5% 33.1% 25.4% 100% 39.77% 16.1%
9-2-04 41.5% 30.2% 28.3% 100% 38.07% 13.2%
9-9-04 50.5% 25.7% 23.8% 100% 38.46% 26.7%
9-16-04 45.5% 22.7% 31.8% 100% 39.68% 13.6%
9-23-04 51.2% 22.0% 26.8% 100% 41.83% 24.4%
9-30-04 41.1% 19.6% 39.3% 100% 43.09% 1.8%
10-7-04 56.9% 23.4% 19.7% 100% 45.38% 37.2%
10-14-04 44.7% 27.1% 28.2% 100% 46.61% 16.5%
10-21-04 42.5% 28.8% 28.8% 100% 46.73% 13.7%
10-28-04 42.3% 26.0% 31.7% 100% 46.83% 10.6%
11-4-04 57.1% 20.0% 22.9% 100% 47.66% 34.3%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
11-11-04 62.5% 15.9% 21.6% 100% 49.79% 40.9%
11-18-04 64.1% 13.5% 22.4% 100% 51.41% 41.7%
11-24-04 49.5% 23.7% 26.8% 100% 52.46% 22.7%
12-2-04 56.8% 17.8% 25.4% 100% 52.44% 31.4%
12-9-04 51.4% 23.4% 25.2% 100% 53.27% 26.1%
12-16-04 52.5% 28.3% 19.2% 100% 54.52% 33.3%
12-23-04 60.2% 21.6% 18.2% 100% 56.76% 42.1%
12-30-04 57.7% 24.8% 17.5% 100% 56.83% 40.1%
1-6-05 38.1% 27.4% 34.5% 100% 53.78% 3.6%
1-13-05 34.0% 26.1% 39.9% 100% 50.01% -5.9%
1-20-05 33.7% 32.7% 33.7% 100% 48.04% 0.0%
1-27-05 26.4% 37.1% 36.4% 100% 44.24% -10.0%
2-3-05 41.7% 33.3% 25.0% 100% 43.03% 16.7%
2-10-05 43.8% 33.3% 22.9% 100% 41.94% 20.8%
2-17-05 36.4% 33.8% 29.9% 100% 38.95% 6.5%
2-24-05 31.8% 36.4% 31.8% 100% 35.72% 0.0%
3-3-05 39.5% 33.3% 27.2% 100% 35.90% 12.4%
3-10-05 49.7% 25.5% 24.8% 100% 37.86% 24.8%
3-17-05 32.5% 35.1% 32.5% 100% 37.71% 0.0%
3-24-05 23.2% 34.8% 41.9% 100% 37.31% -18.7%
3-31-05 28.4% 20.6% 51.0% 100% 35.65% -22.6%
4-7-05 27.7% 28.4% 43.9% 100% 33.65% -16.1%
4-14-05 16.5% 41.8% 41.8% 100% 31.17% -25.3%
4-21-05 36.8% 30.3% 32.9% 100% 31.80% 4.0%
4-28-05 29.8% 35.5% 34.7% 100% 30.58% -5.0%
5-5-05 28.6% 26.5% 44.9% 100% 27.94% -16.3%
5-12-05 30.5% 33.1% 36.4% 100% 27.70% -5.8%
5-19-05 38.92% 32.43% 28.65% 100% 29.66% 10.3%
5-26-05 44.14% 32.43% 23.42% 100% 31.62% 20.7%
6-2-05 48.61% 31.94% 19.44% 100% 34.23% 29.2%
6-9-05 45.98% 34.48% 19.54% 100% 37.92% 26.4%
6-16-05 48.05% 33.12% 18.83% 100% 39.32% 29.2%
6-23-05 46.59% 35.23% 18.18% 100% 41.42% 28.4%
6-30-05 45.89% 24.66% 29.45% 100% 43.59% 16.4%
7-7-05 43.01% 36.56% 20.43% 100% 45.15% 22.6%
7-14-05 57.89% 28.07% 14.04% 100% 47.52% 43.9%
7-21-05 41.18% 31.37% 27.45% 100% 47.15% 13.7%
7-28-05 57.52% 24.84% 17.65% 100% 48.26% 39.9%
8-4-05 47.83% 26.09% 26.09% 100% 48.50% 21.7%
8-11-05 39.74% 31.41% 28.85% 100% 47.46% 10.9%
8-18-05 29.29% 30.30% 40.40% 100% 45.29% -11.1%
8-25-05 36.14% 32.53% 31.33% 100% 44.08% 4.8%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
9-1-05 31.76% 30.59% 37.65% 100% 42.67% -5.9%
9-8-05 42.31% 25.00% 32.69% 100% 40.72% 9.6%
9-15-05 51.43% 20.00% 28.57% 100% 42.00% 22.9%
9-22-05 39.47% 28.07% 32.46% 100% 39.75% 7.0%
9-29-05 31.88% 28.99% 39.13% 100% 37.75% -7.3%
10-6-05 50.00% 22.58% 27.42% 100% 39.04% 22.6%
10-13-05 38.96% 12.99% 48.05% 100% 40.24% -9.1%
10-20-05 43.11% 20.96% 35.93% 100% 41.12% 7.2%
10-27-05 32.05% 21.79% 46.15% 100% 41.15% -14.1%
11-3-05 42.95% 29.49% 27.56% 100% 41.23% 15.4%
11-10-05 58.62% 18.39% 22.99% 100% 42.13% 35.6%
11-17-05 53.63% 24.58% 21.79% 100% 43.90% 31.8%
11-24-05 57.33% 26.67% 16.00% 100% 47.08% 41.3%
12-1-05 52.47% 24.07% 23.46% 100% 47.39% 29.0%
12-8-05 49.47% 31.58% 18.95% 100% 48.70% 30.5%
12-15-05 46.15% 31.73% 22.12% 100% 49.08% 24.0%
12-22-05 41.03% 30.77% 28.21% 100% 50.21% 12.8%
12-29-05 37.30% 26.19% 36.51% 100% 49.50% 0.8%
1-5-06 29.35% 30.43% 40.22% 100% 45.84% -10.9%
1-12-06 58.96% 21.97% 19.08% 100% 46.51% 39.9%
1-19-06 50.00% 24.17% 25.83% 100% 45.59% 24.2%
1-26-06 30.77% 35.90% 33.33% 100% 42.88% -2.6%
2-2-06 44.70% 21.97% 33.33% 100% 42.28% 11.4%
2-9-06 40.19% 25.23% 34.58% 100% 41.54% 5.6%
2-16-06 40.18% 24.11% 35.71% 100% 41.43% 4.5%
2-23-06 43.21% 28.40% 28.40% 100% 42.17% 14.8%
3-2-06 40.94% 29.92% 29.13% 100% 43.62% 11.8%
3-9-06 41.21% 28.02% 30.77% 100% 41.40% 10.4%
3-16-06 46.55% 20.69% 32.76% 100% 40.97% 13.8%
3-23-06 43.75% 28.75% 27.50% 100% 42.59% 16.3%
3-30-06 37.21% 30.23% 32.56% 100% 41.66% 4.7%
4-6-06 47.67% 29.07% 23.26% 100% 42.59% 24.4%
4-13-06 45.36% 26.80% 27.84% 100% 43.24% 17.5%
4-20-06 33.73% 25.44% 40.83% 100% 42.05% -7.1%
4-27-06 42.11% 21.93% 35.96% 100% 42.20% 6.2%
5-4-06 45.89% 20.55% 33.56% 100% 42.78% 12.3%
5-11-06 54.90% 17.65% 27.45% 100% 43.83% 27.5%
5-18-06 39.39% 16.97% 43.64% 100% 43.28% -4.3%
5-25-06 33.04% 21.43% 45.54% 100% 42.76% -12.5%
6-1-06 30.77% 19.23% 50.00% 100% 40.65% -19.2%
6-8-06 26.23% 28.69% 45.08% 100% 38.26% -18.9%
6-15-06 26.41% 18.61% 54.98% 100% 37.34% -28.6%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
6-22-06 34.40% 24.00% 41.60% 100% 36.38% -7.2%
6-29-06 38.60% 21.64% 39.77% 100% 35.47% -1.2%
7-6-06 37.70% 19.67% 42.62% 100% 33.32% -4.9%
7-13-06 36.50% 24.09% 39.42% 100% 32.96% -2.9%
7-20-06 23.85% 18.35% 57.80% 100% 31.81% -34.0%
7-27-06 34.88% 22.09% 43.02% 100% 32.32% -8.1%
8-3-06 31.46% 21.35% 47.19% 100% 32.98% -15.7%
8-10-06 36.59% 21.95% 41.46% 100% 34.25% -4.9%
8-17-06 30.53% 33.68% 35.79% 100% 33.76% -5.3%
8-24-06 39.35% 23.23% 37.42% 100% 33.86% 1.9%
8-31-06 41.57% 32.58% 25.84% 100% 34.34% 15.7%
9-7-06 42.99% 27.10% 29.91% 100% 35.15% 13.1%
9-14-06 47.95% 13.70% 38.36% 100% 38.17% 9.6%
9-21-06 47.75% 18.02% 34.23% 100% 39.77% 13.5%
9-28-06 51.32% 15.79% 32.89% 100% 42.26% 18.4%
10-5-06 37.78% 15.56% 46.67% 100% 42.41% -8.9%
10-12-06 48.98% 13.27% 37.76% 100% 44.71% 11.2%
10-19-06 54.20% 16.03% 29.77% 100% 46.57% 24.4%
10-26-06 52.17% 17.39% 30.43% 100% 47.89% 21.7%
11-2-06 43.75% 19.38% 36.88% 100% 47.99% 6.9%
11-9-06 50.60% 22.89% 26.51% 100% 48.32% 24.1%
11-16-06 46.56% 22.90% 30.53% 100% 48.17% 16.0%
11-23-06 41.94% 16.13% 41.94% 100% 47.00% 0.0%
11-30-06 40.22% 12.29% 47.49% 100% 47.30% -7.3%
12-7-06 38.94% 19.47% 41.59% 100% 46.05% -2.7%
12-14-06 41.33% 20.67% 38.00% 100% 44.44% 3.3%
12-21-06 39.08% 18.39% 42.53% 100% 42.80% -3.5%
12-28-06 46.00% 18.00% 36.00% 100% 43.08% 10.0%
1-4-07 49.14% 21.55% 29.31% 100% 42.90% 19.8%
1-11-07 44.44% 21.30% 34.26% 100% 42.64% 10.2%
1-18-07 57.78% 15.15% 27.27% 100% 44.62% 30.5%
1-25-07 39.51% 27.16% 33.33% 100% 44.53% 6.2%
2-1-07 46.32% 23.16% 30.53% 100% 45.45% 15.8%
2-8-07 46.15% 23.85% 30.00% 100% 46.05% 16.2%
2-15-07 47.57% 21.36% 31.07% 100% 47.11% 16.5%
2-22-07 53.85% 23.85% 22.31% 100% 48.10% 31.5%
3-1-07 36.63% 23.76% 39.60% 100% 46.53% -3.0%
3-8-07 35.80% 19.32% 44.89% 100% 45.45% -9.1%
3-15-07 32.99% 21.65% 45.36% 100% 42.35% -12.4%
3-22-07 43.88% 23.02% 33.09% 100% 42.90% 10.8%
3-29-07 42.68% 31.71% 25.61% 100% 42.44% 17.1%
4-5-07 32.26% 27.96% 39.78% 100% 40.71% -7.5%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
4-12-07 40.85% 21.13% 38.03% 100% 39.87% 2.8%
4-19-07 46.94% 23.47% 29.59% 100% 39.00% 17.4%
4-26-07 39.24% 22.78% 37.97% 100% 39.33% 1.3%
5-3-07 28.57% 17.14% 54.29% 100% 38.43% -25.7%
5-10-07 42.86% 14.29% 42.86% 100% 39.66% 0.0%
5-17-07 38.39% 25.00% 36.61% 100% 38.97% 1.8%
5-24-07 37.35% 24.10% 38.55% 100% 38.31% -1.2%
5-31-07 33.33% 21.88% 44.79% 100% 38.44% -11.5%
6-7-07 40.59% 16.83% 42.57% 100% 38.41% -2.0%
6-14-07 37.30% 19.05% 43.65% 100% 37.20% -6.4%
6-21-07 43.16% 23.16% 33.68% 100% 37.69% 9.5%
6-28-07 39.02% 25.20% 35.77% 100% 39.00% 3.3%
7-5-07 43.84% 23.29% 32.88% 100% 39.12% 11.0%
7-12-07 43.64% 26.36% 30.00% 100% 39.78% 13.6%
7-19-07 41.77% 21.52% 36.71% 100% 40.33% 5.1%
7-26-07 44.21% 18.95% 36.84% 100% 41.69% 7.4%
8-2-07 45.88% 14.12% 40.00% 100% 42.35% 5.9%
8-9-07 45.76% 15.25% 38.98% 100% 43.41% 6.8%
8-16-07 42.22% 12.22% 45.56% 100% 43.29% -3.3%
8-23-07 41.28% 15.60% 43.12% 100% 43.58% -1.8%
8-30-07 40.30% 13.43% 46.27% 100% 43.13% -6.0%
9-6-07 38.38% 19.19% 42.42% 100% 42.48% -4.0%
9-13-07 40.00% 24.71% 35.29% 100% 42.25% 4.7%
9-20-07 39.24% 29.11% 31.65% 100% 41.63% 7.6%
9-27-07 49.37% 16.46% 34.18% 100% 42.07% 15.2%
10-4-07 51.81% 22.89% 25.30% 100% 42.83% 26.5%
10-11-07 54.64% 19.59% 25.77% 100% 44.38% 28.9%
10-18-07 41.96% 22.32% 35.71% 100% 44.46% 6.3%
10-25-07 31.25% 20.54% 48.21% 100% 43.33% -17.0%
11-1-07 44.71% 18.82% 36.47% 100% 44.12% 8.2%
11-8-07 36.19% 12.38% 51.43% 100% 43.65% -15.2%
11-15-07 33.01% 17.48% 49.51% 100% 42.87% -16.5%
11-22-07 25.58% 21.71% 52.71% 100% 39.89% -27.1%
11-29-07 28.57% 15.31% 56.12% 100% 36.99% -27.6%
12-6-07 40.65% 19.51% 39.84% 100% 35.24% 0.8%
12-13-07 47.62% 16.67% 35.71% 100% 35.95% 11.9%
12-20-07 35.85% 16.98% 47.17% 100% 36.52% -11.3%
12-27-07 30.00% 20.00% 50.00% 100% 34.68% -20.0%
1-3-08 25.71% 19.05% 55.24% 100% 33.37% -29.5%
1-10-08 19.63% 21.50% 58.88% 100% 31.70% -39.3%
1-17-08 24.30% 21.30% 54.44% 100% 31.54% -30.1%
1-24-08 25.14% 15.85% 59.02% 100% 31.11% -33.9%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
1-31-08 30.08% 21.05% 48.87% 100% 29.79% -18.8%
2-7-08 34.11% 18.69% 47.20% 100% 28.10% -13.1%
2-14-08 33.33% 24.81% 41.86% 100% 27.79% -8.5%
2-21-08 33.18% 22.12% 44.70% 100% 28.19% -11.5%
2-28-08 34.31% 20.44% 45.26% 100% 29.26% -11.0%
3-6-08 21.98% 26.37% 51.65% 100% 29.55% -29.7%
3-13-08 20.42% 20.42% 59.15% 100% 29.07% -38.7%
3-20-08 25.21% 20.51% 54.27% 100% 29.08% -29.1%
3-27-08 41.60% 24.80% 33.60% 100% 30.52% 8.0%
4-3-08 36.70% 23.94% 39.36% 100% 30.84% -2.7%
4-10-08 45.76% 16.95% 37.29% 100% 32.40% 8.5%
4-17-08 30.37% 20.94% 48.69% 100% 32.04% -18.3%
4-24-08 46.67% 25.83% 27.50% 100% 33.59% 19.2%
5-1-08 53.29% 20.39% 26.32% 100% 37.50% 27.0%
5-8-08 52.81% 22.47% 24.72% 100% 41.55% 28.1%
5-15-08 45.16% 25.16% 29.68% 100% 44.05% 15.5%
5-22-08 46.30% 19.44% 34.26% 100% 44.63% 12.0%
5-29-08 31.36% 22.88% 45.76% 100% 43.97% -14.4%
6-5-08 43.48% 18.48% 38.04% 100% 43.68% 5.4%
6-12-08 31.25% 15.18% 53.57% 100% 43.79% -22.3%
6-19-08 32.98% 21.28% 45.74% 100% 42.08% -12.8%
6-26-08 31.25% 16.48% 52.27% 100% 39.32% -21.0%
7-3-08 23.93% 23.93% 52.14% 100% 35.71% -28.2%
7-10-08 22.17% 22.66% 55.17% 100% 32.84% -33.0%
7-17-08 25.00% 16.86% 58.14% 100% 30.18% -33.1%
7-24-08 35.82% 20.14% 44.03% 100% 30.74% -8.2%
7-31-08 40.00% 18.82% 41.18% 100% 30.30% -1.2%
8-7-08 35.61% 21.97% 42.42% 100% 30.85% -6.8%
8-14-08 42.86% 18.18% 38.96% 100% 32.08% 3.9%
8-21-08 38.10% 24.60% 37.30% 100% 32.94% 0.8%
8-28-08 30.68% 23.86% 45.45% 100% 33.78% -14.8%
9-4-08 37.04% 19.75% 43.21% 100% 35.64% -6.2%
9-11-08 29.27% 15.85% 54.88% 100% 36.17% -25.6%
9-18-08 27.21% 18.37% 54.42% 100% 35.10% -27.2%
9-25-08 34.04% 20.21% 45.74% 100% 34.35% -11.7%
10-2-08 33.33% 11.67% 55.00% 100% 34.07% -21.7%
10-9-08 31.47% 7.69% 60.84% 100% 32.64% -29.4%
10-16-08 40.94% 19.30% 39.77% 100% 33.00% 1.2%
10-23-08 38.74% 22.52% 38.74% 100% 34.01% 0.0%
10-30-08 37.14% 22.29% 40.57% 100% 34.02% -3.4%
11-6-08 44.83% 21.84% 33.33% 100% 35.96% 11.5%
11-13-08 38.33% 19.17% 42.50% 100% 37.35% -4.2%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
11-20-08 24.37% 18.49% 57.14% 100% 36.14% -32.8%
11-27-08 31.25% 23.86% 44.89% 100% 35.88% -13.6%
12-4-08 26.67% 25.56% 47.78% 100% 35.28% -21.1%
12-11-08 37.50% 22.66% 39.84% 100% 34.85% -2.3%
12-18-08 39.73% 24.66% 35.62% 100% 34.98% 4.1%
12-25-08 28.95% 27.19% 43.86% 100% 33.95% -14.9%
1-1-09 24.00% 21.33% 54.67% 100% 31.35% -30.7%
1-8-09 48.70% 16.23% 35.06% 100% 32.65% 13.6%
1-15-09 27.63% 25.00% 47.37% 100% 33.05% -19.7%
1-22-09 27.21% 26.47% 46.32% 100% 32.55% -19.1%
1-29-09 25.27% 27.47% 47.25% 100% 32.37% -22.0%
2-5-09 24.63% 31.34% 44.03% 100% 30.77% -19.4%
2-12-09 32.91% 27.85% 39.24% 100% 29.91% -6.3%
2-19-09 21.64% 21.64% 56.72% 100% 29.00% -35.1%
2-26-09 24.30% 20.56% 55.14% 100% 29.04% -30.8%
3-5-09 18.92% 10.81% 70.27% 100% 25.31% -51.4%
3-12-09 27.64% 17.89% 54.47% 100% 25.32% -26.8%
3-19-09 45.06% 16.67% 38.27% 100% 27.55% 6.8%
3-26-09 39.13% 18.48% 42.39% 100% 29.28% -3.3%
4-2-09 42.66% 20.28% 37.06% 100% 31.53% 5.6%
4-9-09 35.71% 20.00% 44.29% 100% 31.88% -8.6%
4-16-09 44.14% 20.00% 35.86% 100% 34.70% 8.3%
4-23-09 31.82% 29.55% 38.64% 100% 35.64% -6.8%
4-30-09 36.09% 20.30% 43.61% 100% 37.78% -7.5%
5-7-09 44.09% 22.58% 33.33% 100% 39.84% 10.8%
5-14-09 43.81% 20.95% 35.24% 100% 39.68% 8.6%
5-21-09 33.72% 20.93% 45.35% 100% 39.01% -11.6%
5-28-09 40.37% 11.01% 48.62% 100% 38.72% -8.3%
6-4-09 47.56% 15.85% 36.59% 100% 40.20% 11.0%
6-11-09 39.25% 21.50% 39.25% 100% 39.59% 0.0%
6-18-09 33.33% 20.24% 46.43% 100% 39.78% -13.1%
6-25-09 28.00% 23.20% 48.80% 100% 38.77% -20.8%
7-2-09 37.84% 17.57% 44.59% 100% 37.99% -6.8%
7-9-09 27.91% 17.44% 54.65% 100% 36.00% -26.7%
7-16-09 28.68% 24.26% 47.06% 100% 35.37% -18.4%
7-23-09 37.60% 20.00% 42.40% 100% 35.02% -4.8%
7-30-09 47.67% 20.93% 31.40% 100% 35.04% 16.3%
8-6-09 50.00% 14.84% 35.16% 100% 36.38% 14.8%
8-13-09 51.00% 16.00% 33.00% 100% 38.59% 18.0%
8-20-09 34.07% 25.93% 40.00% 100% 39.35% -5.9%
8-27-09 33.98% 17.48% 48.54% 100% 38.86% -14.6%
9-3-09 37.97% 24.05% 37.97% 100% 40.12% 0.0%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
9-10-09 37.33% 18.67% 44.00% 100% 41.20% -6.7%
9-17-09 42.14% 17.86% 40.00% 100% 41.77% 2.1%
9-24-09 39.09% 16.36% 44.55% 100% 40.70% -5.5%
10-1-09 43.55% 20.97% 35.48% 100% 39.89% 8.1%
10-8-09 35.09% 23.68% 41.23% 100% 37.90% -6.1%
10-15-09 47.30% 18.92% 33.78% 100% 39.56% 13.5%
10-22-09 40.48% 23.81% 35.71% 100% 40.37% 4.8%
10-29-09 33.65% 24.04% 42.31% 100% 39.83% -8.7%
11-5-09 22.22% 22.22% 55.56% 100% 37.94% -33.3%
11-12-09 38.60% 22.80% 38.60% 100% 37.50% 0.0%
11-19-09 42.73% 25.45% 31.82% 100% 37.95% 10.9%
11-26-09 41.66% 16.66% 41.66% 100% 37.72% 0.0%
12-3-09 41.58% 24.75% 33.66% 100% 38.53% 7.9%
12-10-09 42.68% 21.95% 35.37% 100% 37.95% 7.3%
12-17-09 42.11% 29.47% 28.42% 100% 38.15% 13.7%
12-24-09 37.68% 24.64% 37.68% 100% 38.66% 0.0%
12-31-09 49.18% 27.87% 22.95% 100% 42.03% 26.2%
1-7-10 41.00% 33.00% 26.00% 100% 42.33% 15.0%
1-14-10 47.44% 25.64% 26.92% 100% 42.92% 20.5%
1-21-10 40.00% 25.26% 34.74% 100% 42.71% 5.3%
1-28-10 35.00% 28.33% 36.67% 100% 41.89% -1.7%
2-4-10 29.23% 27.69% 43.08% 100% 40.21% -13.9%
2-11-10 36.75% 21.37% 41.88% 100% 39.54% -5.1%
2-18-10 35.85% 28.93% 35.22% 100% 39.31% 0.6%
2-25-10 34.89% 35.57% 29.53% 100% 37.52% 5.4%
3-4-10 35.86% 37.93% 26.21% 100% 36.88% 9.7%
3-11-10 45.29% 29.41% 25.29% 100% 36.61% 20.0%
3-18-10 35.37% 34.76% 29.88% 100% 36.03% 5.5%
3-25-10 32.39% 32.95% 34.66% 100% 35.70% -2.3%
4-1-10 41.30% 27.54% 31.16% 100% 37.21% 10.1%
4-8-10 42.86% 26.79% 30.36% 100% 37.98% 12.5%
4-15-10 48.48% 21.82% 29.70% 100% 39.56% 18.8%
4-22-10 38.12% 27.62% 34.25% 100% 39.96% 3.9%
4-29-10 41.36% 30.00% 28.64% 100% 40.65% 12.7%
5-6-10 39.13% 32.30% 28.57% 100% 39.88% 10.6%
5-13-10 36.60% 26.80% 36.60% 100% 40.03% 0.0%
5-20-10 41.30% 25.00% 33.70% 100% 41.14% 7.6%
5-27-10 29.83% 19.30% 50.88% 100% 39.71% -21.1%
6-3-10 37.09% 22.07% 40.85% 100% 38.99% -3.8%
6-10-10 34.48% 22.41% 43.10% 100% 37.24% -8.6%
6-17-10 42.45% 26.89% 30.66% 100% 37.78% 11.8%
6-24-10 34.46% 33.11% 32.43% 100% 36.92% 2.0%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
7-1-10 24.68% 33.33% 41.99% 100% 35.11% -17.3%
7-8-10 20.94% 21.99% 57.07% 100% 33.15% -36.1%
7-15-10 39.37% 22.84% 37.80% 100% 32.91% 1.6%
7-22-10 32.16% 22.81% 45.03% 100% 33.20% -12.9%
7-29-10 40.00% 26.67% 33.33% 100% 33.57% 6.7%
8-5-10 30.39% 31.37% 38.24% 100% 33.06% -7.9%
8-12-10 39.76% 30.12% 30.12% 100% 32.72% 9.6%
8-19-10 30.11% 27.42% 42.47% 100% 32.18% -12.4%
8-26-10 20.74% 29.79% 49.47% 100% 31.68% -28.7%
9-2-10 30.80% 27.00% 42.21% 100% 32.92% -11.4%
9-9-10 43.87% 24.51% 31.61% 100% 33.48% 12.3%
9-16-10 50.89% 24.85% 24.26% 100% 35.82% 26.6%
9-23-10 44.97% 29.63% 25.40% 100% 36.44% 19.6%
9-30-10 42.53% 25.86% 31.61% 100% 37.96% 10.9%
10-7-10 49.03% 23.23% 27.74% 100% 39.12% 21.3%
10-14-10 47.10% 26.09% 26.81% 100% 41.24% 20.3%
10-21-10 49.62% 25.19% 25.19% 100% 44.85% 24.4%
10-28-10 51.23% 27.16% 21.60% 100% 47.41% 29.6%
11-4-10 48.23% 21.99% 29.79% 100% 47.95% 18.4%
11-11-10 57.56% 13.95% 28.49% 100% 48.78% 29.1%
11-18-10 40.00% 27.50% 32.50% 100% 48.16% 7.5%
11-25-10 47.40% 27.92% 24.68% 100% 48.77% 22.7%
12-2-10 49.66% 24.14% 26.21% 100% 48.85% 23.5%
12-9-10 53.05% 24.39% 22.56% 100% 49.59% 30.5%
12-16-10 50.23% 22.62% 27.15% 100% 49.67% 23.1%
12-23-10 63.28% 20.31% 16.40% 100% 51.18% 46.9%
12-30-10 51.61% 28.34% 20.05% 100% 51.60% 31.6%
1-6-11 55.88% 25.86% 18.25% 100% 51.39% 37.6%
1-13-11 52.34% 24.22% 23.44% 100% 52.93% 28.9%
1-20-11 50.75% 20.15% 29.10% 100% 53.35% 21.7%
1-27-11 42.04% 23.67% 34.29% 100% 52.40% 7.8%
2-3-11 51.54% 21.59% 26.87% 100% 52.21% 24.7%
2-10-11 49.40% 23.69% 26.91% 100% 52.11% 22.5%
2-17-11 46.58% 27.85% 25.57% 100% 50.02% 21.0%
2-24-11 36.63% 27.23% 36.14% 100% 48.15% 0.5%
3-3-11 36.79% 30.05% 33.16% 100% 45.76% 3.6%
3-10-11 35.97% 31.71% 32.32% 100% 43.71% 3.7%
3-17-11 28.49% 31.39% 40.12% 100% 40.93% -11.6%
3-24-11 37.74% 27.27% 34.97% 100% 40.39% 2.8%
3-31-11 41.81% 27.12% 31.07% 100% 39.18% 10.7%
4-7-11 43.59% 27.56% 28.85% 100% 38.45% 14.7%
4-14-11 42.25% 26.76% 30.99% 100% 37.91% 11.3%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
4-21-11 32.16% 36.84% 30.99% 100% 37.35% 1.2%
4-28-11 37.90% 31.45% 30.65% 100% 37.49% 7.3%
5-5-11 35.46% 32.67% 31.87% 100% 37.43% 3.6%
5-12-11 30.77% 33.73% 35.50% 100% 37.71% -4.7%
5-19-11 26.69% 32.02% 41.29% 100% 36.33% -14.6%
5-26-11 25.61% 32.97% 41.42% 100% 34.30% -15.8%
6-2-11 30.18% 36.39% 33.43% 100% 32.63% -3.3%
6-9-11 24.42% 27.91% 47.67% 100% 30.40% -23.3%
6-16-11 29.00% 28.25% 42.75% 100% 30.00% -13.8%
6-23-11 37.46% 26.80% 35.74% 100% 29.95% 1.7%
6-30-11 38.31% 31.49% 30.19% 100% 30.31% 8.1%
7-7-11 41.77% 33.54% 24.68% 100% 31.68% 17.1%
7-14-11 39.31% 31.45% 29.25% 100% 33.26% 10.1%
7-21-11 39.86% 29.54% 30.61% 100% 35.04% 9.3%
7-28-11 37.84% 30.74% 31.42% 100% 36.00% 6.4%
8-4-11 27.16% 22.99% 49.85% 100% 36.34% -22.7%
8-11-11 33.43% 21.79% 44.78% 100% 36.89% -11.4%
8-18-11 35.56% 24.62% 39.82% 100% 36.66% -4.3%
8-25-11 36.44% 22.60% 40.96% 100% 36.42% -4.5%
9-1-11 38.62% 29.04% 32.34% 100% 36.03% 6.3%
9-8-11 30.22% 29.50% 40.29% 100% 34.89% -10.1%
9-15-11 30.50% 28.15% 41.35% 100% 33.72% -10.9%
9-22-11 25.33% 26.67% 48.00% 100% 32.16% -22.7%
9-29-11 32.51% 20.68% 46.79% 100% 32.83% -14.3%
10-6-11 35.23% 19.04% 45.71% 100% 33.05% -10.5%
10-13-11 39.77% 23.86% 36.36% 100% 33.58% 3.4%
10-20-11 35.98% 29.41% 34.60% 100% 33.52% 1.4%
10-27-11 43.00% 32.00% 25.00% 100% 34.07% 18.0%
11-3-11 40.18% 30.20% 29.62% 100% 35.31% 10.6%
11-10-11 44.73% 30.70% 24.56% 100% 37.09% 20.2%
11-17-11 41.93% 27.01% 31.04% 100% 39.17% 10.9%
11-24-11 32.71% 29.01% 38.27% 100% 39.19% -5.6%
12-1-11 33.04% 27.53% 39.42% 100% 38.92% -6.4%
12-8-11 38.57% 26.66% 34.76% 100% 38.77% 3.8%
12-15-11 40.18% 26.16% 33.64% 100% 39.29% 6.5%
12-22-11 33.73% 38.04% 28.24% 100% 38.13% 5.5%
12-29-11 40.60% 28.57% 30.83% 100% 38.19% 9.8%
1-5-12 48.88% 33.95% 17.16% 100% 38.70% 31.7%
1-12-12 49.14% 33.68% 17.18% 100% 39.61% 32.0%
1-19-12 47.23% 29.15% 23.61% 100% 41.42% 23.6%
1-26-12 48.40% 32.69% 18.91% 100% 43.34% 29.5%
2-2-12 43.81% 31.12% 25.08% 100% 43.99% 18.7%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
2-9-12 51.64% 28.17% 20.19% 100% 45.43% 31.5%
2-16-12 42.71% 30.65% 26.63% 100% 46.55% 16.1%
2-23-12 43.69% 28.80% 27.51% 100% 46.94% 16.2%
3-1-12 44.51% 28.66% 26.83% 100% 46.39% 17.7%
3-8-12 42.38% 28.62% 29.00% 100% 45.55% 13.4%
3-15-12 45.61% 27.20% 27.20% 100% 45.34% 18.4%
3-22-12 42.38% 29.80% 27.81% 100% 44.59% 14.6%
3-29-12 42.47% 32.05% 25.48% 100% 44.42% 17.0%
4-5-12 38.17% 34.02% 27.80% 100% 42.74% 10.4%
4-12-12 28.14% 30.30% 41.56% 100% 40.92% -13.4%
4-19-12 31.18% 34.98% 33.84% 100% 39.36% -2.7%
4-26-12 27.64% 34.96% 37.40% 100% 37.25% -9.8%
5-3-12 35.40% 36.13% 28.47% 100% 36.37% 6.9%
5-10-12 25.40% 32.54% 42.06% 100% 33.85% -16.7%
5-17-12 23.58% 30.45% 45.97% 100% 31.50% -22.4%
5-24-12 30.47% 30.86% 38.67% 100% 30.00% -8.2%
5-31-12 28.02% 29.96% 42.02% 100% 28.73% -14.0%
6-7-12 27.45% 26.80% 45.75% 100% 28.64% -18.3%
6-14-12 34.04% 30.18% 35.79% 100% 29.00% -1.8%
6-21-12 32.89% 31.23% 35.88% 100% 29.66% -3.0%
6-28-12 28.67% 26.96% 44.37% 100% 28.81% -15.7%
7-5-12 32.64% 34.03% 33.33% 100% 29.72% -0.7%
7-12-12 30.23% 35.05% 34.73% 100% 30.55% -4.5%
7-19-12 22.19% 36.02% 41.79% 100% 29.51% -19.6%
7-26-12 28.12% 28.75% 43.13% 100% 29.53% -15.0%
8-2-12 30.45% 34.63% 34.93% 100% 29.90% -4.5%
8-9-12 36.47% 36.18% 27.35% 100% 30.21% 9.1%
8-16-12 36.84% 35.09% 28.07% 100% 30.70% 8.8%
8-23-12 41.96% 32.17% 25.87% 100% 32.36% 16.1%
8-30-12 34.72% 32.64% 32.64% 100% 32.62% 2.1%
9-6-12 33.06% 33.88% 33.06% 100% 32.98% 0.0%
9-13-12 36.46% 30.56% 32.99% 100% 34.76% 3.5%
9-20-12 37.50% 28.72% 33.78% 100% 35.93% 3.7%
9-27-12 36.10% 27.44% 36.46% 100% 36.64% -0.4%
10-4-12 33.86% 32.91% 33.23% 100% 36.31% 0.6%
10-11-12 30.58% 30.58% 38.85% 100% 35.53% -8.3%
10-18-12 28.66% 26.79% 44.55% 100% 33.87% -15.9%
10-25-12 29.25% 27.67% 43.08% 100% 33.18% -13.8%
11-1-12 35.74% 23.28% 40.98% 100% 33.52% -5.2%
11-8-12 38.50% 21.60% 39.91% 100% 33.77% -1.4%
11-15-12 28.82% 22.35% 48.82% 100% 32.69% -20.0%
11-22-12 35.82% 23.40% 40.78% 100% 32.65% -5.0%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
11-28-12 40.93% 24.71% 34.36% 100% 33.54% 6.6%
12-6-12 42.22% 23.17% 34.60% 100% 34.99% 7.6%
12-13-12 43.23% 26.69% 30.08% 100% 36.81% 13.2%
12-20-12 46.40% 28.80% 24.80% 100% 38.96% 21.6%
12-27-12 44.40% 25.37% 30.22% 100% 40.04% 14.2%
1-3-13 38.71% 25.09% 36.20% 100% 40.07% 2.5%
1-10-13 46.45% 26.63% 26.92% 100% 42.27% 19.5%
1-17-13 43.94% 28.73% 27.32% 100% 43.29% 16.6%
1-24-13 52.34% 23.39% 24.27% 100% 44.71% 28.1%
1-31-13 48.04% 27.65% 24.30% 100% 45.44% 23.7%
2-7-13 42.77% 27.67% 29.56% 100% 45.38% 13.2%
2-14-13 42.25% 29.01% 28.73% 100% 44.86% 13.5%
2-21-13 41.79% 25.71% 32.50% 100% 44.54% 9.3%
2-28-13 28.39% 35.02% 36.59% 100% 43.25% -8.2%
3-7-13 31.06% 30.43% 38.51% 100% 41.32% -7.5%
3-14-13 45.42% 22.55% 32.03% 100% 41.51% 13.4%
3-21-13 38.94% 27.72% 33.33% 100% 39.83% 5.6%
3-28-13 38.40% 32.95% 28.65% 100% 38.63% 9.7%
4-4-13 35.49% 36.34% 28.17% 100% 37.72% 7.3%
4-11-13 19.31% 26.21% 54.48% 100% 34.85% -35.2%
4-18-13 26.85% 24.93% 48.22% 100% 32.98% -21.4%
4-25-13 28.29% 32.89% 38.82% 100% 32.97% -10.5%
5-2-13 30.99% 33.10% 35.92% 100% 32.96% -4.9%
5-9-13 40.79% 31.77% 27.44% 100% 32.38% 13.4%
5-16-13 38.49% 32.18% 29.34% 100% 32.33% 9.1%
5-23-13 48.97% 29.45% 21.58% 100% 33.65% 27.4%
5-30-13 35.97% 34.39% 29.64% 100% 33.71% 6.3%
6-6-13 29.47% 31.58% 38.95% 100% 34.98% -9.5%
6-13-13 32.97% 32.43% 34.59% 100% 35.74% -1.6%
6-20-13 37.45% 32.58% 29.96% 100% 36.89% 7.5%
6-27-13 30.28% 34.56% 35.17% 100% 36.80% -4.9%
7-4-13 41.99% 34.16% 23.84% 100% 36.95% 18.1%
7-11-13 48.94% 32.77% 18.30% 100% 38.26% 30.6%
7-18-13 47.74% 31.01% 21.25% 100% 38.10% 26.5%
7-25-13 45.12% 32.32% 22.56% 100% 39.24% 22.6%
8-1-13 35.62% 39.38% 25.00% 100% 40.01% 10.6%
8-8-13 39.50% 33.86% 26.65% 100% 40.83% 12.9%
8-15-13 34.51% 37.32% 28.17% 100% 40.46% 6.3%
8-22-13 28.96% 28.19% 42.86% 100% 40.30% -13.9%
8-29-13 33.54% 35.71% 30.75% 100% 39.24% 2.8%
9-5-13 35.53% 33.22% 31.25% 100% 37.56% 4.3%
9-12-13 45.52% 29.90% 24.58% 100% 37.29% 20.9%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
9-19-13 45.11% 25.19% 29.70% 100% 37.28% 15.4%
9-26-13 36.05% 33.33% 30.61% 100% 37.34% 5.4%
10-3-13 37.84% 32.09% 30.07% 100% 37.13% 7.8%
10-10-13 41.33% 25.09% 33.58% 100% 37.98% 7.7%
10-17-13 46.28% 28.80% 24.92% 100% 40.15% 21.4%
10-24-13 49.20% 33.23% 17.57% 100% 42.11% 31.6%
10-31-13 44.97% 33.56% 21.48% 100% 43.29% 23.5%
11-7-13 45.48% 32.71% 21.81% 100% 43.28% 23.7%
11-14-13 39.20% 33.33% 27.47% 100% 42.54% 11.7%
11-21-13 34.39% 36.13% 29.48% 100% 42.34% 4.9%
11-28-13 47.30% 24.44% 28.25% 100% 43.52% 19.0%
12-5-13 42.64% 29.81% 27.55% 100% 43.68% 15.1%
12-12-13 41.27% 33.73% 25.00% 100% 43.06% 16.3%
12-19-13 47.46% 27.46% 25.08% 100% 42.84% 22.4%
12-26-13 55.06% 26.40% 18.54% 100% 44.10% 36.5%
1-2-14 43.09% 27.64% 29.27% 100% 43.80% 13.8%
1-9-14 43.62% 31.38% 25.00% 100% 44.35% 18.6%
1-16-14 38.99% 39.52% 21.49% 100% 44.93% 17.5%
1-23-14 38.12% 38.12% 23.76% 100% 43.78% 14.4%
1-30-14 32.18% 35.06% 32.76% 100% 42.47% -0.6%
2-6-14 27.90% 35.70% 36.41% 100% 40.80% -8.5%
2-13-14 40.15% 32.51% 27.34% 100% 39.89% 12.8%
2-20-14 42.20% 35.00% 22.80% 100% 38.28% 19.4%
2-27-14 39.69% 39.18% 21.13% 100% 37.86% 18.6%
3-6-14 40.51% 32.86% 26.63% 100% 37.47% 13.9%
3-13-14 41.34% 31.84% 26.82% 100% 37.76% 14.5%
3-20-14 36.78% 37.07% 26.15% 100% 37.59% 10.6%
3-27-14 31.16% 40.23% 28.61% 100% 37.47% 2.5%
4-3-14 35.36% 37.86% 26.79% 100% 38.40% 8.6%
4-10-14 28.48% 37.42% 34.11% 100% 36.94% -5.6%
4-17-14 27.22% 38.53% 34.25% 100% 35.07% -7.0%
4-24-14 34.50% 39.47% 26.02% 100% 34.42% 8.5%
5-1-14 29.77% 40.78% 29.45% 100% 33.08% 0.3%
5-8-14 28.34% 42.99% 28.66% 100% 31.45% -0.3%
5-15-14 33.12% 44.27% 22.61% 100% 30.99% 10.5%
5-22-14 30.43% 43.17% 26.40% 100% 30.90% 4.0%
5-29-14 36.46% 40.33% 23.20% 100% 31.04% 13.3%
6-5-14 39.51% 38.27% 22.22% 100% 32.42% 17.3%
6-12-14 44.69% 34.06% 21.25% 100% 34.60% 23.4%
6-19-14 35.17% 40.70% 24.13% 100% 34.69% 11.0%
6-26-14 37.22% 41.69% 21.09% 100% 35.62% 16.1%
7-3-14 38.51% 39.10% 22.39% 100% 36.89% 16.1%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
7-10-14 37.64% 33.71% 28.65% 100% 37.45% 9.0%
7-17-14 32.36% 39.16% 28.48% 100% 37.70% 3.9%
7-24-14 29.63% 40.43% 29.94% 100% 36.84% -0.3%
7-31-14 31.12% 37.76% 31.12% 100% 35.79% 0.0%
8-7-14 30.89% 30.89% 38.23% 100% 34.07% -7.3%
8-14-14 39.81% 33.23% 26.96% 100% 34.65% 12.9%
8-21-14 46.11% 30.24% 23.65% 100% 35.76% 22.5%
8-28-14 51.92% 28.85% 19.23% 100% 37.44% 32.7%
9-4-14 44.67% 31.36% 23.96% 100% 38.31% 20.7%
9-11-14 40.38% 33.01% 26.60% 100% 39.32% 13.8%
9-18-14 42.24% 34.78% 22.98% 100% 40.89% 19.3%
9-25-14 41.84% 29.93% 28.23% 100% 42.23% 13.6%
10-2-14 35.42% 33.68% 30.90% 100% 42.80% 4.5%
10-9-14 39.88% 29.14% 30.98% 100% 42.81% 8.9%
10-16-14 42.66% 23.64% 33.70% 100% 42.38% 9.0%
10-23-14 49.69% 27.81% 22.50% 100% 42.10% 27.2%
10-30-14 49.37% 29.56% 21.07% 100% 42.68% 28.3%
11-6-14 52.69% 32.26% 15.05% 100% 44.22% 37.6%
11-13-14 57.93% 22.76% 19.31% 100% 46.18% 38.6%
11-20-14 49.12% 27.06% 23.82% 100% 47.09% 25.3%
11-27-14 52.15% 27.06% 20.79% 100% 49.19% 31.4%
12-4-14 42.68% 31.38% 25.94% 100% 49.54% 16.7%
12-11-14 45.02% 32.65% 22.34% 100% 49.83% 22.7%
12-18-14 38.74% 34.39% 26.88% 100% 48.46% 11.9%
12-25-14 50.94% 30.19% 18.87% 100% 48.66% 32.1%
1-1-15 51.74% 28.96% 19.31% 100% 48.54% 32.4%
1-8-15 41.01% 31.30% 27.70% 100% 46.42% 13.3%
1-15-15 46.11% 32.40% 21.50% 100% 46.05% 24.6%
1-22-15 37.14% 32.06% 30.79% 100% 44.17% 6.3%
1-29-15 44.17% 33.44% 22.39% 100% 44.36% 21.8%
2-5-15 35.49% 32.08% 32.42% 100% 43.17% 3.1%
2-12-15 40.00% 39.67% 20.33% 100% 43.33% 19.7%
2-19-15 47.02% 35.10% 17.88% 100% 42.84% 29.1%
2-26-15 45.37% 34.33% 20.30% 100% 42.04% 25.1%
3-5-15 39.80% 36.84% 23.36% 100% 41.89% 16.4%
3-12-15 31.60% 43.00% 25.41% 100% 40.08% 6.2%
3-19-15 27.16% 41.36% 31.48% 100% 38.83% -4.3%
3-26-15 38.43% 37.19% 24.38% 100% 38.11% 14.0%
4-2-15 35.40% 32.65% 31.96% 100% 38.10% 3.4%
4-9-15 28.70% 47.15% 24.15% 100% 36.68% 4.6%
4-16-15 32.07% 45.15% 22.78% 100% 34.82% 9.3%
4-23-15 31.47% 45.34% 23.19% 100% 33.08% 8.3%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
4-30-15 30.84% 47.21% 21.95% 100% 31.96% 8.9%
5-7-15 27.06% 46.10% 26.84% 100% 31.39% 0.2%
5-14-15 26.74% 46.90% 26.36% 100% 31.34% 0.4%
5-21-15 25.21% 49.79% 25.00% 100% 29.69% 0.2%
5-28-15 27.00% 47.86% 25.14% 100% 28.64% 1.9%
6-4-15 27.34% 48.03% 24.63% 100% 28.47% 2.7%
6-11-15 20.04% 47.38% 32.58% 100% 26.96% -12.5%
6-18-15 25.41% 40.29% 34.30% 100% 26.20% -8.9%
6-25-15 35.56% 42.78% 21.67% 100% 26.79% 13.9%
7-2-15 22.61% 42.30% 35.09% 100% 26.24% -12.5%
7-9-15 27.91% 42.92% 29.18% 100% 26.38% -1.3%
7-16-15 30.81% 45.95% 23.24% 100% 27.08% 7.6%
7-23-15 32.54% 41.87% 25.60% 100% 27.78% 6.9%
7-30-15 21.11% 38.19% 40.70% 100% 27.00% -19.6%
8-6-15 24.32% 44.03% 31.66% 100% 27.53% -7.3%
8-13-15 30.45% 33.40% 36.15% 100% 28.16% -5.7%
8-20-15 26.82% 39.85% 33.33% 100% 27.07% -6.5%
8-27-15 32.50% 29.23% 38.27% 100% 28.31% -5.8%
9-3-15 32.38% 35.94% 31.67% 100% 28.87% 0.7%
9-10-15 34.65% 30.34% 35.01% 100% 29.35% -0.4%
9-17-15 33.26% 37.60% 29.13% 100% 29.44% 4.1%
9-24-15 32.12% 39.19% 28.69% 100% 30.81% 3.4%
10-1-15 28.11% 31.98% 39.92% 100% 31.29% -11.8%
10-8-15 37.52% 34.29% 28.19% 100% 32.17% 9.3%
10-15-15 34.08% 38.78% 27.14% 100% 33.08% 6.9%
10-22-15 34.77% 41.21% 24.02% 100% 33.36% 10.7%
10-29-15 40.39% 39.02% 20.59% 100% 34.36% 19.8%
11-5-15 39.00% 42.40% 18.60% 100% 34.91% 20.4%
11-12-15 34.27% 42.72% 23.00% 100% 35.03% 11.3%
11-19-15 30.77% 38.68% 30.55% 100% 34.86% 0.2%
11-26-15 32.36% 41.61% 26.03% 100% 35.40% 6.3%
12-3-15 29.49% 49.31% 21.20% 100% 34.39% 8.3%
12-10-15 28.51% 41.61% 29.89% 100% 33.69% -1.4%
12-17-15 23.87% 36.75% 39.38% 100% 32.33% -15.5%
12-24-15 26.38% 42.13% 31.49% 100% 30.58% -5.1%
12-31-15 25.07% 51.31% 23.62% 100% 28.84% 1.5%
1-7-16 22.17% 39.57% 38.26% 100% 27.33% -16.1%
1-14-16 17.90% 36.58% 45.53% 100% 25.72% -27.6%
1-21-16 21.52% 29.77% 48.71% 100% 24.36% -27.2%
1-28-16 29.75% 30.28% 39.96% 100% 24.40% -10.2%
2-4-16 27.55% 37.74% 34.72% 100% 24.28% -7.2%
2-11-16 19.24% 32.06% 48.70% 100% 23.70% -29.5%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
2-18-16 27.56% 34.64% 37.80% 100% 23.85% -10.2%
2-25-16 31.19% 37.39% 31.42% 100% 24.61% -0.2%
3-3-16 32.02% 38.74% 29.25% 100% 25.84% 2.8%
3-10-16 37.36% 38.27% 24.37% 100% 28.27% 13.0%
3-17-16 29.96% 43.18% 26.86% 100% 29.33% 3.1%
3-24-16 33.78% 42.51% 23.71% 100% 29.83% 10.1%
3-31-16 27.18% 47.06% 25.76% 100% 29.79% 1.4%
4-7-16 32.19% 46.35% 21.46% 100% 31.41% 10.7%
4-14-16 27.85% 47.26% 24.89% 100% 31.44% 3.0%
4-21-16 33.41% 42.67% 23.92% 100% 31.72% 9.5%
4-28-16 27.37% 44.03% 28.60% 100% 31.14% -1.2%
5-5-16 22.33% 47.33% 30.34% 100% 29.26% -8.0%
5-12-16 20.41% 48.30% 31.29% 100% 28.06% -10.9%
5-19-16 19.34% 46.56% 34.10% 100% 26.26% -14.8%
5-26-16 17.75% 52.86% 29.39% 100% 25.08% -11.6%
6-2-16 30.17% 40.78% 29.05% 100% 24.83% 1.1%
6-9-16 27.83% 44.34% 27.83% 100% 24.82% 0.0%
6-16-16 25.35% 37.15% 37.50% 100% 23.82% -12.2%
6-23-16 21.97% 42.80% 35.23% 100% 23.14% -13.3%
6-30-16 28.91% 37.67% 33.42% 100% 23.97% -4.5%
7-7-16 31.06% 42.29% 26.65% 100% 25.30% 4.4%
7-14-16 36.87% 38.71% 24.42% 100% 27.49% 12.4%
7-21-16 35.43% 37.85% 26.72% 100% 29.70% 8.7%
7-28-16 31.25% 40.34% 28.41% 100% 29.83% 2.8%
8-4-16 29.79% 43.44% 26.77% 100% 30.08% 3.0%
8-11-16 31.29% 41.95% 26.76% 100% 30.82% 4.5%
8-18-16 35.56% 38.08% 26.36% 100% 32.52% 9.2%
8-25-16 29.42% 40.94% 29.64% 100% 32.58% -0.2%
9-1-16 28.60% 39.87% 31.52% 100% 32.28% -2.9%
9-8-16 29.75% 41.77% 28.48% 100% 31.39% 1.3%
9-15-16 27.94% 36.14% 35.92% 100% 30.45% -8.0%
9-22-16 24.83% 36.89% 38.28% 100% 29.65% -13.5%
9-29-16 24.00% 38.89% 37.11% 100% 28.92% -13.1%
10-6-16 28.79% 43.30% 27.90% 100% 28.61% 0.9%
10-13-16 25.47% 40.80% 33.73% 100% 27.35% -8.3%
10-20-16 23.74% 38.45% 37.82% 100% 26.64% -14.1%
10-27-16 24.75% 41.18% 34.07% 100% 26.16% -9.3%
11-3-16 23.64% 42.05% 34.32% 100% 25.40% -10.7%
11-10-16 38.89% 31.78% 29.33% 100% 26.76% 9.6%
11-17-16 46.65% 26.77% 26.57% 100% 29.49% 20.1%
11-24-16 49.89% 28.03% 22.08% 100% 32.73% 27.8%
12-1-16 43.78% 31.12% 25.10% 100% 34.60% 18.7%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
12-8-16 43.12% 30.39% 26.49% 100% 36.81% 16.6%
12-15-16 44.66% 23.01% 32.33% 100% 39.42% 12.3%
12-22-16 44.61% 26.24% 29.15% 100% 41.90% 15.5%
12-29-16 45.57% 28.69% 25.74% 100% 44.65% 19.8%
1-5-17 46.20% 28.57% 25.23% 100% 45.56% 21.0%
1-12-17 43.64% 29.39% 26.97% 100% 45.18% 16.7%
1-19-17 37.01% 30.32% 32.68% 100% 43.57% 4.3%
1-26-17 31.58% 34.93% 33.49% 100% 42.05% -1.9%
2-2-17 32.80% 33.03% 34.17% 100% 40.76% -1.4%
2-9-17 35.80% 36.54% 27.65% 100% 39.65% 8.1%
2-16-17 33.09% 34.55% 32.36% 100% 38.21% 0.7%
2-23-17 38.46% 29.23% 32.31% 100% 37.32% 6.2%
3-2-17 37.91% 26.47% 35.62% 100% 36.29% 2.3%
3-9-17 30.00% 23.50% 46.50% 100% 34.58% -16.5%
3-16-17 31.17% 30.13% 38.70% 100% 33.85% -7.5%
3-23-17 35.28% 34.22% 30.50% 100% 34.31% 4.8%
3-30-17 30.22% 32.40% 37.38% 100% 33.99% -7.2%
4-6-17 28.30% 32.08% 39.62% 100% 33.05% -11.3%
4-13-17 28.97% 33.64% 37.38% 100% 32.54% -8.4%
4-20-17 25.71% 35.59% 38.70% 100% 30.94% -13.0%
4-27-17 38.05% 30.24% 31.71% 100% 30.96% 6.3%
5-4-17 38.07% 31.98% 29.95% 100% 31.97% 8.1%
5-11-17 32.73% 37.05% 30.22% 100% 32.17% 2.5%
5-18-17 23.85% 41.90% 34.25% 100% 30.74% -10.4%
5-25-17 32.86% 37.14% 30.00% 100% 31.07% 2.9%
6-1-17 26.92% 41.54% 31.54% 100% 30.90% -4.6%
6-8-17 35.43% 35.04% 29.53% 100% 31.70% 5.9%
6-15-17 32.27% 38.25% 29.48% 100% 32.52% 2.8%
6-22-17 32.65% 38.44% 28.91% 100% 31.85% 3.7%
6-29-17 29.71% 43.43% 26.86% 100% 30.80% 2.9%
7-6-17 29.58% 40.56% 29.86% 100% 30.41% -0.3%
7-13-17 28.24% 42.13% 29.63% 100% 30.96% -1.4%
7-20-17 35.48% 38.71% 25.81% 100% 31.29% 9.7%
7-27-17 34.46% 41.22% 24.32% 100% 32.23% 10.1%
8-3-17 36.11% 31.79% 32.10% 100% 32.31% 4.0%
8-10-17 33.67% 34.00% 32.33% 100% 32.49% 1.3%
8-17-17 34.17% 33.03% 32.80% 100% 32.68% 1.4%
8-24-17 28.10% 33.61% 38.29% 100% 32.48% -10.2%
8-31-17 25.00% 35.11% 39.89% 100% 31.90% -14.9%
9-7-17 29.28% 34.98% 35.74% 100% 32.03% -6.5%
9-14-17 41.29% 36.74% 21.97% 100% 32.76% 19.3%
9-21-17 40.14% 32.65% 27.21% 100% 33.47% 12.9%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
9-28-17 33.33% 37.93% 28.74% 100% 33.12% 4.6%
10-5-17 35.60% 31.60% 32.80% 100% 33.36% 2.8%
10-12-17 39.77% 33.33% 26.90% 100% 34.06% 12.9%
10-19-17 37.93% 34.14% 27.93% 100% 35.29% 10.0%
10-26-17 39.64% 27.33% 33.03% 100% 37.12% 6.6%
11-2-17 45.05% 26.37% 28.57% 100% 39.09% 16.5%
11-9-17 45.10% 31.82% 23.08% 100% 39.57% 22.0%
11-16-17 29.35% 35.43% 35.22% 100% 38.22% -5.9%
11-23-17 35.49% 35.49% 29.01% 100% 38.49% 6.5%
11-30-17 35.95% 32.43% 31.62% 100% 38.54% 4.3%
12-7-17 36.88% 28.90% 34.22% 100% 38.17% 2.7%
12-14-17 45.00% 26.88% 28.13% 100% 39.06% 16.9%
12-21-17 50.50% 23.88% 25.62% 100% 40.42% 24.9%
12-28-17 52.65% 26.72% 20.63% 100% 41.36% 32.0%
1-4-18 59.75% 24.69% 15.56% 100% 43.19% 44.2%
1-11-18 48.67% 26.25% 25.07% 100% 45.61% 23.6%
1-18-18 54.11% 24.50% 21.39% 100% 47.94% 32.7%
1-25-18 45.45% 30.52% 24.03% 100% 49.13% 21.4%
2-1-18 44.77% 26.47% 28.76% 100% 50.11% 16.0%
2-8-18 37.03% 27.96% 35.01% 100% 49.12% 2.0%
2-15-18 48.52% 30.07% 21.41% 100% 48.87% 27.1%
2-22-18 44.65% 32.56% 22.79% 100% 47.87% 21.9%
3-1-18 37.28% 39.31% 23.41% 100% 45.06% 13.9%
3-8-18 26.40% 45.21% 28.38% 100% 42.28% -2.0%
3-15-18 36.84% 41.83% 21.33% 100% 40.12% 15.5%
3-22-18 33.23% 38.28% 28.49% 100% 38.59% 4.7%
3-29-18 31.94% 32.73% 35.33% 100% 36.99% -3.4%
4-5-18 31.90% 31.47% 36.64% 100% 36.35% -4.7%
4-12-18 26.09% 31.16% 42.75% 100% 33.54% -16.7%
4-19-18 37.78% 33.00% 29.22% 100% 32.68% 8.6%
4-26-18 36.91% 37.54% 25.55% 100% 32.64% 11.4%
5-3-18 28.40% 41.36% 30.25% 100% 32.89% -1.9%
5-10-18 33.51% 40.96% 25.53% 100% 32.47% 8.0%
5-17-18 36.68% 42.74% 20.58% 100% 32.90% 16.1%
5-24-18 38.56% 36.27% 25.16% 100% 33.73% 13.4%
5-31-18 35.02% 38.63% 26.35% 100% 34.12% 8.7%
6-7-18 38.93% 34.35% 26.72% 100% 35.72% 12.2%
6-14-18 44.78% 33.52% 21.70% 100% 36.60% 23.1%
6-21-18 38.72% 35.10% 26.18% 100% 36.82% 12.5%
6-28-18 28.45% 30.75% 40.80% 100% 36.83% -12.4%
7-5-18 27.86% 32.87% 39.28% 100% 36.12% -11.4%
7-12-18 43.05% 27.80% 29.15% 100% 36.92% 13.9%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
7-19-18 34.66% 40.40% 24.94% 100% 36.43% 9.7%
7-26-18 31.52% 41.58% 26.90% 100% 36.00% 4.6%
8-2-18 29.11% 38.81% 32.08% 100% 34.77% -3.0%
8-9-18 36.36% 32.60% 31.03% 100% 33.72% 5.3%
8-16-18 36.17% 34.75% 29.08% 100% 33.40% 7.1%
8-23-18 38.46% 34.47% 27.07% 100% 34.65% 11.4%
8-30-18 43.50% 32.11% 24.39% 100% 36.60% 19.1%
9-6-18 42.22% 31.48% 26.30% 100% 36.50% 15.9%
9-13-18 32.09% 35.07% 32.84% 100% 36.18% -0.7%
9-20-18 32.04% 35.92% 32.04% 100% 36.24% 0.0%
9-27-18 36.22% 32.68% 31.10% 100% 37.13% 5.1%
10-4-18 45.66% 29.22% 25.11% 100% 38.30% 20.5%
10-11-18 30.61% 33.94% 35.45% 100% 37.60% -4.8%
10-18-18 33.94% 31.05% 35.02% 100% 37.03% -1.1%
10-25-18 27.97% 31.03% 41.00% 100% 35.09% -13.0%
11-1-18 37.93% 27.59% 34.48% 100% 34.56% 3.4%
11-8-18 41.28% 27.52% 31.19% 100% 35.71% 10.1%
11-15-18 35.09% 28.95% 35.96% 100% 36.09% -0.9%
11-22-18 25.25% 27.61% 47.14% 100% 34.72% -21.9%
11-29-18 33.88% 26.64% 39.47% 100% 33.24% -5.6%
12-6-18 37.94% 31.56% 30.50% 100% 34.16% 7.4%
12-13-18 20.90% 30.23% 48.87% 100% 32.53% -28.0%
12-20-18 24.86% 27.84% 47.30% 100% 32.14% -22.4%
12-27-18 31.55% 18.15% 50.30% 100% 31.35% -18.8%
1-3-19 33.02% 24.21% 42.77% 100% 30.31% -9.7%
1-10-19 38.46% 32.17% 29.37% 100% 30.73% 9.1%
1-17-19 33.53% 30.21% 36.25% 100% 31.77% -2.7%
1-24-19 37.66% 30.03% 32.32% 100% 32.24% 5.3%
1-31-19 31.76% 36.49% 31.76% 100% 31.47% 0.0%
2-7-19 39.87% 37.34% 22.78% 100% 33.84% 17.1%
2-14-19 35.10% 39.82% 25.07% 100% 35.12% 10.0%
2-21-19 39.32% 35.29% 25.39% 100% 36.09% 13.9%
2-28-19 41.63% 38.37% 20.00% 100% 37.17% 21.6%
3-7-19 37.39% 35.87% 26.75% 100% 37.03% 10.6%
3-14-19 32.42% 36.52% 31.06% 100% 36.89% 1.4%
3-21-19 37.30% 39.29% 23.41% 100% 36.85% 13.9%
3-28-19 33.20% 39.60% 27.20% 100% 37.03% 6.0%
4-4-19 35.02% 36.71% 28.27% 100% 36.42% 6.8%
4-11-19 40.29% 39.33% 20.38% 100% 37.07% 19.9%
4-18-19 37.56% 40.61% 21.83% 100% 36.85% 15.7%
4-25-19 33.52% 46.31% 20.17% 100% 35.84% 13.4%
5-2-19 39.02% 39.63% 21.34% 100% 36.04% 17.7%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
5-9-19 43.12% 33.70% 23.19% 100% 37.38% 19.9%
5-16-19 29.82% 30.88% 39.30% 100% 36.45% -9.5%
5-23-19 24.71% 39.22% 36.08% 100% 35.38% -11.4%
5-30-19 24.79% 35.12% 40.08% 100% 34.10% -15.3%
6-6-19 22.53% 34.89% 42.58% 100% 31.88% -20.1%
6-13-19 26.84% 38.96% 34.20% 100% 30.54% -7.4%
6-20-19 29.51% 38.36% 32.13% 100% 30.04% -2.6%
6-27-19 29.59% 38.36% 32.05% 100% 28.86% -2.5%
7-3-19 33.16% 34.49% 32.35% 100% 27.62% 0.8%
7-11-19 33.61% 38.89% 27.50% 100% 28.09% 6.1%
7-18-19 35.93% 35.43% 28.64% 100% 29.49% 7.3%
7-25-19 31.74% 36.24% 32.02% 100% 30.36% -0.3%
8-1-19 38.44% 37.50% 24.06% 100% 32.35% 14.4%
8-8-19 21.66% 30.15% 48.20% 100% 31.70% -26.5%
8-15-19 23.18% 31.97% 44.85% 100% 30.91% -21.7%
8-22-19 26.64% 33.64% 39.72% 100% 30.54% -13.1%
8-29-19 26.13% 31.66% 42.21% 100% 29.66% -16.1%
9-5-19 28.64% 31.85% 39.51% 100% 29.04% -10.9%
9-12-19 33.13% 35.63% 31.25% 100% 28.69% 1.9%
9-19-19 35.34% 36.84% 27.82% 100% 29.14% 7.5%
9-26-19 29.37% 37.37% 33.26% 100% 28.01% -3.9%
10-3-19 21.37% 39.19% 39.44% 100% 27.97% -18.1%
10-10-19 20.31% 35.73% 43.96% 100% 27.62% -23.7%
10-17-19 33.62% 35.33% 31.05% 100% 28.49% 2.6%
10-24-19 35.60% 36.13% 28.27% 100% 29.67% 7.3%
10-31-19 33.98% 37.59% 28.43% 100% 30.34% 5.5%
11-7-19 40.30% 35.77% 23.93% 100% 31.24% 16.4%
11-14-19 40.72% 34.46% 24.82% 100% 31.91% 15.9%
11-21-19 34.24% 36.72% 29.03% 100% 32.52% 5.2%
11-29-19 33.64% 36.09% 30.28% 100% 34.05% 3.4%
12-5-19 31.72% 39.16% 29.13% 100% 35.48% 2.6%
12-12-19 37.63% 36.32% 26.05% 100% 35.98% 11.6%
12-19-19 44.09% 35.43% 20.47% 100% 37.04% 23.6%
12-26-19 41.89% 36.58% 21.53% 100% 38.03% 20.4%
1-2-20 37.22% 40.91% 21.88% 100% 37.64% 15.3%
1-9-20 33.07% 37.04% 29.89% 100% 36.69% 3.2%
1-16-20 41.83% 30.66% 27.51% 100% 37.64% 14.3%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
1-23-20 45.60% 29.63% 24.77% 100% 39.13% 20.8%
1-30-20 31.98% 31.17% 36.86% 100% 39.16% -4.9%
2-6-20 33.87% 30.91% 35.22% 100% 38.69% -1.3%
2-13-20 41.33% 32.27% 26.40% 100% 38.35% 14.9%
2-20-20 40.56% 30.77% 28.67% 100% 38.18% 11.9%
2-27-20 30.43% 30.43% 39.13% 100% 37.34% -8.7%
3-5-20 38.74% 21.62% 39.64% 100% 38.04% -0.9%
3-12-20 29.74% 18.95% 51.31% 100% 36.53% -21.6%
3-19-20 34.35% 14.50% 51.15% 100% 35.13% -16.8%
3-26-20 32.90% 15.03% 52.07% 100% 35.24% -19.2%
4-2-20 34.24% 16.03% 49.73% 100% 35.29% -15.5%
4-9-20 36.60% 18.73% 44.67% 100% 34.70% -8.1%
4-16-20 34.86% 22.39% 42.75% 100% 33.98% -7.9%
4-23-20 24.86% 25.14% 50.00% 100% 33.29% -25.1%
4-30-20 30.60% 25.37% 44.03% 100% 32.27% -13.4%
5-7-20 23.67% 23.67% 52.66% 100% 31.51% -29.0%
5-14-20 23.31% 26.07% 50.61% 100% 30.13% -27.3%
5-21-20 29.00% 25.97% 45.02% 100% 29.64% -16.0%
5-28-20 33.07% 24.80% 42.13% 100% 29.50% -9.1%
6-4-20 34.55% 26.58% 38.87% 100% 29.24% -4.3%
6-11-20 34.28% 27.67% 38.05% 100% 29.17% -3.8%
6-18-20 24.37% 27.85% 47.78% 100% 29.11% -23.4%
6-25-20 24.14% 26.96% 48.90% 100% 28.30% -24.8%
7-2-20 22.15% 31.96% 45.89% 100% 28.11% -23.7%
7-9-20 27.16% 30.17% 42.67% 100% 28.59% -15.5%
7-16-20 30.84% 23.79% 45.37% 100% 28.82% -14.5%
7-23-20 26.06% 27.11% 46.83% 100% 27.94% -20.8%
7-30-20 20.23% 31.30% 48.47% 100% 26.15% -28.2%
8-6-20 23.29% 29.11% 47.60% 100% 24.78% -24.3%
8-13-20 30.04% 27.84% 42.12% 100% 25.49% -12.1%
8-20-20 30.39% 27.21% 42.40% 100% 26.27% -12.0%
8-27-20 32.08% 28.30% 39.62% 100% 27.51% -7.5%
9-3-20 30.80% 27.43% 41.77% 100% 27.96% -11.0%
9-10-20 23.71% 27.84% 48.45% 100% 27.07% -24.7%
9-17-20 32.02% 27.59% 40.39% 100% 27.82% -8.4%
9-24-20 24.89% 29.11% 45.99% 100% 28.40% -21.1%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
10-1-20 26.24% 30.69% 43.07% 100% 28.77% -16.8%
10-8-20 34.74% 26.29% 38.97% 100% 29.36% -4.2%
10-15-20 34.78% 29.47% 35.75% 100% 29.91% -1.0%
10-22-20 35.75% 31.22% 33.03% 100% 30.37% 2.7%
10-29-20 35.29% 29.41% 35.29% 100% 30.93% 0.0%
11-5-20 37.96% 30.56% 31.48% 100% 32.71% 6.5%
11-12-20 55.84% 19.29% 24.87% 100% 35.69% 31.0%
11-19-20 44.35% 29.29% 26.36% 100% 38.12% 18.0%
11-27-20 47.25% 25.27% 27.47% 100% 40.75% 19.8%
12-3-20 49.07% 28.25% 22.68% 100% 42.54% 26.4%
12-10-20 48.06% 25.09% 26.86% 100% 44.20% 21.2%
12-17-20 43.43% 30.28% 26.29% 100% 45.16% 17.1%
12-24-20 43.57% 34.44% 21.99% 100% 46.19% 21.6%
12-31-20 46.08% 27.12% 26.80% 100% 47.21% 19.3%
1-7-21 45.19% 23.08% 31.73% 100% 45.87% 13.5%
1-21-21 42.55% 22.98% 34.47% 100% 45.65% 8.1%
1-28-21 37.66% 24.03% 38.31% 100% 44.45% -0.6%
2-4-21 37.35% 27.06% 35.59% 100% 43.66% 1.8%
2-11-21 45.45% 28.28% 26.26% 100% 43.84% 19.2%
2-18-21 47.06% 27.55% 25.39% 100% 44.13% 21.7%
2-25-21 45.93% 30.29% 23.78% 100% 44.28% 22.1%
3-4-21 40.26% 34.42% 25.32% 100% 43.97% 14.9%
3-11-21 49.41% 27.06% 23.53% 100% 44.36% 25.9%
3-18-21 48.94% 27.46% 23.59% 100% 44.67% 25.4%
3-25-21 50.95% 28.48% 20.57% 100% 45.06% 30.4%
4-1-21 45.83% 30.95% 23.21% 100% 45.11% 22.6%
4-8-21 56.91% 22.70% 20.39% 100% 45.76% 36.5%
4-15-21 53.82% 21.59% 24.58% 100% 46.02% 29.2%
4-22-21 52.68% 26.81% 20.50% 100% 46.38% 32.2%
4-29-21 42.57% 31.76% 25.68% 100% 46.09% 16.9%
5-6-21 44.31% 32.55% 23.14% 100% 46.13% 21.2%
5-13-21 36.52% 36.52% 26.96% 100% 45.76% 9.6%
5-20-21 37.03% 36.71% 26.27% 100% 45.33% 10.8%
5-27-21 36.43% 37.14% 26.43% 100% 44.84% 10.0%
6-3-21 44.07% 36.17% 19.76% 100% 44.81% 24.3%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
6-10-21 40.23% 39.10% 20.68% 100% 44.57% 19.5%
6-17-21 41.12% 32.71% 26.17% 100% 44.50% 15.0%
6-24-21 40.42% 36.25% 23.33% 100% 44.63% 17.1%
7-1-21 48.65% 29.19% 22.16% 100% 45.17% 26.5%
7-8-21 40.20% 35.29% 24.51% 100% 44.92% 15.7%
7-15-21 36.17% 37.02% 26.81% 100% 44.40% 9.4%
7-22-21 30.65% 38.71% 30.65% 100% 43.67% 0.0%
7-29-21 36.16% 39.73% 24.11% 100% 43.48% 12.1%
8-5-21 36.07% 32.24% 31.69% 100% 42.84% 4.4%
8-12-21 36.97% 31.51% 31.51% 100% 42.27% 5.5%
8-19-21 33.17% 31.73% 35.10% 100% 41.43% -1.9%
8-26-21 39.56% 27.47% 32.97% 100% 41.13% 6.6%
9-2-21 43.43% 23.23% 33.33% 100% 40.49% 10.1%
9-9-21 38.89% 33.89% 27.22% 100% 39.78% 11.7%
9-16-21 22.45% 38.27% 39.29% 100% 38.34% -16.8%
9-23-21 29.90% 30.93% 39.18% 100% 37.73% -9.3%
9-30-21 28.14% 31.14% 40.72% 100% 36.96% -12.6%
10-7-21 25.47% 37.74% 36.79% 100% 36.44% -11.3%
10-14-21 37.91% 30.33% 31.75% 100% 36.48% 6.2%
10-21-21 46.89% 25.36% 27.75% 100% 36.98% 19.1%
10-27-21 39.83% 30.74% 29.44% 100% 36.77% 10.4%
11-4-21 41.50% 32.50% 26.00% 100% 36.84% 15.5%
11-11-21 48.00% 28.00% 24.00% 100% 37.16% 24.0%
11-18-21 38.84% 33.93% 27.23% 100% 37.09% 11.6%
11-24-21 33.81% 30.48% 35.71% 100% 36.38% -1.9%
12-2-21 26.67% 30.95% 42.38% 100% 35.74% -15.7%
12-9-21 29.72% 39.76% 30.52% 100% 35.43% -0.8%
12-16-21 25.24% 35.44% 39.32% 100% 35.17% -14.1%

Observations over life of survey

 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread

Avg 38.00% 31.44% 30.55% 38.00% 7.5%

STD 10.01% 8.35% 9.50% 7.73% 17.6%
Avg + Std 48.01% 39.79% 40.05% 45.73% 25.1%
Avg - Std 27.99% 23.09% 21.06% 30.27% -10.2%
Count 1793 1793 1793 1779 1793
Max 75.00% 62.00% 70.27% 64.47% 62.9%
Min 12.00% 7.69% 6.00% 17.50% -54.0%

Max '87 66.0% 52.0% 42.0% 53.00% 60.0%

Max '88 45.0% 62.0% 39.0% 36.50% 31.0%
Max '89 53.0% 52.0% 48.0% 39.88% 27.0%
Max '90 52.0% 56.0% 67.0% 37.88% 28.0%
Max '91 58.0% 51.0% 51.0% 50.63% 38.0%
Max '92 63.0% 47.0% 56.0% 46.88% 53.0%
Max '93 60.0% 49.0% 45.0% 48.25% 47.0%
Max '94 49.0% 52.0% 48.0% 42.25% 27.0%
Max '95 53.0% 43.0% 38.0% 48.50% 33.0%
Max '96 61.0% 46.0% 39.0% 49.13% 51.0%
Max '97 63.0% 46.0% 37.0% 51.63% 48.0%
Max '98 53.0% 49.0% 45.0% 51.63% 40.0%
Max '99 62.0% 46.0% 32.0% 54.88% 51.0%
Max '00 75.0% 48.5% 51.1% 60.18% 61.7%
Max '01 69.3% 47.8% 47.2% 54.81% 49.3%
Max '02 56.5% 40.9% 54.8% 58.04% 41.9%
Max '03 71.4% 51.4% 57.9% 59.36% 62.9%
Max '04 69.5% 40.5% 43.4% 64.47% 56.2%
Max '05 58.6% 41.8% 51.0% 53.78% 43.9%
Max '06 59.0% 35.9% 57.8% 48.32% 39.9%
Max '07 57.8% 31.7% 56.1% 48.10% 31.5%
Max '08 53.3% 27.2% 60.8% 44.63% 28.1%
Max '09 51.0% 31.3% 70.3% 42.03% 26.2%
Max '10 63.3% 37.9% 57.1% 51.60% 46.9%
Max '11 55.9% 38.0% 49.9% 53.35% 37.6%
Max '12 51.6% 36.2% 48.8% 46.94% 32.0%
Max '13 55.1% 39.4% 54.5% 45.44% 36.5%
Max '14 57.9% 44.3% 38.2% 49.83% 38.6%
Max '15 51.7% 51.3% 40.7% 48.54% 32.4%
Max '16 49.9% 52.9% 48.7% 44.65% 27.8%
Max '17 52.6% 43.4% 46.5% 45.56% 32.0%
Max '18 59.8% 45.2% 50.3% 50.11% 44.2%
Max '19 44.1% 46.3% 48.2% 38.03% 23.6%
Max '20 55.8% 40.9% 52.7% 47.21% 31.0%
Max '21
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread

Min '87 23.0% 15.0% 6.0% 28.88% -17.0%

Min '88 13.0% 34.0% 10.0% 20.63% -25.0%
Min '89 13.0% 21.0% 17.0% 22.38% -26.0%
Min '90 12.0% 16.0% 17.0% 17.50% -54.0%
Min '91 22.0% 12.0% 16.0% 23.00% -29.0%
Min '92 14.0% 20.0% 10.0% 21.75% -36.0%
Min '93 18.0% 27.0% 13.0% 22.88% -24.0%
Min '94 22.0% 22.0% 17.0% 26.88% -21.0%
Min '95 34.0% 18.0% 16.0% 37.50% -2.0%
Min '96 26.0% 18.0% 10.0% 29.75% -8.0%
Min '97 26.0% 22.0% 14.0% 29.25% -11.0%
Min '98 23.0% 30.0% 13.0% 28.13% -22.0%
Min '99 30.0% 23.0% 11.0% 34.88% -1.0%
Min '00 26.7% 7.7% 6.7% 38.61% -20.0%
Min '01 25.3% 10.7% 14.0% 32.40% -19.4%
Min '02 24.5% 16.4% 11.3% 31.23% -27.5%
Min '03 21.1% 7.7% 8.6% 25.61% -36.8%
Min '04 31.0% 13.5% 10.1% 38.07% -11.1%
Min '05 16.5% 13.0% 14.0% 27.70% -25.3%
Min '06 23.9% 12.3% 19.1% 31.81% -34.0%
Min '07 25.6% 12.2% 22.3% 34.68% -27.6%
Min '08 19.6% 7.7% 24.7% 27.79% -39.3%
Min '09 18.9% 10.8% 23.0% 25.31% -51.4%
Min '10 20.7% 14.0% 16.4% 31.68% -36.1%
Min '11 24.4% 19.0% 18.3% 29.95% -23.3%
Min '12 22.2% 21.6% 17.2% 28.64% -22.4%
Min '13 19.3% 22.6% 17.6% 32.33% -35.2%
Min '14 27.2% 22.8% 15.1% 30.90% -8.5%
Min '15 20.0% 29.0% 17.9% 26.20% -19.6%
Min '16 17.8% 23.0% 21.5% 23.14% -29.5%
Min '17 23.9% 23.5% 20.6% 30.41% -16.5%
Min '18 20.9% 18.2% 15.6% 31.35% -28.0%
Min '19 20.3% 24.2% 20.0% 27.62% -26.5%
Min '20 20.2% 14.5% 21.9% 24.78% -29.0%
Min '21

Avg. '87 40.6% 33.6% 25.8% 42.74% 14.8%

Avg. '88 27.3% 47.6% 25.1% 27.67% 2.2%
Avg. '89 32.9% 37.0% 30.2% 32.03% 2.7%
Avg. '90 27.3% 32.4% 40.3% 28.00% -13.0%
Avg. '91 38.1% 32.8% 29.1% 37.38% 9.0%
Avg. '92 36.9% 34.8% 28.3% 35.90% 8.6%
Avg. '93 32.6% 36.2% 31.2% 33.40% 1.5%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
Avg '94 34.6% 34.8% 30.6% 34.56% 4.0%
Avg '95 38.7% 32.8% 28.5% 38.37% 7.8%
Avg '96 39.9% 34.3% 25.8% 39.31% 14.1%
Avg '97 42.1% 35.8% 22.1% 42.03% 20.0%
Avg '98 37.2% 38.0% 24.8% 37.14% 12.4%
Avg '99 42.4% 35.0% 22.6% 41.33% 19.8%
Avg '00 49.4% 26.4% 24.2% 50.22% 25.2%
Avg '01 42.7% 28.9% 28.5% 41.75% 14.2%
Avg '02 39.5% 26.3% 28.4% 40.38% 7.2%
Avg '03 48.4% 24.4% 27.2% 47.29% 21.2%
Avg '04 49.0% 25.9% 25.1% 49.37% 23.9%
Avg '05 40.4% 29.3% 30.3% 41.11% 10.1%
Avg '06 41.0% 22.4% 36.6% 41.17% 4.3%
Avg '07 41.0% 20.6% 38.3% 41.46% 2.7%
Avg '08 34.1% 20.7% 45.2% 34.26% -11.1%
Avg '09 36.8% 21.3% 41.9% 36.14% -5.1%
Avg '10 40.7% 26.8% 32.5% 39.85% 8.1%
Avg '11 37.5% 28.2% 34.3% 38.52% 3.1%
Avg '12 36.5% 30.1% 33.4% 36.16% 3.2%
Avg '13 39.7% 30.7% 29.6% 39.46% 10.1%
Avg '14 39.4% 34.6% 26.0% 39.41% 13.4%
Avg '15 32.5% 39.9% 27.5% 33.82% 5.0%
Avg '16 30.2% 38.7% 31.0% 29.00% -0.8%
Avg '17 35.1% 33.6% 31.3% 35.14% 3.8%
Avg '18 36.4% 32.9% 30.7% 37.49% 5.7%
Avg '19 33.3% 36.0% 30.6% 32.68% 2.7%
Avg '20 33.9% 27.3% 38.8% 33.41% -5.0%
Avg '21

Std Dev '87 12% 11% 9% 7.60% 17.4%

Std Dev '88 8% 6% 7% 4.28% 13.7%
Std Dev '89 8% 8% 7% 4.65% 12.9%
Std Dev '90 9% 8% 12% 6.20% 20.4%
Std Dev '91 9% 7% 8% 6.77% 16.0%
Std Dev '92 11% 7% 9% 7.90% 19.1%
Std Dev '93 9% 5% 7% 7.93% 15.6%
Std Dev '94 7% 6% 6% 4.79% 11.8%
Std Dev '95 5% 6% 6% 3.01% 9.3%
Std Dev '96 9% 7% 6% 5.74% 13.5%
Std Dev '97 8% 6% 5% 5.57% 12.4%
Std Dev '98 8% 5% 7% 5.75% 14.9%
Std Dev '99 9% 6% 5% 4.22% 12.7%
Std Dev '00 12% 9% 10% 4.74% 19.7%
Std Dev '01 12% 9% 8% 6.19% 18.5%
 AAII Sentiment Survey
Bullish
Reported 8-week Bull-Bear
Date Bullish Neutral Bearish Total Mov Avg Spread
Std Dev '02 9% 7% 11% 7.12% 18.6%
Std Dev '03 13% 7% 11% 10.81% 23.6%
Std Dev '04 10% 6% 8% 7.14% 17.8%
Std Dev '05 10% 6% 9% 6.37% 17.6%
Std Dev '06 8% 5% 8% 4.74% 14.7%
Std Dev '07 7% 4% 8% 3.15% 14.2%
Std Dev '08 8% 4% 9% 4.48% 16.9%
Std Dev '09 8% 4% 8% 4.34% 16.0%
Std Dev '10 9% 5% 8% 5.56% 16.4%
Std Dev '11 7% 4% 7% 6.49% 13.5%
Std Dev '12 7% 4% 8% 5.73% 14.8%
Std Dev '13 7% 4% 7% 3.81% 13.9%
Std Dev '14 7% 5% 5% 5.17% 11.2%
Std Dev '15 7% 6% 6% 6.21% 11.3%
Std Dev '16 8% 6% 6% 4.56% 12.7%
Std Dev '17 6% 5% 5% 4.10% 10.3%
Std Dev '18 8% 5% 8% 5.11% 14.4%
Std Dev '19 6% 3% 7% 3.32% 12.9%
Std Dev '20 8% 5% 9% 5.74% 16.5%
Std Dev '21

Count '87 24 24 24 17 24
Count '88 52 52 52 52 52
Count '89 52 52 52 52 52
Count '90 52 52 52 52 52
Count '91 52 52 52 52 52
Count '92 52 52 52 52 52
Count '93 53 53 53 53 53
Count '94 52 52 52 52 52
Count '95 52 52 52 52 52
Count '96 51 51 51 44 51
Count '97 53 53 53 53 53
Count '98 52 52 52 52 52
Count '99 52 52 52 52 52
Count '00 51 51 51 51 51
Count '01 52 52 52 52 52
Count '02 52 52 52 52 52
Count '03 52 52 52 52 52
Count '04 53 53 53 53 53
 American Association of Individual Investors Sentiment Survey - December 15, 2021 (Reported Date)
Phone: 800/428-2244, Fax: 312/280-1625, www.aaii.com

S&P 500

Percent Bullish

`
M
O
F
J

J
J

M
O
F
J

J
J
O
M
J

F
J

J
J
O
M

F
J

J
J
O
M
J

F
J

J
M
O
M
J

J
J

M
O
F
J

J
J
A
D

D
A
S

A
D

N
A
A

N
A
A

A
D

N
A
A

N
A
A

D
A
S

A
D

N
A
S
10,000

80%

70%

60%

50%

40%

30%

20%

10%
1,000

100

O
M
D
A
M
O
J
J
S
A
N
J
F
O
M
D
A
M
N
J
J
S
A
D
J
M
O
M
J
A
A
N
J
F
S
M
D
J
M
O
J
J
A
Jun '19
Jan '19
Sep '18
Apr '18
Nov '17
Jul '17
Feb '17
Oct '16
May '16
Dec '15
Aug '15
Mar '15
Nov '14
Jun '14
Jan '14
Sep '13
Apr '13
Dec '12
Jul '12
Mar '12
Oct '11
May '11
Jan '11
Aug '10
Apr '10
Nov '09
Jun '09
Feb '09
Sep '08
May '08
Dec '07
Jul '07
Mar '07
Oct '06
Jun '06
Jan '06
Aug '05
Apr '05
Nov '04
Jul '04
Feb '04
Sep '03
May '03
Dec '02
Aug '02
Bearish 19.76%
Bearish 26.43%
Bearish 26.27%
Bearish 26.96%

Mar '02
Oct '01
Jun '01
Jan '01
Aug '00
Apr '00
Nov '99
Jul '99
Feb '99
Sep '98
Neutral 36.17%
Neutral 37.14%
Neutral 36.71%
Neutral 36.52%
May '98
Dec '97
Jul '97
Mar '97
Oct '96
Jun '96
Jan '96
Aug '95
Apr '95
Nov '94

Bullish 44.07%
Bullish 36.43%
Bullish 37.03%
Bullish 36.52%
Jul '94
Feb '94
Oct '93
May '93
Dec '92
Aug '92
Mar '92
Nov '91
Jun '91
Jan '91
Sep '90

June 3:
May 27:
May 20:
May 13:
Apr '90
Dec '89
Jul '89
Feb '89
Oct '88
May '88
Dec '87
Aug '87
70%

60%

50%

40%

30%

20%

10%

Oct '21
May '21
Dec '20
Aug '20
Mar '20
Oct '19
Jun '19
Jan '19
Sep '18
Apr '18
Nov '17
Jul '17
Feb '17
Oct '16
May '16
Dec '15
Aug '15
Mar '15
Nov '14
Jun '14
Jan '14
Sep '13
Apr '13
Dec '12
Jul '12
Mar '12
Oct '11
May '11
Jan '11
Aug '10
Apr '10
Nov '09
Jun '09
Feb '09
Sep '08
May '08
Dec '07
Jul '07
Mar '07
Oct '06
Jun '06
Jan '06
Aug '05