The high level of bearish sentiment and the high daily reading of the ARMS Index set the stage for Wednesday?s impressive rebound. The A/D ratios improved all day to close 3-1 positive. In the latest survey from AAII, the bullish % rose slightly to 27% but is still at relatively low levels and is well below the long-term average of 38.9%. Does this mean the stock market?s uptrend has resumed? As I discussed Wednesday, another strong market performance Thursday and/or Friday is needed to reassert...
The high level of bearish sentiment and the high daily reading of the ARMS Index set the stage for Wednesday?s impressive rebound. The A/D ratios improved all day to close 3-1 positive. In the latest survey from AAII, the bullish % rose slightly to 27% but is still at relatively low levels and is well below the long-term average of 38.9%. Does this mean the stock market?s uptrend has resumed? As I discussed Wednesday, another strong market performance Thursday and/or Friday is needed to reassert...
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