After several weeks of back and forth action in bullish and bearish sentiment, this week we saw both measures start to break out of their recent ranges. According to the weekly sentiment poll from AAII, bullish sentiment rose to 31.2% last week.  That’s still depressed by historical standards, but it is still the highest weekly reading since November!  Similarly, bearish sentiment dropped from 37.8% down to 31.4%, which was the lowest level of the year.  It’s a start!

AAII Bullish 022516

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