Investor sentiment for the latest week showed an equal amount of bulls and bears for the first time in close to two years (7/31/14), and for both camps the level of conviction is pretty low. According to the American Association of Individual Investors (AAII), bullish sentiment came in at 27.83%, down from 30.17% last week. This marks the 32nd straight week where bullish sentiment has been below 40%. Bearish sentiment saw a similar decline this week, falling from 29.05% last week to 27.83%. With both bulls and bears declining, neutrals increased back up to 44.34%, which has tended to be the trend with sentiment every time the S&P 500 gets back above 2,100.