AAII Sentiment Neutral -- 46% cash recommended

Based  on  opinions 
of  individual  investors

from  a  www.aaii.com  online  survey.


The indicator is bearish (red) 
when individual investors are bullish. 

The indicator is bullish (green) 
when individual investors are bearish.

( I ignore all the “neutral” votes )

For the week ending September 12, 2018:
32.1%  bulls  (42.2% last week)  (historical average is 38.5%)


32.8%  bears (26.3% last week)  (historical average is 30.5%)
= Moderately Bullish
( was Neutral last week )

49.5% of AAII investors 
with an opinion were bullish 
( was 61.6% last week )
   
( 50% to 70% is neutral )     

The  Four-Week  Average:

This is one of the seven EL page one 
stock market timing indicators.
It is the ONLY short-term timing indicator
= Neutral
( was Neutral last week )

58.5% of AAII investors 
with an opinion are bullish 
( was 60.0% last week )

( 50% to 70% is Neutral )




Recommended portfolio
cash position:

= 46% cash

( was 50% cash last week )

EL  Back-to-Basics  Portfolio  

actual  cash  position: 


= 85% cash  
( was 85% cash last week -- revised from 86%)




Note: 
I score this short-term 
stock market
timing indicator 
to recommend from

0% cash (most bullish), to
100% cash (most bearish).