AAII Sentiment is Neutral -- 55% cash is recommended for traders

Note:
The Neutral votes, that I 
usually ignore, were at 46.3%
this week = unusually high.

The last time neutral votes 
were such a high percentage,
was in December 2015
 -- just before a 10% 
market correction.

Maybe that's 
just a coincidence,
or maybe something 
to be concerned about ?
.
.
.
.
The Four-Week Average
of this contrary indicator,
is one of the seven 
ECONOMIC LOGIC
stock market 
timing indicators 

It's the ONLY 
short-term 
timing indicator.

It recommends 
from 0% to 100% cash
in your trading portfolio

I prefer the four-week 
moving average
because it has 
much less volatility
than weekly data.

For  the  one  week  ending 
April 24, 2019:
33.5%  bulls  (37.6% last week)  (historical average is 38.2%)


20.2%  bears (21.8% last week)  (historical average is 30.3%)
= Neutral
( was Neutral last week )

62.4% of AAII investors 
with an opinion were bullish
( was 63.3% last week )


( 50% to 70% is Neutral )
( 40% to 49% is Moderately Bullish )



( under 40% is Bullish )

Four  Week  Average:

= Neutral
( was Neutral last week )

61.9% of AAII investors 
with an opinion are bullish 
( was 60.0% last week )

( 50% to 70% is Neutral ) 
( 40% to 49% is Moderately Bullish )



( under 40% is Bullish )

Recommended 
portfolio
cash position:

= 55% cash

( was 50% cash last week )

    The  EL  
Back-to-Basics
    Portfolio  

actual  cash  position: 


= 85% cash  
( was 85% cash last week )





Notes: 


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

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

( I ignore all the “neutral” votes ).

Data Source:
https://www.aaii.com/o/sentimentsurvey