AAII Sentiment remains Bullish -- 0% (no) cash recommended for traders

This indicator 

recommends 

from 0% to 100% cash 

in a stock trading portfolio,

based on an online survey 

of individual investors.

This indicator 

has recommended 

8% cash, or less, 

for active traders, 

since March 18, 2020.

This is a 

contrary opinion

indicator --  

so it is

bullish when 

AAII individual

investors 

are bearish,

and vice versa.

For ONE WEEK 

ending 8/5/20:

23.3% were Bullish  (was 20.2% last week)

29.7% were Neutral  (was 31.3%)

42.6% were Bearish  (was 48.5%)

LAST WEEK 32.9% 

of AAII Investors

were bullish on

an online survey

Rating = BULLISH

(was 29.4% 

= BULLISH 

one week earlier)

The FOUR WEEK 

moving average

is 34.6% bullish 

Rating = BULLISH

(was 36.1% 

= BULLISH last week)

Recommended Portfolio

Cash for active traders:

0% (no cash)

(was 0% cash 

last week)

My own

LONG-TERM

Stock Portfolio:

100% cash

(was 100% cash last week)

( with % cash based on all 

seven Economic Logic 

stock timing indicators)

AAII  Indicator Analysis:

   ( over 80% is Bearish )

( 71% to 80% is Moderately Bearish )

( 50% to 70% is Neutral )

( 40% to 49% is Moderately Bullish ) 

  ( under 40% is Bullish )

I prefer 

the four-week moving average, 

because it has much less volatility

than weekly data.

Active traders 

may prefer weekly data.

Data Source:

https://www.aaii.com/sentimentsurvey