The number of bears fell to 25.8% from 28.7% the previous week. Meanwhile, the difference between bulls and bears favors the bulls by 29%, advancing sharply from the previous week. It is the widest spread in over nine months.
Separately, The American Association of Individual Investors survey reveals that bullish sentiment fell to 42.7% in the week, while bears rose to 26.6% as of Feb. 15.
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Full disclosure: Tom Lydon’s clients own AAPL.
