More Bulls Than Bears

Even with the market falling for the week and breaking below some key technical levels, there were more bulls than bears in our weekend market poll by a margin of 10 percentage points.  As shown below, 55% of poll respondents said the S&P 500 would be higher one month from now, while 45% said the index would be lower.  We saw a similar increase in bullishness in the face of a declining market in last week's AAII survey results.