Short-term indicators of investor sentiment came in mildly bearish last week, pretty much unchanged from the week before. The Ned Davis Research (NDR) short-term sentiment indicator was at 60, slightly below the previous week. The CNN Fear Greed gauge was slightly higher at 72.
Intermediate indicators remain in bearish territory. The NDR Crowd Sentiment is at 68, down 2 points from last week but still too high from a contrarian point of view.
The Investors Intelligence Bull/Bear Ratio of sentiment among investment newsletter writers came in at 57% bulls and 18% bears, like the previous week. Used as a contrarian indicator, since these writers usually are wrong, this is another indicator that investors should remain cautious.