From NFTRH 628:
Ma & Pa got a little peppy even before the late week bull fest. Maybe an eventual spike to 2 could be a warning sign.
Well, Ma & Pa registered a spike to significantly over bullish yesterday after the COVID-19 vaccine hype. Sentiment-wise this is a negative, pure and simple. There are more elements to the market than sentiment, but AAII was a holdout under-bullish indicator against other over-bullish sentiment indicators. Not anymore. From yardeni.com: