NASDAQ NEW HIGH AGAIN

The market is big cap tech driven now, so the Mr. Market behaves well. Nasdaq rose in six days row and finally closed again on new high. Made the longest winning streak since last December. After the weak yesterday US retail sales numbers the market turned green and closed broadly higher. After the disappointing data the first reaction of the market was diving that rebounded so it is a bullish interpretation, if against the bad macro news the market is up.

• Dow 16,028 +64, 0.40% 
• Nasdaq 4,241 +40, 0.95% 
• S&P 500 1,830 +11, 0.59%

This week the optimist is back. The AAII sentiment survey shows the bullish investors are more and the bullish sentiment rebounded. The Bullish sentiment is jumped 12.3 percentage points to 40.1%. This is a five-week high. The historical average is 39.0%.

Neutral sentiment declined 3.2 percentage points to 32.5%. This is a five-week low.

Bearish sentiment fell 9.1 percentage points to 27.3%.

The BFM Assets Team.