Kevin Lane notes the moderating of excessive bullishness
recently is a net positive for the markets:

10 Week Moving Average AAII Bullish Sentiment   
click for larger chart


Source: Technimentals

KL:  “The fact that bullish sentiment has moderated, not
expanded, on this recent move up in equities is a positive. It suggests to us
investors are NOT totally complacent yet.”


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Quote of the Day: 

"We must not, in trying to think about how we can make a big
difference, ignore the small daily differences we can make which, over time,
add up to big differences that we often cannot foresee." ~ Marian Wright Edelman

Category: Markets

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One Response to “Chart of the Week: 10 Week Moving Average AAII Bullish Sentiment”

  1. Rajesh says:

    Adding to the library:
    China’s spectacular economic success has prompted speculation that the country’s software-outsourcing industry could soon compete with India’s. A recent McKinsey study of China’s software sector, however, shows that it will be many years before the country poses a threat to its continental rival in this arena.

    To compete effectively in global outsourcing, China’s software industry must consolidate. The top 10 IT-services companies have only about a 20 percent share of the market, compared with the 45 percent commanded by India’s top 10. Furthermore, China has about 8,000 software-services providers, and almost three-quarters of them have fewer than 50 employees. No company has emerged from this crowded pack; indeed, only five have more than 2,000 employees. India, on the other hand, has fewer than 3,000 software-services companies. Of these, at least 15 have more than 2,000 workers, and some–including Infosys Technologies, Tata Consultancy Services and Wipro Technologies–have garnered international recognition and a global clientele.

    Without adequate scale, Chinese players are unlikely to attract top international clients.