Investors Intelligence Sentiment Survey Data and Chart
One of the oldest weekly sentiment indicators is the “Investors Intelligence Survey“ or IIS. A chart of the Investors’ Intelligence Survey (IIS) “Bulls over Bulls plus Bears” versus the market is a key sentiment tool for stock market technical analysis. The IIS began in January 1963 by A.W. Cohen and has been published every week ever since. Cohen was surprised to find out that the newsletter writers, just like average investors and speculators, were usually wrong at major turning points! Cohen found the best time to go long the stock markets was not when the most advisers were bullish, but when they were bearish! Cohen’s IIS survey turned out to be a wonderful contrarian indicator!
Data for Aug. 25, 2010:
Data for Aug. 25, 2010:
- Bulls = 33.3%
- Bears=31.2%
- More about Investors' Intelligence Bull Bear Survey
Chart of Bulls / (Bulls+Bears) vs. S&P500 for 8/25/10
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Raw Data Date Published | Percent Bullish | Percent Bearish |
08/25 | 33.3 | 31.2 |
08/18 | 36.7 | 31.1 |
08/11 | 41.7 | 27.5 |
08/04 | 38.9 | 33.3 |
07/28 | 38.2 | 34.9 |
07/21 | 35.6 | 35.6 |
07/14 | 32.6 | 34.8 |
07/07 | 37 | 34.8 |
06/30 | 41.1 | 33.3 |
06/23 | 41.1 | 31.1 |
06/16 | 37 | 32.6 |
06/09 | 38.5 | 31.9 |
06/02 | 39.8 | 28.4 |
05/26 | 39.3 | 29.2 |
05/19 | 43.8 | 24.7 |
05/12 | 47.2 | 24.7 |
05/05 | 56 | 18.7 |
04/28 | 54 | 18 |
04/21 | 53.3 | 17.4 |
04/14 | 51.1 | 18.9 |
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