The “Investors Intelligence Survey“ or IIS is one of the oldest weekly sentiment indicators used today. Charts of the Investors’ Intelligence Survey (IIS) “Bulls over Bulls plus Bears” versus the market are key tools for stock market technical analysis or sentiment. The IIS began in January 1963 by A.W. Cohen and has been published every week ever since.
With the Nasdaq at a record high and the S&P 500 back to only 5% below its record high, II sentiment has recovered nicely. I've been taking profits on some of the shares I bought during the "Covid-19 Bear Market" so I'm ready.
Chart of Investors Intelligence Sentiment Survey
Bulls / (Bulls+Bears) vs S&P 500
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