Stocks Mixed into Final Hour on Light Volume

BOTTOM LINE: The Portfolio is slightly higher into the final hour on gains in my Networking longs and Semi longs. I covered some of my (IWM) and (QQQQ) longs today, thus leaving the Portfolio 75% net long. The tone of the market is slightly positive as the advance/decline line is higher, most sectors are rising and volume is light. The AAII percentage of Bulls fell to 45.36% this week from 47.67% the prior week. This reading is now back to average levels. The AAII percentage of Bears rose to 27.84% this week from 23.26% the prior week. This reading is also back to average levels. Considering the average stock, as measured by the Value Line Geometric Index, is 7.4% higher already this year, these numbers still show muted bullishness which bodes well for further gains. I expect bullish sentiment to fall next week. I expect US stocks to trade mixed into the close from current levels as higher long-term rates and oil prices offset positive economic data.