Those taking our weekly market poll see no reason not to be bullish.

For the 15th straight week, voters in TheStreet.com RealMoney Barometer survey see the market rising. Of the 1,459 who participated, 40%, or 528, expect the market to rise this week. Neutral sentiment came in at 36%, or 520, and bears registered 24%, or 357.

The numbers likely show that while most folks still are bullish, there is an increasing caution out there.

In the sectors, energy equipment and services was tapped as most likely to rise this week, with semiconductors and semi equipment picked as most likely to fall. Other bullish sectors were integrated oil and biotechnology. Integrated oil also was a bearish sector, as was homebuilding.

Tech stocks were pounded last week, and the chip sector in particular took a hit on a dim outlook from Lam Research ( LRCX).

In the news Monday, Pfizer ( PFE) unveiled its latest cost-cutting plans, saying it will slash its workforce by 10%, or 10,000 jobs, by the end of next year.

The company said it hopes to save between $1.5 billion and $2 billion a year by the end of 2008.

The New York-based drugmaker made the announcement ahead of a Monday afternoon meeting with securities analysts. Pfizer said the cutbacks include the layoff of 2,200 salespeople as announced late last year.

The stock market was selling off on Monday. The Dow Jones Industrial Average was trading down 105 points to 12,460. The Nasdaq Composite was off 23 points, to 2,428.03, and the S&P 500 was down 9 points to 1421.

Crude oil futures were recently trading 33 cents higher, to $52.32 a barrel.

Below are the complete poll results.

Date Bullish Bearish Neutral Week Ending
S&P % Change
Bullish
Sector
Bearish Sector
Jan. 22 582 (40%) 357 (24%) 520 (36%) Energy Equipment & Services Semis, Semi Equipment
Jan. 16 767 (64%) 193 (16%) 240 (20%) - 0.03% Integrated Oil Integrated Oil
Jan. 8 953 (46%) 549 (26%) 569 (27%) + 1.5% Biotechnology Integrated Oil
Jan. 3 543 (54%) 186 (18%) 276 (27%) + 0.6% Precious Metals Homebuilding

Sector Total Votes Percentage
Aerospace and Defense 71 5%
Airlines 51 3%
Automobiles 10 1%
Beverages and Food Products 32 2%
Biotechnology 104 7%
Commercial Banks 86 6%
Computers and Peripherals 35 2%
Consumer Nondurables 28 2%
Energy Equipment & Services 221 15%
HMOs and Hospitals 17 1%
Homebuilding 42 3%
Insurance 20 1%
Integrated Oil 190 13%
Internet, Software Services 54 4%
Investment Bankers and Brokers 74 5%
Media 13 1%
Multiline Retail 23 2%
Pharmaceuticals 101 7%
Precious Metals 77 5%
Semis, Semi Equipment 29 2%
Telecom Equipment 46 3%
Tobacco and Alcohol 44 3%
Utilities 56 4%
Wireless Communications 34 2%
Source: RealMoney.com

Sector Total Votes Percentage
Aerospace and Defense 25 2%
Airlines 101 7%
Automobiles 70 5%
Beverages and Food Products 14 1%
Biotechnology 27 2%
Commercial Banks 35 2%
Computers and Peripherals 106 7%
Consumer Nondurables 19 1%
Energy Equipment & Services 65 4%
HMOs and Hospitals 14 1%
Homebuilding 130 9%
Insurance 14 1%
Integrated Oil 164 11%
Internet, Software Services 90 6%
Investment Bankers and Brokers 20 1%
Media 24 2%
Multiline Retail 52 4%
Pharmaceuticals 42 3%
Precious Metals 56 4%
Semis, Semi Equipment 225 15%
Telecom Equipment 73 5%
Tobacco and Alcohol 18 1%
Utilities 24 2%
Wireless Communications 45 3%
Source: RealMoney.com
David Morrow is editor-in-chief of TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, though he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. He appreciates your feedback; click here to send him an email.

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