Week of Jan 12, 2026

The Hollow Gap was -100

Everyday traders far more bullish. Big money vs. everyday traders, in one number.

The Hollow Gap
-100
Big money
-13
Everyday traders
+96

Big money scored -13 and everyday traders +96, so the Hollow Gap was -100 (everyday traders far more bullish). That was down 34 points from -66 the week before. The biggest move came from asset managers, +90 to +52. In the AAII survey, 49.5% of members were bullish and 28.2% bearish.

The four readings

ReadingScoreDetail
Hedge funds-79Leveraged funds net short 445,980 contracts
Asset managers+52Asset managers net long 931,300 contracts
AAII mood+98AAII: 49.5% bullish, 28.2% bearish (spread +21.3 pts)
Small traders+94Small traders net long 138,627 contracts

Scores run from -100 to +100: each reading is ranked against its own previous 52 weeks. Big money averages hedge funds and asset managers; everyday traders averages AAII mood and small traders. CFTC positions are as of that week's Tuesday; the AAII survey closes that Wednesday. A gauge, not a forecast. New to this? Read what the AAII survey is and how to read the COT report.

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