Week of Jan 19, 2026

The Hollow Gap was -71

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

The Hollow Gap
-71
Big money
-21
Everyday traders
+50

Big money scored -21 and everyday traders +50, so the Hollow Gap was -71 (everyday traders far more bullish). That was up 29 points from -100 the week before. The biggest move came from small traders, +94 to +40. In the AAII survey, 43.2% of members were bullish and 32.7% bearish.

The four readings

ReadingScoreDetail
Hedge funds-44Leveraged funds net short 414,085 contracts
Asset managers+2Asset managers net long 892,394 contracts
AAII mood+60AAII: 43.2% bullish, 32.7% bearish (spread +10.5 pts)
Small traders+40Small traders net long 123,699 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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