Week of Jan 26, 2026

The Hollow Gap was -89

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

The Hollow Gap
-89
Big money
-15
Everyday traders
+75

Big money scored -15 and everyday traders +75, so the Hollow Gap was -89 (everyday traders far more bullish). That was down 18 points from -71 the week before. The biggest move came from asset managers, +2 to +33. In the AAII survey, 44.4% of members were bullish and 30.8% bearish.

The four readings

ReadingScoreDetail
Hedge funds-63Leveraged funds net short 427,002 contracts
Asset managers+33Asset managers net long 911,628 contracts
AAII mood+89AAII: 44.4% bullish, 30.8% bearish (spread +13.6 pts)
Small traders+60Small traders net long 127,917 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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