SMALL TRADERS INCREASE THEIR BEARISH BETS
19 January 2010 by TPC
1 Comment
As small investors continue to pull money out of equity market funds, small speculators are continued net sellers according to the CFTC. As has been the case throughout the 60% bull market, small futures traders at the CME have been net short sellers of the S&P 500. The latest data from the CFTC showed a slight increase in overall bearish positions versus last week’s data. As a contrarian indicator, this net bearish position continues to point to potential future market gains.
More on this topic
(What's this?)
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(The Technical Take, 3/3/10)
S&P 500 Screening: Candlestick Patterns
(Short-Term Trading, 1/4/10)
And You Thought Roubini and Faber Were Bearish
(Random Roger's Big Picture, 2/17/10)
Rosenberg: End Of Bear Rally
(Short-Term Trading, 2/5/10)
I don’t think this is a very good predictive force (or contrarian as you call it).