The latest data from the CFTC shows continued bearishness by small speculators. The latest net bearish reading shows a drastic improvement over the December 15th data, but still shows the net bearish position that small speculators have maintained throughout the rally from the March 8th lows. Viewing this data from a purely contrarian position the indicator continues to look bullish heading into 2010.
Source: CFTC
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
Comments are closed.