SMALL SPECULATORS REMAIN VERY BEARISH
Small speculators remain heavy net sellers of the S&P 500. The latest data from the CFTC showed a continuing net bearish position by small speculators. This data has tracked the bull market to near inverse perfection. The general public remains highly skeptical of the recovery and this data would appear to be consistent with this thinking. As a longer-term indicator, this could be a sign that the rally has legs.
Originally posted here.
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