Variety of merchants net-short has decreased by 21.25% from final week. SYMBOL
Variety of merchants net-short has decreased by 21.25% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
51.51% |
48.49% |
47.37%
28.10% |
-26.29%
-21.25% |
-0.73%
-1.76% |
FTSE 100: Retail dealer information exhibits 51.51% of merchants are net-long with the ratio of merchants lengthy to quick at 1.06 to 1. Actually, merchants have remained net-long since Apr 22 when FTSE 100 traded close to 5,763.50, value has moved 1.84% increased since then. The variety of merchants net-long is 47.37% increased than yesterday and 28.10% increased from final week, whereas the variety of merchants net-short is 26.29% decrease than yesterday and 21.25% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests FTSE 100 costs might proceed to fall.
Our information exhibits merchants at the moment are net-long FTSE 100 for the primary time since Apr 22, 2020 08:00 GMT when FTSE 100 traded close to 5,763.50. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger FTSE 100-bearish contrarian buying and selling bias.