Variety of merchants net-short has decreased by 17.75% from final week. SYMBOL
Variety of merchants net-short has decreased by 17.75% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
FTSE 100 |
BEARISH |
50.86% |
49.14% |
11.44%
9.16% |
-14.09%
-17.75% |
-2.76%
-5.96% |
FTSE 100: Retail dealer knowledge exhibits 50.86% of merchants are net-long with the ratio of merchants lengthy to quick at 1.04 to 1. In truth, merchants have remained net-long since Jun 01 when FTSE 100 traded close to 6,178.00, worth has moved 2.99% larger since then. The variety of merchants net-long is 11.44% larger than yesterday and 9.16% larger from final week, whereas the variety of merchants net-short is 14.09% decrease than yesterday and 17.75% 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 could proceed to fall.
Our knowledge exhibits merchants are actually net-long FTSE 100 for the primary time since Jun 01, 2020 14:00 GMT when FTSE 100 traded close to 6,178.00. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger FTSE 100-bearish contrarian buying and selling bias.