Variety of merchants net-short has elevated by 18.57% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
FTSE 100 |
BULLISH |
49.90% |
50.10% |
1.57%
-5.40% |
7.12%
18.57% |
4.28%
5.26% |
FTSE 100: Retail dealer information reveals 49.90% of merchants are net-long with the ratio of merchants brief to lengthy at 1.00 to 1. In reality, merchants have remained net-short since Nov 25 when FTSE 100 traded close to 6,392.60, value has moved 1.11% larger since then. The variety of merchants net-long is 1.57% larger than yesterday and 5.40% decrease from final week, whereas the variety of merchants net-short is 7.12% larger than yesterday and 18.57% larger from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests FTSE 100 costs could proceed to rise.
Our information reveals merchants at the moment are net-short FTSE 100 for the primary time since Nov 25, 2020 10:00 GMT when FTSE 100 traded close to 6,392.60. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a stronger FTSE 100-bullish contrarian buying and selling bias.