Variety of merchants net-short has decreased by 1.88% from final week. SYMBOL
Variety of merchants net-short has decreased by 1.88% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
Wall Avenue |
BEARISH |
50.74% |
49.26% |
14.93%
12.25% |
-2.94%
-1.88% |
5.37%
4.81% |
Wall Avenue: Retail dealer information exhibits 50.74% of merchants are net-long with the ratio of merchants lengthy to brief at 1.03 to 1. The truth is, merchants have remained net-long since Jun 16 when Wall Avenue traded close to 26,276.60, worth has moved 2.89% decrease since then. The variety of merchants net-long is 14.93% greater than yesterday and 12.25% greater from final week, whereas the variety of merchants net-short is 2.94% decrease than yesterday and 1.88% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Wall Avenue costs could proceed to fall.
Our information exhibits merchants are actually net-long Wall Avenue for the primary time since Jun 16, 2020 15:00 GMT when Wall Avenue traded close to 26,276.60. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger Wall Avenue-bearish contrarian buying and selling bias.