Number of traders net-short has increased by 6.44% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has increased by 6.44% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
Wall Street |
BULLISH |
49.05% |
50.95% |
-16.94%
-5.31% |
31.51%
6.44% |
2.26%
0.33% |
Wall Street: Retail trader data shows 49.05% of traders are net-long with the ratio of traders short to long at 1.04 to 1. In fact, traders have remained net-short since Sep 14 when Wall Street traded near 34,602.40, price has moved 0.41% higher since then. The number of traders net-long is 16.94% lower than yesterday and 5.31% lower from last week, while the number of traders net-short is 31.51% higher than yesterday and 6.44% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Wall Street prices may continue to rise.
Our data shows traders are now net-short Wall Street for the first time since Sep 14, 2021 12:00 GMT when Wall Street traded near 34,602.40. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.
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