Merchants proceed to stay net-short

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Merchants proceed to stay net-short

US 500: Numbers of Merchants Internet-Quick Will increase by 27% From Final WeekUS 500: Retail dealer information reveals 25.8% of


US 500 IG Client Sentiment

US 500: Numbers of Merchants Internet-Quick Will increase by 27% From Final Week

US 500: Retail dealer information reveals 25.8% of merchants are net-long with the ratio of merchants quick to lengthy at 2.88 to 1. The variety of merchants net-long is 7.7% decrease than yesterday and 21.6% decrease from final week, whereas the variety of merchants net-short is 4.0% increased than yesterday and 27.3% increased from final week.

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S&P 500: Current adjustments and present sentiment recommend bullish buying and selling bias

We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests US 500 costs could proceed to rise. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger US 500-bullish contrarian buying and selling bias.

-Written by Tammy Da Costa, DailyFX Analysis



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