Number of traders net-short has decreased by 21.48% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has decreased by 21.48% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
US 500 |
BEARISH |
58.11% |
41.89% |
25.59%
25.23% |
2.85%
-21.48% |
14.95%
0.25% |
US 500: Retail trader data shows 58.11% of traders are net-long with the ratio of traders long to short at 1.39 to 1. Our data shows traders are now at their most net-long US 500 since Oct 01 when US 500 traded near 4,359.99. The number of traders net-long is 25.59% higher than yesterday and 25.23% higher from last week, while the number of traders net-short is 2.85% higher than yesterday and 21.48% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests US 500 prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.
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