Number of traders net-short has decreased by 20.36% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIWa
Number of traders net-short has decreased by 20.36% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| Wall Street | BEARISH | 53.72% | 46.28% |
50.17% Daily 34.44% Weekly |
-21.07% Daily -20.36% Weekly |
5.93% Daily 1.97% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 44% | -19% | 6% |
| Weekly | 34% | -23% | -1% |
Wall Street: Retail trader data shows 53.72% of traders are net-long with the ratio of traders long to short at 1.16 to 1. In fact, traders have remained net-long since Nov 02 when Wall Street traded near 33,825.70, price has moved 12.22% higher since then. The number of traders net-long is 50.17% higher than yesterday and 34.44% higher from last week, while the number of traders net-short is 21.07% lower than yesterday and 20.36% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Wall Street prices may continue to fall.
Our data shows traders are now net-long Wall Street for the first time since Nov 02, 2023 when Wall Street traded near 33,825.70. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
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