Number of traders net-short has increased by 31.75% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIWa
Number of traders net-short has increased by 31.75% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| Wall Street | BULLISH | 48.45% | 51.55% |
-9.95% Daily -32.88% Weekly |
13.96% Daily 31.75% Weekly |
0.97% Daily -10.16% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -8% | 7% | -1% |
| Weekly | -30% | 24% | -11% |
Wall Street: Retail trader data shows 48.45% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Sep 21 when Wall Street traded near 34,068.90, price has moved 0.93% lower since then. The number of traders net-long is 9.95% lower than yesterday and 32.88% lower from last week, while the number of traders net-short is 13.96% higher than yesterday and 31.75% 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 21, 2023 when Wall Street traded near 34,068.90. 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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