Variety of merchants net-short has elevated by 85.89% from final week. SYMBOL
Variety of merchants net-short has elevated by 85.89% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
FTSE 100 |
BULLISH |
47.76% |
52.24% |
-11.49%
-39.54% |
12.55%
85.89% |
-0.38%
-6.62% |
FTSE 100: Retail dealer information exhibits 47.76% of merchants are net-long with the ratio of merchants brief to lengthy at 1.09 to 1. In truth, merchants have remained net-short since Jan 11 when FTSE 100 traded close to 6,802.90, value has moved 2.06% larger since then. The variety of merchants net-long is 11.49% decrease than yesterday and 39.54% decrease from final week, whereas the variety of merchants net-short is 12.55% larger than yesterday and 85.89% larger from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests FTSE 100 costs could proceed to rise.
Our information exhibits merchants are actually net-short FTSE 100 for the primary time since Jan 11, 2021 when FTSE 100 traded close to 6,802.90. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a stronger FTSE 100-bullish contrarian buying and selling bias.
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