Variety of merchants net-short has decreased by 26.81% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
Wall Road |
BEARISH |
50.69% |
49.31% |
44.52%
48.70% |
-14.42%
-26.81% |
7.88%
-1.45% |
Wall Road: Retail dealer information exhibits 50.69% of merchants are net-long with the ratio of merchants lengthy to quick at 1.03 to 1. In reality, merchants have remained net-long since Jul 10 when Wall Road traded close to 26,094.90, worth has moved 6.51% increased since then. The variety of merchants net-long is 44.52% increased than yesterday and 48.70% increased from final week, whereas the variety of merchants net-short is 14.42% decrease than yesterday and 26.81% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Wall Road costs might proceed to fall.
Our information exhibits merchants at the moment are net-long Wall Road for the primary time since Jul 10, 2020 when Wall Road traded close to 26,094.90. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger Wall Road-bearish contrarian buying and selling bias.