Variety of merchants net-short has elevated by 41.21% from final week. SYMBOL
Variety of merchants net-short has elevated by 41.21% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
FTSE 100 |
BULLISH |
48.76% |
51.24% |
-23.94%
-33.58% |
23.95%
41.21% |
-5.16%
-8.84% |
FTSE 100: Retail dealer information exhibits 48.76% of merchants are net-long with the ratio of merchants quick to lengthy at 1.05 to 1. In truth, merchants have remained net-short since Jun 22 when FTSE 100 traded close to 6,287.40, worth has moved 0.03% larger since then. The variety of merchants net-long is 23.94% decrease than yesterday and 33.58% decrease from final week, whereas the variety of merchants net-short is 23.95% larger than yesterday and 41.21% larger from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests FTSE 100 costs could proceed to rise.
Our information exhibits merchants at the moment are net-short FTSE 100 for the primary time since Jun 22, 2020 when FTSE 100 traded close to 6,287.40. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger FTSE 100-bullish contrarian buying and selling bias.