Our information reveals merchants are actually net-long Wall Avenue for the primary time since Sep 25, 2020 when Wall Avenue traded close to 27,144.50.

Variety of merchants net-short has decreased by 31.88% from final week.

Wall Avenue: Retail dealer information reveals 56.62% of merchants are net-long with the ratio of merchants lengthy to brief at 1.31 to 1. Actually, merchants have remained net-long since Sep 25 when Wall Avenue traded close to 27,144.50, value has moved 1.70% increased since then. The variety of merchants net-long is 64.16% increased than yesterday and 67.35% increased from final week, whereas the variety of merchants net-short is 11.36% decrease than yesterday and 31.88% decrease from final week.

We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Wall Avenue costs could proceed to fall.

Our information reveals merchants are actually net-long Wall Avenue for the primary time since Sep 25, 2020 when Wall Avenue traded close to 27,144.50. 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 Avenue-bearish contrarian buying and selling bias.