Variety of merchants net-short has elevated by 45.26% from final week. SYMBOL
Variety of merchants net-short has elevated by 45.26% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
FTSE 100 |
BULLISH |
49.23% |
50.77% |
-11.19%
-25.10% |
30.12%
45.26% |
5.87%
-0.67% |
FTSE 100: Retail dealer information reveals 49.23% of merchants are net-long with the ratio of merchants brief to lengthy at 1.03 to 1. In actual fact, merchants have remained net-short since Jul 20 when FTSE 100 traded close to 6,264.90, value has moved 0.17% larger since then. The variety of merchants net-long is 11.19% decrease than yesterday and 25.10% decrease from final week, whereas the variety of merchants net-short is 30.12% larger than yesterday and 45.26% larger from final week.
We usually 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 reveals merchants at the moment are net-short FTSE 100 for the primary time since Jul 20, 2020 when FTSE 100 traded close to 6,264.90. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger FTSE 100-bullish contrarian buying and selling bias.