Number of traders net-short has decreased by 26.81% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
50.69% |
49.31% |
44.52%
48.70% |
-14.42%
-26.81% |
7.88%
-1.45% |
Wall Street: Retail trader data shows 50.69% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Jul 10 when Wall Street traded near 26,094.90, price has moved 6.51% higher since then. The number of traders net-long is 44.52% higher than yesterday and 48.70% higher from last week, while the number of traders net-short is 14.42% lower than yesterday and 26.81% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Wall Street prices may continue to fall.
Our data shows traders are now net-long Wall Street for the first time since Jul 10, 2020 when Wall Street traded near 26,094.90. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
