Variety of merchants net-short has decreased by 0.49% from final week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| US 500 | BEARISH | 50.86% | 49.14% |
21.72% Day by day 9.88% Weekly |
-5.31% Day by day -0.49% Weekly |
6.74% Day by day 4.52% Weekly |
US 500: Retail dealer knowledge exhibits 50.86% of merchants are net-long with the ratio of merchants lengthy to brief at 1.03 to 1. The truth is, merchants have remained net-long since Nov 22 when US 500 traded close to 4,003.91, worth has moved 1.47% decrease since then. The variety of merchants net-long is 21.72% larger than yesterday and 9.88% larger from final week, whereas the variety of merchants net-short is 5.31% decrease than yesterday and 0.49% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests US 500 costs could proceed to fall.
Our knowledge exhibits merchants are actually net-long US 500 for the primary time since Nov 22, 2022 when US 500 traded close to 4,003.91. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger US 500-bearish contrarian buying and selling bias.
