Variety of merchants net-short has decreased by 31.88% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
56.62% |
43.38% |
64.16%
67.35% |
-11.36%
-31.88% |
19.86%
2.55% |
Wall Street: Retail dealer knowledge exhibits 56.62% of merchants are net-long with the ratio of merchants lengthy to brief at 1.31 to 1. The truth is, merchants have remained net-long since Sep 25 when Wall Avenue traded close to 27,144.50, value has moved 1.70% greater since then. The variety of merchants net-long is 64.16% greater than yesterday and 67.35% greater 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 very fact merchants are net-long suggests Wall Avenue costs could proceed to fall.
Our knowledge exhibits merchants at the moment are 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 provides us a stronger Wall Avenue-bearish contrarian buying and selling bias.
