Number of traders net-short has elevated by 13.24% from final week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| Wall Street | BULLISH | 49.54% | 50.46% |
-14.36% Daily -5.38% Weekly |
44.84% Daily 13.24% Weekly |
7.90% Daily 3.18% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -17% | 52% | 9% |
| Weekly | -12% | 23% | 4% |
Wall Street: Retail dealer data shows 49.54% of traders are net-long with the ratio of traders quick to lengthy at 1.02 to 1. In truth, traders have remained net-short since Mar 07 when Wall Street traded near 32,870.10, worth has moved 2.35% decrease since then. The variety of traders net-long is 14.36% decrease than yesterday and 5.38% decrease from final week, whereas the variety of traders net-short is 44.84% larger than yesterday and 13.24% larger from final week.
We usually take a contrarian view to crowd sentiment, and the truth traders are net-short suggests Wall Street costs might proceed to rise.
Our data shows traders are now net-short Wall Street for the first time since Mar 07, 2023 when Wall Street traded near 32,870.10. Traders are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger Wall Street-bullish contrarian buying and selling bias.