Number of traders net-short has decreased by 29.32% from final week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| Wall Street | BEARISH | 51.10% | 48.90% |
43.03% Daily 40.22% Weekly |
-18.90% Daily -29.32% Weekly |
4.14% Daily -5.33% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 45% | -22% | 3% |
| Weekly | 46% | -34% | -8% |
Wall Street: Retail dealer data shows 51.10% of traders are net-long with the ratio of traders lengthy to quick at 1.04 to 1. In truth, traders have remained net-long since Mar 28 when Wall Street traded near 32,430.10, worth has moved 2.36% increased since then. The variety of traders net-long is 43.03% increased than yesterday and 40.22% increased from final week, whereas the variety of traders net-short is eighteen.90% decrease than yesterday and 29.32% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the truth traders are net-long suggests Wall Street costs could proceed to fall.
Our data shows traders are now net-long Wall Street for the first time since Mar 28, 2023 when Wall Street traded near 32,430.10. Traders are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger Wall Street-bearish contrarian buying and selling bias.