Variety of merchants net-short has elevated by 15.57% from final week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| US 500 | BULLISH | 49.92% | 50.08% |
-13.08% Day by day -12.04% Weekly |
13.04% Day by day 15.57% Weekly |
-1.71% Day by day -0.09% Weekly |
US 500: Retail dealer knowledge exhibits 49.92% of merchants are net-long with the ratio of merchants quick to lengthy at 1.00 to 1. Actually, merchants have remained net-short since Feb 21 when US 500 traded close to 4,002.42, value has moved 0.29% increased since then. The variety of merchants net-long is 13.08% decrease than yesterday and 12.04% decrease from final week, whereas the variety of merchants net-short is 13.04% increased than yesterday and 15.57% increased from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests US 500 costs could proceed to rise.
Our knowledge exhibits merchants at the moment are net-short US 500 for the primary time since Feb 21, 2023 17:00 GMT when US 500 traded close to 4,002.42. Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger US 500-bullish contrarian buying and selling bias.
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