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Number of traders net-short has decreased by 29.04% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
72.87% |
27.13% |
4.98%
17.42% |
-0.15%
-29.04% |
3.54%
-0.29% |
US 500: Retail trader data shows 72.87% of traders are net-long with the ratio of traders long to short at 2.69 to 1. Our data shows traders are now at their most net-long US 500 since May 12 when US 500 traded near 3,925.70. The number of traders net-long is 4.98% higher than yesterday and 17.42% higher from last week, while the number of traders net-short is 0.15% lower than yesterday and 29.04% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests US 500 prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.
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