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Number of traders net-short has decreased by 10.27% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| Wall Street | BEARISH | 50.53% | 49.47% |
15.33% Daily 25.06% Weekly |
-10.90% Daily -10.27% Weekly |
0.67% Daily 4.67% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 15% | -11% | 1% |
| Weekly | 25% | -10% | 5% |
Wall Street: Retail trader data shows 50.53% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Jun 02 when Wall Street traded near 33,756.10, price has moved 0.41% higher since then. The number of traders net-long is 15.33% higher than yesterday and 25.06% higher from last week, while the number of traders net-short is 10.90% lower than yesterday and 10.27% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Wall Street prices may continue to fall.
Our data shows traders are now net-long Wall Street for the first time since Jun 02, 2023 when Wall Street traded near 33,756.10. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
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