News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/5M6zJ7kDnk
  • A “PIP” – which stands for Point in Percentage - is the unit of measure used by forex traders to define the smallest change in value between two currencies. Learn how to understand pips in forex here: https://t.co/AfAhmIoVZv https://t.co/Lp5XGaWX7n
  • 🇭🇰 GDP Growth Rate QoQ Final (Q1) Actual: 5.4% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2021-05-14
  • 🇭🇰 GDP Growth Rate YoY Final (Q1) Actual: 7.9% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2021-05-14
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/zD9UMxLCzr
  • Heads Up:🇭🇰 GDP Growth Rate YoY Final (Q1) due at 08:30 GMT (15min) Previous: -3% https://www.dailyfx.com/economic-calendar#2021-05-14
  • Heads Up:🇭🇰 GDP Growth Rate QoQ Final (Q1) due at 08:30 GMT (15min) Previous: 0.2% https://www.dailyfx.com/economic-calendar#2021-05-14
  • 🇵🇱 GDP Growth Rate YoY Prel (Q1) Actual: -1.2% Expected: -1.3% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2021-05-14
  • 🇵🇱 GDP Growth Rate QoQ Prel (Q1) Actual: 0.9% Expected: 1.1% Previous: -0.7% https://www.dailyfx.com/economic-calendar#2021-05-14
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.17%, while traders in France 40 are at opposite extremes with 68.55%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/AznUHS2sN9
Retail Traders Hold Most Extreme S&P 500 Net Short Position in 2 Years

Retail Traders Hold Most Extreme S&P 500 Net Short Position in 2 Years

Daniel Dubrovsky, Strategist

Talking Points

  • S&P 500 net short exposure rose to a 2-year high of 92 percent
  • With the index hitting record highs this past week, traders seem intent on calling a reversal
  • Want to learn more about the DailyFX SSI indicator? Click here to watch a tutorial.

Having trouble trading indexes such as the S&P 500? This may be why.

In early February 2016, the S&P 500 index hit a 2-year low of 1,807.50 – as can be seen on the chart below. At the time, the Speculative Sentiment Index (SSI) showed that 56 percent of retail CFD traders were net long – barely a majority but the most bullish for the group in a long time. Since then, the S&P 500 rallied more than 20 percent and the slight bullish majority quickly transitioned into an intense bearish crowd.

As of Friday’s close, the S&P 500 stood at a record high. Meanwhile, showing an exceptional skepticism, the percentage of traders looking to ride further advance (long the index) shrank to a paltry 8 percent, the smallest percentage in 2 year low. The SSI is a contrarian indicator at extreme levels. In this case, since roughly 92 percent of traders are short the S&P 500, the standard interpretation of investors’ appetites to pick tops and bottoms would suggest further gains may be in order. However, with a laundry list of high-profile event risk including the FOMC rate decision; US, Eurozone and UK GDP figures; and ECB’s bank stress test results due, caution and close monitoring of the newswires will be crucial.

Retail Traders Hold Most Extreme S&P 500 Net Short Position in 2 Years

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES