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Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Oct 14, 2021 when Wall Street traded near 34,978.50.

Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Oct 14, 2021 when Wall Street traded near 34,978.50.

Research, Research Team
Wall Street Client Positioning

Number of traders net-short has decreased by 16.86% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Wall Street

BEARISH

50.61%

49.39%

15.15% Daily

12.54% Weekly

-19.24% Daily

-16.86% Weekly

-4.85% Daily

-4.19% Weekly

Wall Street: Retail trader data shows 50.61% 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 Oct 14 when Wall Street traded near 34,978.50, price has moved 0.18% lower since then. The number of traders net-long is 15.15% higher than yesterday and 12.54% higher from last week, while the number of traders net-short is 19.24% lower than yesterday and 16.86% 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 Oct 14, 2021 when Wall Street traded near 34,978.50. 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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