Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Mar 07, 2023 when Wall Street traded near 32,870.10.
Number of traders net-short has increased by 13.24% from last week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
Wall Street: Retail trader data shows 49.54% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Mar 07 when Wall Street traded near 32,870.10, price has moved 2.35% lower since then. The number of traders net-long is 14.36% lower than yesterday and 5.38% lower from last week, while the number of traders net-short is 44.84% higher than yesterday and 13.24% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Wall Street prices may continue to rise.
Our data shows traders are now net-short Wall Street for the first time since Mar 07, 2023 when Wall Street traded near 32,870.10. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.
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