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S&P 500: Retail Traders Reduce Weekly Long Positions 20%

S&P 500: Retail Traders Reduce Weekly Long Positions 20%

Jake Schoenleb,
S&P 500: Retail Traders Reduce Weekly Long Positions 20%

Only 27% of Retail Traders are Net-Long

Wall Street: Retail trader data shows 27.7% of traders are net-long with the ratio of traders short to long at 2.61 to 1. In fact, traders have remained net-short since Jul 06 when Wall Street traded near 24584.1; price has moved 8.8% higher since then. The number of traders net-long is 6.8% higher than yesterday and 20.3% lower from last week, while the number of traders net-short is 15.5% lower than yesterday and 9.4% higher from last week.

To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar.

Current Sentiment is Unable to Provide a Clear Direction

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Wall Street prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed Wall Street trading bias.

--- Written by Jake Schoenleb, DailyFX Research

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

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