Never miss a story from Jake Schoenleb

Subscribe to recieve updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Jake Schoenleb

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

S&P 500: Weekly Short Positions Soar 29% Prompting a Bullish Bias

49% of Retail Traders are Net-Long

US 500: Retail trader data shows 49.3% of traders are net-long with the ratio of traders short to long at 1.03 to 1. The number of traders net-long is 10.0% lower than yesterday and 5.9% lower from last week, while the number of traders net-short is 10.3% higher than yesterday and 29.0% 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.

S&P 500 Sentiment Suggest Prices may Rise

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.

--- Written by Jake Schoenleb, DailyFX Research