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An Increase in Net-Long Suggests Prices May Continue To Drop

An Increase in Net-Long Suggests Prices May Continue To Drop

2018-12-10 19:30:00
Nancy Pakbaz, CFA, Markets Writer
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61.6% OF TRADERS ARE NET-LONG, AN INCREASE FROM LAST WEEK

US 500: Retail trader data shows 61.6% of traders are net-long with the ratio of traders long to short at 1.6 to 1. The number of traders net-long is 3.8% lower than yesterday and 25.3% higher from last week, while the number of traders net-short is 12.1% lower than yesterday and 39.2% lower from last week.

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S&P 500 SENTIMENT SUGGEST BEARISH TRADING BIAS

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

--- Written by Nancy Pakbaz, CFA, DailyFX Research

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