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S&P 500 : Traders Net-Long Increased from Last Week

S&P 500 : Traders Net-Long Increased from Last Week

Nancy Pakbaz, CFA, Markets Writer
SP500

PERCENTAGE OF NET-LONG TRADERS IS AT ITS HIGHEST SINCE FEB. 13

US 500: Retail trader data shows 28.7% of traders are net-long with the ratio of traders short to long at 2.49 to 1. In fact, traders have remained net-short since Jan 07 when US 500 traded near 2499.68; price has moved 9.2% higher since then. The percentage of traders net-long is now its highest since Feb 13 when US 500 traded near 2749.65. The number of traders net-long is 2.6% higher than yesterday and 10.7% higher from last week, while the number of traders net-short is 6.8% lower than yesterday and 5.3% lower from last week.

S&P 500 GIVES AN UNCLEAR DIRECTION

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

Tuesday 20:00 GMT

Wednesday 12:30 GMT

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(click on one of the above times to enroll)

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

Follow Nancy on Twitter @ NancyPakbazFX

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

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