00 GMT when Wall Street traded near 33,096.00.

Wall Street Client Positioning

Number of traders net-short has increased by 22.26% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
Wall Street BULLISH 47.68% 52.32%

-28.15% Daily

-19.91% Weekly

33.10% Daily

22.26% Weekly

-5.37% Daily

-2.27% Weekly




of clients are net long.




of clients are net short.

Change in Longs Shorts OI
Daily -28% 33% -5%
Weekly -20% 22% -2%

Wall Street: Retail trader data shows 47.68% of traders are net-long with the ratio of traders short to long at 1.10 to 1. In fact, traders have remained net-short since May 23 when Wall Street traded near 33,096.00, price has moved 1.58% higher since then. The number of traders net-long is 28.15% lower than yesterday and 19.91% lower from last week, while the number of traders net-short is 33.10% higher than yesterday and 22.26% 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 May 23, 2023 19:00 GMT when Wall Street traded near 33,096.00. 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.



Source link

Comments are closed.