Number of traders net-short has decreased by 33.39% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| Wall Street | BEARISH | 50.13% | 49.87% |
39.54% Daily 89.82% Weekly |
-6.80% Daily -33.39% Weekly |
11.82% Daily -1.26% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 39% | -9% | 10% |
| Weekly | 81% | -34% | -2% |
Wall Street: Retail trader data shows 50.13% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Jun 28 when Wall Street traded near 33,933.80, price has moved 1.37% higher since then. The number of traders net-long is 39.54% higher than yesterday and 89.82% higher from last week, while the number of traders net-short is 6.80% lower than yesterday and 33.39% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Wall Street prices may continue to fall.
Our data shows traders are now net-long Wall Street for the first time since Jun 28, 2023 when Wall Street traded near 33,933.80. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
