Weekly Long Positions Climb 24% to Multi-Month High


S&P 500: Weekly Long Positions Climb 24% to Multi-Month High

Weekly Net-Short Positions Decrease 17%

US 500: Retail trader data shows 54.8% of traders are net-long with the ratio of traders long to short at 1.21 to 1. The number of traders net-long is 3.8% lower than yesterday and 24.7% higher from last week, while the number of traders net-short is 0.3% lower than yesterday and 17.0% lower from last week.

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Current Sentiments Conflict With Each Other

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests US 500 prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.

— Written by Jake Schoenleb, DailyFX Research



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