30.6% OF TRADERS ARE NET-LONG
US 500: Retail dealer knowledge reveals 30.6% of merchants are net-long with the ratio of merchants brief to lengthy at 2.26 to 1. In actual fact, merchants have remained net-short since Jan 07 when US 500 traded close to 2527.99; worth has moved 7.1% greater since then. The variety of merchants net-long is 9.zero% decrease than yesterday and four.eight% greater from final week, whereas the variety of merchants net-short is zero.6% decrease than yesterday and three.three% greater from final week.
For extra in-depth evaluation, try the Q1 2019 Forecast for Equities
S&P 500 SENTIMENT CONTINUES TO GIVE AN UNCLEAR DIRECTION
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests US 500 costs might proceed to rise. Positioning is extra net-short than yesterday however much less net-short from final week. The mix of present sentiment and up to date adjustments provides us an additional combined US 500 buying and selling bias.
— Written by Nancy Pakbaz, CFA, DailyFX Analysis