Analysis

S&P 500: Retail Dealer knowledge exhibits 29.5% of merchants are Web-Lengthy

S&P 500: Variety of Merchants Web-Lengthy has Elevated by 16.2% From Final Week

US 500: Retail dealer knowledge exhibits 29.5% of merchants are net-long with the ratio of merchants quick to lengthy at 2.39 to 1. In truth, merchants have remained net-short since Jan 07 when US 500 traded close to 2637.97; value has moved 11.2% greater since then. The variety of merchants net-long is 2.three% greater than yesterday and 16.2% greater from final week, whereas the variety of merchants net-short is 1.6% greater than yesterday and zero.9% greater from final week.

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S&P 500: Sentiment suggests value pattern might reverse decrease

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. But merchants are much less net-short than yesterday and in contrast with final week. Latest adjustments in sentiment warn that the present US 500 value pattern might quickly reverse decrease regardless of the very fact merchants stay net-short.

Written by Tammy Da Costa, DailyFX Analysis

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