All Nasdaq shorts are in loss - Citi By
2023-11-15 09:31:53

Citigroup strategists indicate that futures positioning in most markets, including Australia and Europe, remains bearish.

However, they note an exception in the case of U.S. equities, particularly the Nasdaq, where positioning has shifted back to neutral following a recent market rally.

“90% of $37.5bn shorts in SPX and all of the $9.7bn shorts in NDX are in loss. For Nasdaq the average loss is 5% and this adds bullish pressure from current positioning,” the analysts said in a client note.

“This means clear bullish pressure from positioning in the coming days where a short squeeze could drive further flow.”

According to the strategists, shorts are under pressure, and further unwinding of short positions could contribute to short-term market strength.

This projection suggests that market dynamics, particularly in the U.S., may be influenced by short-covering and a potential shift in sentiment.

The content of this article does not represent the views of fxgecko website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

Related News

您正在访问的是FxGecko网站。 FxGecko互联网及其移动端产品是中国香港特别行政区成立的Hitorank Co.,LIMITED旗下运营和管理的一款面向全球发行的企业资讯査询工具。

您的IP为 中国大陆地区,抱歉的通知您,不能为您提供查询服务,还请谅解。请遵守当地地法律。