Traders' Sentiment Indicator Reveals Active Traders are Bullish on S&P 500 but Anticipate US Dollar to Continue to Fall
SARASOTA, Fla., Nov. 18, 2010 /PRNewswire/ -- MoneyShow.com, a multimedia online community for investors and traders, and subsidiary of MoneyShow, the world's leading producer of investment tradeshows and cruises, announced the results of the Traders' Sentiment Indicator today on its Web site. The results revealed that 52% of active traders are bullish, 23% are bearish, and 24% have a neutral outlook about the S&P 500 for the remainder of 2010.
Nearly 14% of respondents reported that more than 50% of their trades will be short sales, up 9% since the last Trader Sentiment Indicator in June of this year, while 25% anticipate they will not make any short sales in 2010. Additionally, 90% of traders expect interest rates to stay the same for the remainder of the year. Nearly 58% of respondents anticipate the economy will remain about the same for the remainder of 2010.
Stocks and options emerged as the trading vehicle of choice, with more than 55% of traders expecting those trades to be the most profitable for the duration of the year. Traders also predicted the U.S. dollar will fall moderately to significantly in relation to other currencies according to 47% of respondents – significant change since the last sentiment indicator was released which revealed 59% of traders expected the U.S. dollar to rise moderately to significantly in relation to other currencies.
The MoneyShow.com Traders' Sentiment Indicator polled 430 traders from its subscriber list between November 9, 2010 and November 16, 2010.
The complete findings of the Traders Sentiment Indicator will be available on the Traders channel on MoneyShow.com.
About MoneyShow.com
MoneyShow.com is a free multimedia online community featuring commentary, videos, Webcasts, and blogs from the same experts who appear at MoneyShow live events, as well as other leading thinkers in the investing and trading worlds. It provides 24-hour access to powerful, profitable, and actionable advice directly "from the experts" offers hundreds of hours of education designed for investors, traders, and financial advisors; and allows easy access by topic, expert, and/or company so investors and traders can tailor the information to their needs. Please visit www.MoneyShow.com.
SOURCE MoneyShow.com
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