Traders Sentiment Bullish for 2011
MoneyShow.com indicator reveals 64% of Active Traders are Bullish, 22% Bearish, 14% Neutral
SARASOTA, Fla., Feb. 23, 2011 /PRNewswire/ -- MoneyShow.com, the largest multimedia investment education destination for investors, traders, and financial advisors announced the results of its most recent Traders' Sentiment Indicator on its Web site. The results revealed that 64% of active traders are bullish, 22% are bearish, and 14% have a neutral outlook about the S&P 500 between now and the end of the year.
In line with these predictions, 20% of respondents reported that they will not make any short sales and another 24% indicated they anticipate that less than 10% of their trades will be short sales for the remainder of 2011. Additionally, 54% of traders expect to see the Fed raise interest rates at least once before the end of the year.
Stocks and options emerged as the trading vehicles of choice, with more than 60% of traders expecting those trades to be the most profitable for the duration of the year. Traders are split on the direction of the U.S. dollar in relation to other currencies with 29% responding it will remain about the same, 30% indicating it will rise moderately and 31% stating it will fall moderately.
Traders also believe that gold still has more room to run with 59% stating the precious metal will rise by less than 25% while 14% of traders believe it will rise more than 25%.
The MoneyShow.com Traders' Sentiment Indicator polled active traders from its subscriber list between February 16 and February 18. The complete findings of the Traders' Sentiment Indicator are now available on MoneyShow.com.
About MoneyShow.com
MoneyShow.com is a 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 offers free membership and provides 24-hour access to powerful, profitable, and actionable advice directly "from the experts"; hundreds of hours of education designed for investors, traders, and financial advisors; and content by topic, expert, and/or company specific to investors' portfolio needs. Please visit www.MoneyShow.com.
SOURCE MoneyShow.com
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