IG markets just released a new tool on their trading platform called "Insights".
It has a few nice little tools, one of them being "client Sentiment". This shows you how many open longs and shorts their clients have on stocks/commodities/indices.
How do you use sentiment in trading? E.g. if 98% of clients are long the ASX200, should I be looking for a shorting opportunity, or maybe going with the flow? Or does it really depend on the other indicators as well as fundamentals?Obviously I would be looking at other indicators in addition to sentiment, but just want to know what I should be looking out for.