Cullen Roche notes that unlike a few weeks ago when insiders were fleeing, insiders are buying hand over fist after the downturn.
Just two week’s ago with the market at 1300, insiders couldn’t get out of the market fast enough. The Vickers Insider trading report showed its highest levels of insider selling since 1974. After a vicious two week sell-off, the tables have turned. The latest weekly reading is the most bullish data point since 1998.











[...] going forward. The market is still oversold, investor sentiment is overly bearish and insiders are increasing their buying, so we would expect some consolidation here or even further advances. Use them to reduce risk. If [...]
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