Summary
The volume of weekly insider transactions reported by Vickers Stock Research has started to grow a bit as earnings season progresses. As of last week, over 60% of the companies in the S&P 500 had reported results. Turning to insider-sentiment data, a plateau appears to be forming while the news flow remains volatile. Tuning first to the Total One-Week Sell/Buy Ratio from Vickers, the current reading is neutral at 5.73, but just below the bearish zone that starts at 6.00. Two weeks ago, the reading was a more-worrisome 10.25. The bouncy one-week data has left the broader Total Eight-Week Sell/Buy Ratio at 5.37 and in a neutral range that runs from 2.00 to 6.00; the reading has sported a ‘five handle’ since November. On an exchange basis, the current NYSE one-week ratio is 4.57 and has been moving from neutral to slightly bearish for over a month, resulting in a softly improving eight-week reading (currently neutral at 4.37). The Nasdaq has been the problem child of late, but the current one-week reading is 6.53 and has been stable for two weeks after hitting a troubling 14.06 two weeks ago and 15.57 two weeks before that. The eight-week reading currently at 6.50 and
