Summary
Last week, we reported on a significant move to bullish in the weekly insider-sentiment data provided by Vickers Stock Research. So was that positive turn of events maintained this week? Not as aggressively, but the short-term data is still positive and the long-term trends are still improving. The NYSE One-Week Sell/Buy Ratio from Vickers is bullish for a second week. Meanwhile, the Total (all exchanges) and Nasdaq One-Week Sell/Buy Ratios have both moved back into neutral territory from bullish territory last week. But the readings are at the low end of the neutral range that runs from 2.00 to 6.00 (with anything below 2.00 bullish). And, importantly, the overall one-week sentiment is strong enough to allow the eight-week sentiment to continue improving. Vickers’ NYSE Eight-Week Sell/Buy Ratio is now 2.41, improved from 2.75 last week; the Nasdaq Eight-Week Sell/Buy Ratio is now 3.35, from 3.51 last week; and the Total Eight-Week Sell/Buy Ratio is now 2.83, from 3.10 last week. Of note, insider-transaction volume has now fallen to the low levels that are always seen during earnings season, and will stay that way for the next several weeks. On a sector basis, insider buying exceeded selling in Consumer Discretionary last week, with shares valued at $10 million bought versus $6 million sold. Buying also outpaced sell
