Reversal of the reversal?
By Paul Price
Last Thursday’s selloff brought insider buying back into vogue. The Thomson-Reuters Insider Sell/Buy ratio is now back into bullish territory. This indicator, like all others, is not infallible, but it has a decent record at calling medium-term (weeks to months) broad market moves.
Perhaps the abrupt selloff was a short but sweet disruption in a long-term uptrend rather than an early warning of impending doom. Market Shadows was a buyer, not a seller, during Thursday’s decline.
