Hyper-Bearish to Bullish in Just Three Weeks
By Paul Price of Market Shadows
The Thomsom Reuters Insider Sell to Buy indicator went wildly bearish in the week ended Jan. 17, 2014. That turned out to be a valid short-term signal as the market sold off sharply through Feb. 3, when the DJIA plunged 326 points to a new 2014 low.
By last Friday, February 7, insiders had swung back into bullish territory. The current level is near the mid-December reading which preceded a move to new highs in both the DJIA & SPY.
