“Last week, the volume of Form 4 filings spiked higher as the end of earnings season neared — freeing many insiders from trading restrictions,” said David Coleman, editor of the Vickers Weekly Insider Report. “This ongoing pop in our Sell/Buy readings, coupled with a jump in the volume of Form 4 filings to well above the five-year average, seems to be a clear bearish signal.”
There were more than six sales for every one buy in the last week, according to the report. The trailing eight-week sell-buy ratio — the preferred metric used by Vickers for timing the market — is now at almost five sell transactions for every buy, the most since April. The S&P 500 hit a new high for the year last week.
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