Insider sentiment turned on a dime…
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.
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