Insiders Are Heading for the Exits In Droves

All of the indexes closed lower yesterday, with negative internals on the NYSE and Nasdaq as volumes rose notably -- implying institutional distribution. No important technical events occurred on the charts, leaving the mix of neutral and positive short-term trends intact.

The data remains largely neutral, as well. But we are still concerned about historically high valuation of the S&P 500 Index (SPX), along with excessively bullish crowd sentiment, while insiders intensify their selling activity. We are maintaining our "neutral/negative" near-term outlook for the major equity indexes, as we view the current risk/reward scenario as less than appealing....252 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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