Insiders Increase Selling Activity to Last March's Levels
Charts remain constructive, but some of the psychology levels have intensified their warning signals.
Jan 22, 2021 | 10:39 AM EST
Three of the major equity indices managed to post new closing highs Thursday although these highs were achieved on negative breadth as the FAANG stocks were largely responsible for the gains.
While the charts remain constructive, some of the psychology levels have intensified their warning signals, notably the action on the part of insiders.
On the Charts
The major equity indices closed mixed Thursday with negative breadth on the NSYE and Nasdaq.
The S&P 500 (see above), Nasdaq Composite and Nasdaq 100 managed to post new fractionally higher all-time highs as the rest declined.