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.