PRE MARKET
Futures strong. When you cannot pull major indices back 1%…
PANW, MDT, JEC, DLTR gapping up. PANW up strong.
INTU, A, BURL, LOW, DSW, SIG, CPB gapping down. DSW and SIG down big.
Pre-holiday trading taking over…then again, feels like pre-holiday trading for quite a while.
You mentioned on your show last night heavy insider selling and I am not disputing your facts. However, on page M14 of this week’s Barron’s the chart courtesy of Thomson Reuters shows a reading of 11 which is bullish. I am not trying to pick a fight just your opinion. Bearish is anything over 20 and bullish readings are those under 12. By the way, I held a 401k enrollment meeting on Wednesday last week and every single question from the employees was about the Stable Value Fund that pays 1.75% and has no risk to NAV ( you know GICs etc). Nobody asked me about the Vanguard S and P 500 index fund or any of the equity fund offerings.