ETF Range Projections & A Quote to Start the Day

A mind at peace, a mind centered and not focused on harming others, is stronger than any physical force in the universe.

- Wayne Dyer

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left.

Overseas markets are are quiet and little changed so far this morning: Nikkei 225 +0.22%, Hang Seng +0.48%, Shanghai1.+0.14%, DAX -0.10%, and the FTSE +0.00%

At about 7:10AM ET the futures are little changed with an upward bias: Dow +16, S&P +3, NAZ +8, Oil +$0.25 and Gold +$10.00

Trade Safe and

have a great day!

Insider Activity by U.S. Sector

For the fifth and final time in 2010 let’s take a look at Insider Activity by U.S. Sector as published in the weekend edition of the Wall Street Journal.  For each date I include the insider activity by sector by market value.

There are many reasons an insider will sell stock that have nothing to do with the insiders opinion of his company.  He may sell to diversify his investments as a for instance, or perhaps to put on a lavish wedding for his daughter.

by market value in U.S. $. Sector classification by Thomson Reuters

Buying however generally is a statement by the insider on his/her opinion of the future prospects of his/her company.  In that vain I tend to look at insider buying as more important for stock selection purposes than insider selling (which according to some are at historically high levels). Adding up all the columns notice that insider buying is almost double the level of early October.  Since you’re looking at market value the advance in the stock market accounts for some of that increase but only some.

Even with the increase, insider buying appears to me to be rather anemic at this stage, you will need to look at company specific data for more clarity.