Republic Risk: A Collapse in Insider Buying

Insiders are not buying at the rate they were a few weeks ago, suggesting that we're back into overbought territory as we start a relatively quiet week.

Equity Index Strength Is GREEN on the S&P 500 and GREEN on the Russell 2000

Each morning, we assess the full flows of the market by measuring statistical metrics on a very specific number of stocks to determine broader sentiment and the momentum trend. When these readings turn red, we focus on cash, build trades around positive sectors, or take inverse positions against indices. When it is positive, we focus on short-squeeze stocks, companies with improving fundamentals, and trading/investing.

We’re seeing a nice move upward on oil today as crude options expire. Meanwhile, the futures are effectively flat ahead of a short week. There are very few catalysts that could spur a broad selloff today. We’ll get the latest minutes from the Federal Reserve’s November meeting tomorrow. We’re looking for a quieter, lower-volume day.