Market Digest: AAP, ANF, BBY, DOW, DOW, RKT

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Summary

The rotational trends in insider-sentiment that we discussed last week remain in place for a second week. But the overall insider-sentiment picture gleaned from the weekly data supplied by Vickers Stock Research remains noticeably cautious. This ‘more cautious than we prefer’ status has been in place for all of 2021, and we continue to tag it as stubborn. Insider sentiment is not so bad as to call for a defensive posture, but it is far from bullish and stuck in a range. Specifically, Vickers’ benchmark NYSE/ASE Eight-Week Sell/Buy Ratio has been between 4.58 and 5.97 since early January. Currently, it is at 4.78.

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