In the week ending May 15, NYSE Member Net Buy/Sell numbers hit a new, all-time net buying high (+741,439,000) This number is greater than during the beginning of the Iraq war: On March 28, 2003 we hit +588,248,000 shares.

NYSE Member Weekly Buy/Sell
click for larger chart
Source: DecisionPoint

Most of the time, it is hard to make much sense of the net buy sell numbers – the data is inconclusive as a market guide. But Carl Swenlin notes “Significant amounts of NYSE Member buying or selling should serve as red flags, because it is their business to insure that their positions unwind in their favor.”

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Quote of the Day:
“Ronald Regan is not a typical politician because he doesn’t know how to lie, cheat and steal. He’s always had an agent for that.” – Bob Hope

Category: Finance

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