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The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.

Early last week, we talked about the broadening stock market, but noted that the expansion in outperformance remained within Information Technology. We have seen a pause in the leading semiconductor stocks, but a pop in computer hardware and software. We also have seen nice short-term moves in banks, with some breaking out of bullish bases. But it's the semis we are worried about for a number of reasons. The industry has been on fire, soaring by 31% since April 19; by 79% since October 2023; and by 165% since October 2022. There have been a few decent pullbacks along the way, which is positive as each pullback creates a bullish base and a platform that turns into chart support on the way down. The iShares Semiconductor ETF (SOXX) is 70% above its 200-week exponential average. That was exceeded only after the rebound from the pandemic, so we are in rarefied air. While the S&P 500, S&P 100, Invesco S&P Top 50 (XLG), Nasdaq, and Nasdaq 100 all have made all-time highs over the past five days, the SOXX has done so by a mere $0.31. The Van Eck Vectors Semi ETF (SMH), the Dow Jones U.S. Semiconductor Index ($DJUSSC), and "King Nvidia" have not. The SOXX relative strength (RS) versus the QQQs has been flat since early March, while the RS of the other two semi indices has been flat over the past month. The vortex indicator for the semi stocks is either just crossing into sell territory or is close. The last time this occurred was in late March and again in August to October of 2023, both early days in semi pullbacks. (Mark Arbeter, CMT)

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.