In aggregate, investor sentiment is neutral. However, when looking at the data in greater detail, we note that company insiders are neutral while the "smart money" is bullish and that the "dumb money" is neutral while the Rydex market timers are bearish (i.e., bull signal). Similar data on opposite ends of the investing spectrum yields a somewhat confusing yet neutral reading.
The current bounce has followed the expected script.
"Insiders continued to show a bearish bias, but in a surprise move it was the Financial sector which dragged sentiment further down, resulting in a four-month low for the Weekly Score."