Although equities were up nicely week over week, investors are not in a mood to chase prices higher. Investor sentiment is neutral, and to me, this suggests that there is nothing very compelling regarding the current market environment.
"Insider sentiment shifted from bearish to neutral as executives, directors and 10% owners at Russell 2000 companies and within the Financial and Consumer Discretionary showed a more positive outlook. It should be noted that trading volume started its seasonal decline as companies began closing trading windows ahead of the end of the quarter. Qualitatively, we were pleasantly surprised by the number of buyers, especially so close to the end of the quarter; and, we were also surprised by the quality of buying (Actionable Buy research briefs outnumbered Actionable Sell research briefs for the first time in months). Volume will continue to decrease over the next several weeks and will thin significantly once the calendar turns to April and Q2'11 begins."