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Technical Take: Investors, Make Up Your Minds

|Includes: SPDR Dow Jones Industrial Average ETF (DIA), QQQ, SPY

Guy Lerner, at The Technical Take, says his market sentiment indicators are leaning bullish but equivocating:

Dumb Money Indicator:  Bullish signal
Smart Money Indicator:  Neutral to bullish signal
Insider Indicator:  Neutral signal
Rydex Indicator:  Bullish signal

Lerner feels the bullish leanings of his indicators are compromised by shrinking volume on rising prices last week.  He feels both bulls and bears are challenged to make their case this week.  As I write this, the market is equivocating, as well.  As of 12:35pm Monday, July 12 the major indices are all near unchanged and volatility indices are low. 

Disclosure: Long several S&P 500 stocks.