Tuesday, August 1, 2017

Stock market incurs most Hindenburg Omens in last 30 days since the collapse of the Dot Com bubble in 2000

Financial analysts love to use a myriad of technical data to forecast the future of a stock or equity, and use them to try to time the markets either up or down.  And while the technical indicator known as the Hindenburg Omen is considered by most to be an outlier indicator of future trends, it does have a decent track record of forecasting the future.


“Over the past 30 days, there have been 8 Hindenburg Omen warning signs in the Dow Industrials. Despite the silly name, the signal is a serious reflection on the internal performance of stocks within an index. On the Dow, this is the largest cluster of warning signs since October 2000. 
“Over the past 30 days, there have been 8 Hindenburg Omen warning signs in the Dow Industrials. Despite the silly name, the signal is a serious reflection on the internal performance of stocks within an index. On the Dow, this is the largest cluster of warning signs since October 2000, 
Recall that the Hindenburg triggers when there is a split within an index – the price itself has been doing well, but breadth momentum is slowing and an abnormally large percentage of stocks are hitting 52-week lows given how well the index is performing. – King World News

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