Ian Woodward's Investing BlogStock Market: Hindenburg Omen Yesterday!
Yes, the Hindenburg Omen Scored another hit yesterday.
Chris White, the CEO of EdgeRater has provided us with a Template of the Hindenburg Omen which makes it simple to watch for this, and here is the recent evidence of when it has struck, including yesterday:
This Recent Rally is now long in the tooth and deserves a rest as it has been 31 Trading days since it started back on 6/24/2013. It has held up very well but is now running out of steam:
Further evidence comes from Grandma’s Pies for the S&P 1500 which confirms sluggishness:
…And, more of the same with A+B vs D+E showing deterioration in the last two weeks:
Lastly, %A-E is still healthy but not for long, so take heed of all these warning signs:
Best Regards,
Ian.
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