ALERT: 3rd Largest Cluster Of Hindenburg & Titanic Warnings Since 2009

via king world news

Trouble is brewing underneath the stock market as last week saw the 3rd largest cluster of Hindenburg and Titanic warnings since 2009.

Every day last week triggered a Hindenburg or Titanic technical warning signal. Similar clusters preceded consistent weakness across stocks, good for volatility. — Jason Goepfert

Hindenburg Omen – periods of weakening breadth during rising markets, with many 52-week highs and lows

Titanic Syndrome – a recent 52-week high in stocks followed by a day with more stocks at 52-week lows than highs

Hindenburgs & Titanics: Here is a portion of today’s note from Jason Goepfert at SentimenTrader:  Don’t laugh. That seems to the be necessary introduction every time we take a look at the technical warning signs unfortunately called the Hindenburg Omen and Titanic Syndrome. Driven by hyped-up marketing names and scorn by sanctimonious (and hypocritical) fundamental analysts, the signals tend to generate a lot of attention when they fail…

And like everything else, they do fail. Just not as often as most (including favored fundamental indicators). This is a worry now because last week, the NYSE generated either a Hindenburg or Titanic warning sign. Every single day.

The exchange generated a total of 6 combined warning signs for the week. That’s tied for the 3rd-heaviest cluster of warnings since stocks bottomed in 2009.

Last week triggered the 3rd- most warning signs since stocks bottomed in 2009

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