Tax cut sugar high goes away soon….Looks like a double top in NYSE….Over the past 4 weeks a total of 20 Hindenburg Omens have been triggered on the NYSE and Nasdaq

A month ago I noted here that the Nasdaq had triggered another cluster of Hindenburg Omens. Over the past couple of weeks it has triggered another cluster but what is even more notable is the streak at the NYSE. Over the past ten days, this exchange has triggered an omen every day. Such a streak has not happened over at least the past 40 years. This brings the total number of omens triggered on both exchanges over the past month to 15, the most since December of 1999, just before the peak of the Dotcom Mania.

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