Black Friday Hindenburg Omen Suggests Near-Term Caution

Posted by Chris Puplava - Financial Sense

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History Speeches 6000 Eyewitness Hindenberg Disaster still 624x352

History Speeches 6000 Eyewitness Hindenberg Disaster still 624x352Summary

 

  • Hindenburg Omens using NYSE data can be misleading
  • Using stock-only indices provides better signals
  • Russell 2000 had an Hindenburg Omen trigger on Black Friday
  • Given extended nature of the current advance, some weakness likely ahead

 

Every now and then the financial media is abuzz when a Hindenburg Omen is signaled and investors turn cautious.

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