The third Hindenburg Omen in six trading sessions should have rattled stock-market investors — the threatening indicator has preceded some major selloffs. Instead, the S&P 500
SPX, the Dow Jones Industrial Average DJIA and the Nasdaq COMP all have gained ground since the omen most recently emerged last Thursday.
Why stocks have climbed even after the appearance of three Hindenburg Omens
Published:
The third Hindenburg Omen in six trading sessions should have rattled stock-market investors — the threatening indicator has preceded some major selloffs. Instead, the S&P 500
SPX, the Dow Jones Industrial Average DJIA and the Nasdaq COMP all have gained ground since the omen most recently emerged last Thursday.
The Hindenburg Omen appears in a highly bifurcated market — one in which many stocks are hitting new 52-week highs while many others are at new lows. (This MarketWatch report details specific aspects of its calculations.)
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