Hindenburg Omen Triggers For The 1st Time In 3 Months
A warning for stocks last fall was triggered by several conditions, primarily that major indexes were still in uptrends, but fewer and fewer stocks were driving them higher (the McClellan Oscillator moved below zero) and the market was split with a large number of securities hitting 52-week highs and a large number at 52-week lows at the same time.
For the first time since October 2018, those same conditions exist now, triggering a Hindenburg Omen on both the NYSE and Nasdaq. See the July 19, 2019 report for more detail.