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6th Hindenburg Omen In 8 Days Sends Stocks Slumping

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Zero Hedge
August 14, 2013

As we noted last night, the current cluster of Hindenburg Omens is the most concentrated on record and today just made it worse. Critically, the Hindenburg Omen’s underlying construction is indicative of a market in deep confusion with momentum, advancers, decliners, new highs, and new lows all in divergence. For the 6th day in the last 8, the market has flashed another warning that all is not well in this ‘most levered ever’ equity market.

The equity market internals suggest great confusion…

6th Hindenburg Omen In 8 Days Sends Stocks Slumping 20130814 Hind 0

 

Is it any wonder?

6th Hindenburg Omen In 8 Days Sends Stocks Slumping 20130814 hind1 0

 

Charts: Bloomberg

This article was posted: Wednesday, August 14, 2013 at 11:03 am





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