The Hindenburg Omen is a combination of technical factors that attempt to measure the health of the NYSE, and by extension, the stock market as a whole. The goal of the indicator is to signal increased probability of a stock market crash...
The Hindenburg Omen is triggered when the number of stocks making new 52 week highs and new lows is both high simultaneously (and some other factors thrown in to reduce false positives). Most "fundamental" stock analysts dismiss chart analysis, because they would prefer to guess where profits will be one year from now based on where they are today, which is far more scientific and has an unbroken track record of never calling the collapse in profits...
This week the HO triggered. For good reason:
U.S. markets highs - lows (30 dma):
NYSE Daily new lows spiked this week:
U.S. Total market new highs (30 dma):
The Zuckerberg Omen triggered this week as well, because only one stock is holding up the Nasdaq 100, and it's not Facebook (or Amazon or Google):
Or Netflix
And the one stock holding up the Nasdaq 100 is...
Nvidia, what else? The ONE stock you never want to see holding up the entire market...
Up another 30% this week:
And for the record, my Magic 8 Ball says that fundamentals rolled over a long time ago...so fundamentalist morons should already be out of the market, because this is strictly a momentum circle jerk now...
Corporate profits, stocks, 'Conomy:
S&P Earnings yield with global GDP:
