Art Cashin Discusses the Hindenburg Omen Cluster
There has been a recent clustering of Hindenburg Omen signals. CNBC’s technical guru Art Cashin was on hand to discuss the implications.
Definition from Investopedia:
A technical indicator named after the famous crash of the German airship of the late 1930s. The Hindenburg omen was developed to predict the potential for a financial market crash. It is created by monitoring the number of securities that form new 52-week highs relative to the number of securities that form new 52-week lows – the number of securities must be abnormally large. This criteria is deemed to be met when both numbers are greater than 2.2% of the total number of issues that trade on the NYSE (for that specific day).
Related Posts
-
AT&T and BT Group Added to the SMA PortfolioWeakness in the telecom sector, along with rising interest...
- May 18, 2018
-
Mary Ann Bartels Explains The Thesis of the Secular BullMary Ann Bartels, CIO at Bank of America -...
- January 7, 2018
-
Jeff Saut Bullish on Prospects for Stocks in 2018Jeff Saut, chief investment strategist at Raymond James, was...
- December 30, 2017
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Gary Shilling’s Favorite Investment: 30 Year Treasuries
Larry Kudlow interviewed Gary Shilling last week. Shilling continues...
- June 23, 2011
