Tagged: Hindenburg Omen RSS

  • Pete 2:13 PM on September 23, 2010 Permalink
    Tags: Hindenburg Omen   

    Hindenburg Omen sighted… on Bloomberg 

    FT.com Alphaville reporting:

    Oh, the humanity! Oh, the HIND ! Which function gets you, err, this when you tap it into your nearest Bloomberg terminal, as of Thursday:

    Which are, of course, the components of the Hindenburg Omen indicator — allowing you too to watch for signs of a market crash.

    Bloomberg users have access to pretty much any data you can think of. Now they have added the Hindenburg Omen indicator to their systems. Can it be their users who are finance professionals asked for this addition? The creator of the Hindenburg Omen must be happy.

    Interesting timing…. will the Hindenburg Omen ever work again? Just a diabolical thought ;)

     

  • Pete 12:52 PM on August 24, 2010 Permalink
    Tags: Hindenburg Omen,   

    S&P Stocks Trading at New 52-Week Lows 

    CNBC reporting:

    In today’s trading session, 41 stocks in the S&P 500 reached a new 52-week low.

    Take a look at the names on this list. We can get a pretty good picture of what
    the economy is really like out there by the price action of these S&P 500 companies.

    To top it all off Mark Hulbert’s article on the Hindenburg Omen:
    Crash and burn

    The market is falling, the market is falling!

    That’s the urgent warning coming from devotees of an esoteric market timing gauge known as the Hindenburg Omen. They say that it is a reliable indicator of an imminent stock market crash.

    But I’m not so sure.

    In fact, my review of the data suggests that those using the Omen to predict a crash are good candidates to win the Chicken Little award.

     

  • Pete 1:10 PM on August 18, 2010 Permalink
    Tags: , Hindenburg Omen,   

    TheStreet.com Hot Topics 

    Wondering what their readers are interested in?

     

  • Pete 12:51 PM on August 18, 2010 Permalink
    Tags: Hindenburg Omen,   

    What Exactly Is the ‘Hindenburg Omen’? 

    Jim Cramer from Mad Money reporting:

    Beware, investors! A terrifying new pattern in the charts emerged last Thursday, Aug. 12, one that supposedly portends doom for stocks. A crash, even, if history is any guide. It’s called the “Hindenburg Omen,” and it has appeared specter-like before every major downturn since 1985. It’s most recent haunting: October 2008.

    Bespoke.com reporting:
    Know Your Indicators: Hindenburg Omen

    When last week’s market action triggered the so-called Hindenburg Omen, we initially refrained from commenting on it because valid or not, it is just not an indicator that we actively follow. Also, judging by the deluge of commentary we saw on the indicator, it appeared that there were many others out there who were much more knowledgeable on the subject. That being said, there is one aspect of this indicator that hasn’t been discussed that we think should be.

    Waiting to see if my barber starts talking about this Omen also. :)

     

  • 9:15 AM on August 13, 2010 Permalink
    Tags: Death Cross, Hindenburg Omen,   

    The Hindenburg Omen 

    The Death Cross is so passe – the new buzz is all about ‘The Hindenberg Omen‘

    The site Zero Hedge has called the HIndenberg Omen out.

    As a reminder, the 5 criteria of the Omen are as follows:

    - That the daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.
    - That the smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.
    -That the NYSE 10 Week moving average is rising.
    -That the McClellan Oscillator is negative on that same day.
    -That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs). This condition is absolutely mandatory.

    Today, all five conditions were satisfied. June 2008 was another such reconfirmed event, and as Barron’s pointed out then, “there’s a 25% probability of a full-blown stock-market crash in the next 120 days. Caveat emptor.” Boy was the emptor caveating within 120 days (especially if said emptor was named Dick Fuld). Which brings us to the present: should the Omen be reconfirmed within 36 days, all bets are off.

     

    • Dan 12:43 PM on August 13, 2010 Permalink | Log in to Reply

      funny, i just saw a column on this by the shark over at street.com. omg omg…

    • Pete 1:05 PM on August 13, 2010 Permalink | Log in to Reply

      Another Omen to watch? Arch Crawford Crawford sticks with ‘Cardinal Climax’

      • Pete 1:22 PM on August 13, 2010 Permalink | Log in to Reply

        Freaky Friday: Stocks Down Again, Arms Index Be Damned
        Art Cashin, director of floor operations at UBS, points out in his morning note today that underlying some of the sharp drops this week has been a spike in the Arms index, which measures the trading volume of advancing issues against the trading volume of declining issues. On Wednesday, when the market slid 2.5%, the Arms index hit 6.31, a figure that Cashin called “astounding” — and extremely rare, with only six higher readings in the past 28 years. (One of those, he notes, was the day of the 1987 crash.)

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