Trouble is brewing underneath the stock market as last week saw the 3rd largest cluster of Hindenburg and Titanic warnings since 2009.

Every day last week triggered a Hindenburg or Titanic technical warning signal. Similar clusters preceded consistent weakness across stocks, good for volatility. — Jason Goepfert

Hindenburg Omen – periods of weakening breadth during rising markets, with many 52-week highs and lows

Titanic Syndrome – a recent 52-week high in stocks followed by a day with more stocks at 52-week lows than highs

Hindenburgs & Titanics
September 10 (King World News) – Here is a portion of today’s note from Jason Goepfert at SentimenTrader:  Don’t laugh. That seems to the be necessary introduction every time we take a look at the technical warning signs unfortunately called the Hindenburg Omen and Titanic Syndrome. Driven by hyped-up marketing names and scorn by sanctimonious (and hypocritical) fundamental analysts, the signals tend to generate a lot of attention when they fail…

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And like everything else, they do fail. Just not as often as most (including favored fundamental indicators). This is a worry now because last week, the NYSE generated either a Hindenburg or Titanic warning sign. Every single day.

The exchange generated a total of 6 combined warning signs for the week. That’s tied for the 3rd-heaviest cluster of warnings since stocks bottomed in 2009.

Last week triggered the 3rd- most warning signs since stocks bottomed in 2009

King World News note:  There is more to this special report but it is reserved for subscribers of SentimenTrader.  To subscribe or try a free 2 week trial to the internationally acclaimed work that Jason Goepfert produces at SentimenTrader CLICK HERE.

***KWN has now released the fascinating audio interview with Dr. Stephen Leeb and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

ALSO JUST RELEASED: A Legend Kicks Off The Trading Week CLICK HERE TO READ.

***KWN has also released the timely and powerful audio interview with legend Pierre Lassonde and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

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