Hindenburg Omens Flashing Major Warning Signal for the Stock Market financialsene.com 08/17/2017
Today's chart comes from Jason Goepfert at SentimentTrader.com. Last month, Jason told FS Insider that sentiment readings were reaching extremes, even surpassing 2000 tech bubble-levels of euphoria, which was a "very troubling sign" for the stock market (see Rydex Trader Bullishness Surpasses 2000 Tech Bubble).
This most recent data looks at the total number of Hindenburg omens for the S&P 500, Nasdaq, Dow Jones Industrial Average, and the Russell 2000. In sum, "we're seeing a market that is split between winners and losers to a degree rarely seen in history," Jason wrote in yesterday's Sentiment Report.
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