AS WE START A NEW DAY ON WALL STREET …. MAY THE INVESTMENT GOD’S BE WITH YOU ………          

Two weeks ago a cluster of the infamous Hindenburg Omen was forming. Since then stocks have suffered their biggest drop in 3 months…

However, the Hindenberg Omen is not exactly flawless and has false-alerted a number of times in the last few years.
Which is why, John Hussman has adapted the signals and is now warning of a very significant convergence of the ‘Hindenberg Omen.

On Tuesday November 14, the number of NYSE stocks setting new 52-week lows surged above the number of stocks setting new highs, with both figures representing more than 3% of total issues traded. This “leadership reversal” joins the deterioration in our own measures of market internals last week, as well as ongoing dispersion in market breadth and participation. highs, with both figures representing more than 3% of total issues traded.  As noted this couples a “Hindenburg” with a “Titanic,” and it is actually the first time since July 2007 that we’ve seen this particular combination of internal deterioration’ with the ‘Titanic Syndrome’…