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September 01, 2020 1:41pm
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Another Omen warning

Mid-week market update: In case you missed it, the market recently flashed a Hindenburg Omen last week. The criteria for the Omen was succinctly explained by David Keller as:

  • The market is in an established uptrend;
  • A sharp expansion in both new highs and new lows, indicating indecision; and
  • A momentum break.

To be sure, Hindenburg Omens aren't bearish until we see a cluster of Omen signals within a short period. Since last week's Omen was a singular event, we should only treat it as a warning and not an actionable signal.
The full post can be found here.

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