Hindenburg Omen Confirmed

Last week we received a second occurrence of the Hindenburg Omen. As I mentioned in my previous post a second occurrence of this indicator greatly increases the statistical significance of the indicator and the odds of a significant decline in stock prices.
We never rely on one indicator alone, but this event does deserve our attention, and considering we are entering the two traditionally worst performing months (September and October) for the stock market, we are paring back risk accordingly. Most of the indicators we watch are currently in neutral or negative territory which also leads us to a defensive position.

HINDENBURG OMEN