• 287 days Will The ECB Continue To Hike Rates?
  • 288 days Forbes: Aramco Remains Largest Company In The Middle East
  • 289 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 689 days Could Crypto Overtake Traditional Investment?
  • 694 days Americans Still Quitting Jobs At Record Pace
  • 696 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 699 days Is The Dollar Too Strong?
  • 699 days Big Tech Disappoints Investors on Earnings Calls
  • 700 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 702 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 706 days Crypto Investors Won Big In 2021
  • 706 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 707 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 709 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 710 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 713 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 714 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 714 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 716 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

A Turning Point for Stocks, Gold and Oil?

This week could mark a turning point for markets. A top in stocks, and a low in gold and oil?

After a couple of less than stellar results, I've seen few reports of Hindenburg Omens. This short note is to update the outstanding Omens, a new Omen over the past three trading days, and to suggest that events of the next few days may add weight to the Omen signals.

If you are unfamiliar with the Hindenburg Omen, please read Bob McHugh's September essay: http://www.safehaven.com/article/35345/we-got-an-official-confirmed-hindenburg-omen-on-september-19th-2014

This is a busy week. A FED announcement, quadruple witching on Friday, and some solar events later in the week.

S&P500 Chart September 2014 - date Showing Hindenburg Omens
Larger Image

Notes:

  1. We are still under the shadow of the December and January Omens -- the effect can last 4-months,
  2. A new signal was generated this past Friday, Monday and Tuesday,
  3. There have been 38 instances of a Hindenburg Omen since 1987. The grouping of 4 since September is unique,
  4. The FED announcement combined with quadruple witching can cause volatility,
  5. Friday's Super Moon (Perigee Moon) is occurring with the Vernal equinox, and a solar eclipse. These solar events can have an effect when markets are at a high stress level. These events may may have the opposite effect on gold and oil, and sparks an end to their slides,
  6. The S&P500 sits just above the 50dma and is only 3.5% above the 200dma

Don't forget where we are in the expanding triangle formation since 2000. My August 2011 missive was clearly premature, but the pattern remains despite an overthrow.

Dow Jones 1982 - 2015 with expanding triangle formation

 

Back to homepage

Leave a comment

Leave a comment