For one thing, there has been a cluster of “Hindenburg Omens” and “Titanic Syndromes” recently. Both are indicative of a growing lack of trend uniformity and weakening market internals. A brief explanation: the Hindenburg Omen is a sell signal that occurs when new highs and new lows each exceed 2.8% of advances plus declines on the same day. The Titanic Syndrome is triggered when 52-week lows outnumber 52-week highs within seven days of an all-time high in the index concerned.
