Why stocks have climbed even after the appearance of three Hindenburg Omens - MarketWatch## Mark Hulbert# Why stocks have climbed even after the appearance of three Hindenburg Omens## The dreaded bear- market predictor isn't so ominous, after allPublished: Feb. 10, 2026 at 8:17 a.m. ETShareResize---Listen(4 min)The "Hindenburg Omen,†a stock-market indicator named after the 1937 airship disaster, supposedly can foretell an imminent market crash. Photo: Getty ImagesThe third Hindenburg Omen in six trading ses ...

Joseph AdinolfiJoseph Adinolfi is a markets reporter at MarketWatch. ...

The “Hindenburg Omen” has been spotted in the U.S. stock market. - AFP via Getty Images The U.S. stock market sent an ominous signal this week that could indicate more pain ahead for investors despite Friday’s strong stock-market rebound. Stocks trading on the New York Stock Exchange issued the third “Hindenburg Omen” over the past six days on Thursday, according to Tom McClellan, editor of the McClellan Market Report. Most Read from MarketWatch This follows a cluster of similar signals seen in early ...

Core Insights - The 2025 market is experiencing a bull run despite significant challenges, including the longest government shutdown in US history and uncertainty surrounding President Trump's "Liberation Tariffs" [2][3] - Major tech stocks, referred to as the "Mag 7" (Microsoft, Nvidia, Amazon, Alphabet, and Apple), have been the primary drivers of market performance, benefiting from AI-related hype [4] - A concerning trend has emerged with a significant divergence between these mega-cap stocks and the broader market, indicated by a high percentage of S&P 500 stocks hitting 52-week lows [5] Market Conditions - The market has shown resilience in 2025, but signs of potential pullback are becoming evident, suggesting that a substantial correction may be on the horizon [3] - The S&P 500 Index recently recorded the highest percentage of stocks at 52-week lows, highlighting the deteriorating market breadth [5] - The "Hindenburg Omen," a market signal indicating potential pullbacks, was triggered last week, suggesting increased risk for the market [6] Hindenburg Omen Details - The Hindenburg Omen is characterized by several criteria, including new highs and lows exceeding 2.2% of the index, negative breadth, an uptrend in the market, and new highs not being double the number of new lows [6] - Historical data shows that after the last 30 occurrences of the Hindenburg Omen, the market was only higher two months later 17% of the time, indicating a bearish outlook [6]

Market Overview - The 2025 bull market is ongoing, but signs of potential pullbacks are emerging due to various underlying issues [1][2] - The US government is currently facing its longest shutdown in history, contributing to market uncertainty [1] Market Breadth and Performance - The market has shown resilience, primarily driven by mega-cap stocks like Microsoft, Nvidia, Amazon, Alphabet, and Apple, which have benefited from AI hype [3] - A significant bifurcation is noted, with the S&P 500 Index recording the highest percentage of stocks at 52-week lows, indicating deteriorating market breadth [3][5] Hindenburg Omen - The S&P 500 Index has triggered a "Hindenburg Omen," a signal indicating potential market pullbacks or crashes due to extreme market fragmentation [7][8] - Historical data shows that after the last 30 triggers of the Hindenburg Omen, the market was higher two months later only 17% of the time [8] Fibonacci Extension - The S&P 500 Index has reached the 261.8% Fibonacci extension from the 2022 bear market, suggesting a potential pause or reversal in the market [10]