A pair of ominous patterns are forming in the Nasdaq benchmarks, which could signal that a stock-market climb, fueled by a hoped-for tariff detente between the U.S. and China, may be starting to unwind—or at least stall out.
If you made fun of the silly names in July, then you're in Twitter jail and ya need to check yo' self.https://t.co/1XpM4fzVSG pic.twitter.com/26bMeDDEyj Separately, the spooky sounding Titanic Syndrome was coined by Bill Ohama in 1965, and is viewed as a “preliminary sell signal.” Prominent chart specialist Tom McClellan has told MarketWatch in the past that when lows surpass highs, within seven trading days of a one-year peak for an index, an Ohama Titanic Syndrome signal is triggered.
Back in July, the technology-laden index registered six combined Hindenburg and Titanic warning signals over the past seven sessions, before markets skidded lower for the next several months until recent weeks.
Isn't it time for you to go to bed! You kids are up way past your bedtime...
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Source: Reuters - 🏆 2. / 97 Read more »