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The third Hindenburg Omen in six trading sessions should have rattled stock-market investors — the threatening indicator has preceded some major selloffs. Instead, the S&P 500
SPX, the Dow Jones Industrial Average DJIA and the Nasdaq COMP all have gained ground since the omen most recently emerged last Thursday.
The Hindenburg Omen appears in a highly bifurcated market — one in which many stocks are hitting new 52-week highs while many others are at new lows. (This MarketWatch report details specific aspects of its calculations.)
