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Daily Report : Hindenburg Omen Reappears in Nasdaq

by Sentimentrader
2026-02-03
The Nasdaq's clustered Hindenburg Omen signals warn of elevated 3-6 month downside risks for the index and Russell 2000, aligning with macro divergencesurging investors to prioritize risk control and refined stock selection.
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Headlines

Hindenburg Omen Reappears in Nasdaq: The Nasdaq's clustered Hindenburg Omen signals warn of elevated 3-6 month downside risks for the index and Russell 2000, aligning with macro divergencesurging investors to prioritize risk control and refined stock selection.

Smart / Dumb Money Confidence

Smart Money Confidence: 38% Dumb Money Confidence: 71%

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Research

Hindenburg Omen Reappears in Nasdaq

By by Sentimentrader

BOTTOM LINE
The Nasdaq's clustered Hindenburg Omen signals warn of elevated 3-6 month downside risks for the index and Russell 2000, aligning with macro divergencesurging investors to prioritize risk control and refined stock selection.

FORECAST / TIMEFRAME
None

Sentiment Risk On / Risk Off Overview

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Indicators at Extremes

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% Showing Pessimism: 9%
Bullish for Stocks
Inverse ETF Volume
Rydex Bearish Flow
OEX Open Interest Ratio
Mutual Fund Flow (no ETFs)
CSFB Fear Barometer
% Showing Optimism: 37%
Bearish for Stocks
Smart Money / Dumb Money Confidence Spread
VIX Term Structure
Dumb Money Confidence
Intermediate Term Optimism Index (Optix)
% Showing Excess Optimism
S&P 500 Down Pressure
Rydex Ratio
Rydex Money Market %
S&P 500 Price Oscillator
Retail Money Market Ratio
ISE Equity Call/Put Ratio
SKEW Index
AAII Allocation - Stocks
LOBO Put/Call Ratio
Options Speculation Index
NAAIM Exposure Index
AIM (Advisor and Investor Model)
Equity / Money Market Asset Ratio
NYSE Available Cash
Mutual Fund Cash Level

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Optimism Index Thumbnails

Sector ETF's - 10-Day Moving Average
Country ETF's - 10-Day Moving Average
Bond ETF's - 10-Day Moving Average
Currency ETF's - 5-Day Moving Average
Commodity ETF's - 5-Day Moving Average
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