The Hindenburg Five

The stock market “rebalancing” is a polite way to put it. Energy and health care are getting a healthy boost. But tech hardware and software makers are still getting dressed down and have been asked to report to the principal’s office.

The great rotation underway has triggered a series of “Hindenburg Omens.” Five have occurred in recent weeks:

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The stock market has now had a cluster of five Hindenburg Omens in recent weeks. (Source: SubuTrade)

A Hindenburg Omen triggers when the market is in an uptrend but shows deep internal division — specifically, when a high number of stocks simultaneously hit 52-week highs and lows.

As the name implies, a cluster of Hindenburgs is not a good sign. Typically, after five, you can expect either a selloff or an extended absence of new highs.

For now, the sideways grind that continues to impact tech and high-growth plays. Defensive stocks are catching a bid.

“Investors should be cautious going into March and April, which tend to be slow months for the market anyway,” notes Andrew Packer over at our Grey Swan Trading Fraternity. After three straight bull market years, this spring is making traders particularly nervous.

Andrew has positioned that Grey Swan trading portfolio with a “hedge” trade on a broad market drop. And, at the same time, is focusing on sectors that are on the receiving end of money leaving tech, most notably natural resources and energy.

(For details on the new AI-powered Grey Swan Indicator we debuted last month for entry and exit points on these trades, see: Trump’s State of the Union SHOCK. One trade in particular we’ve timed to President Trump’s State of the Union Address tomorrow, February 24 at 6 p.m.)

~ Addison

P.S. Grey Swan Live! this week takes us from space to hard assets in the vault! Live and on the scene in Willowbrook, Chicago.

Please join us while we visit with Wayde Milas inside the Rarcoa vault to check out the 2025 Eagle Privy Silver Eagle graded NGC MS70 from the first group of 50,000 pristine minted coins. Brand new sets will be available to attendees of the Zoom at a steeply discounted event price.

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The live Zoom event will air on Friday, February 27, 2026, at 2 p.m. EST/11 a.m. PST.

The great rotation underway has triggered a series of “Hindenburg Omens.” Five have occurred in recent weeks:

Turn Your Images On

The stock market has now had a cluster of five Hindenburg Omens in recent weeks. (Source: SubuTrade)

A Hindenburg Omen triggers when the market is in an uptrend but shows deep internal division — specifically, when a high number of stocks simultaneously hit 52-week highs and lows.

As the name implies, a cluster of Hindenburgs is not a good sign. Typically, after five, you can expect either a selloff or an extended absence of new highs.

For now, the sideways grind that continues to impact tech and high-growth plays. Defensive stocks are catching a bid.

~ Addison

P.S. Grey Swan Live! this week takes us from space to hard assets in the vault! Live and on the scene in Willowbrook, Chicago.

Turn Your Images On

The live Zoom event will air on Friday, February 27, 2026, at 2 p.m. EST/11 a.m. PST.

With the United States conducting what the Pentagon politely calls an “operation” against Iranian military infrastructure, markets have had every reason to be panicky. Instead, the past week delivered something subtler…

Gold has been consolidating after a powerful multiyear rally. Yet with America’s gold reserves equal to only about 3% of federal debt, the metal could still have significant upside ahead.

The Federal Reserve can print money, but it can’t print oil. As energy prices surge and supply disruptions loom, the central bank may find itself with limited tools to fight inflation driven by real-world shortages.

The plan to release 172 million barrels from the Strategic Petroleum Reserve would leave the U.S. with its smallest stockpile of emergency oil in more than four decades. And with tensions simmering globally, the shrinking reserve raises uncomfortable questions about how prepared the U.S. is for the next supply disruption…

Gold has been consolidating after a powerful multiyear rally. Yet with America’s gold reserves equal to only about 3% of federal debt, the metal could still have significant upside ahead.