The "Hindenburg Omen," an obscure indicator that pops up every few years and gets Wall Street traders chattering about a possible market crash, was triggered this week.

To be sure, the Hindenburg has missed the mark more times than it's been correct, but some analysts are concerned that the omen, when paired with other indicators flashing sell right now, could portend that at least a pullback is ahead this time. Thursday's session saw the Hindenburg signal trigger at both the New York Stock Exchange and the Nasdaq, marking just the 10th time that's ever happened, according to Roberto Friedlander, head of energy trading at Seaport Global.

On Thursday, the number of stocks hitting either week highs and lows on both exchanges totaled more than 2. He added that the McClellan oscillator was negative for both the NYSE and the Nasdaq on Thursday. The indicator has successfully predicted a meaningful pullback less than 30 percent of the time, according to The Wall Street Journal.

7 ways to identify an imminent market crash - MarketWatch

It did, however, foreshadow a market crash in and during the financial crisis. But Chris Kimble, founder of Kimble Charting Solutions, said there are also signs of deterioration in other parts of the market. Check out this chart of the KBW Nasdaq Bank Index:. Banks have been some of the best performers since the November, as President Donald Trump's election brought hope to investors that key regulations — namely Dodd-Frank — would be scrapped or lessened.

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Questionable crash indicator 'Hindenburg Omen' was triggered this week The "Hindenburg Omen" correctly called stock market crashes in and , but has only been correct at predicting plunges about 30 percent of the time.

The signal is still watched by traders and chart analysts for indicating signs of weakness ahead, but not necessarily a crash. Sam Shere Getty Images. The Hindenburg disaster at Lakehurst, N. Hindenburg Omen not bunk: Is a market crash on the way?

Friday, 16 Aug 1: Fred Imbert Markets Reporter.

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Stock market crash - Wikipedia

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