The Nasdaq Composite triggered the Hindenburg omen 11 times in a single month for the first time ever, a bearish signal that adds to a growing list of market worries. The omen flashes when an unusually high number of stocks simultaneously hit new 52-week highs and lows, suggesting investors are crowding into a few winners while abandoning many losers. Bluekurtic Market Insights noted that eight past triggers preceded major pullbacks, though the indicator has been useless in this bull market. Other red flags include the Philadelphia Semiconductor Index falling 16% from mid-June highs, the 30-year Treasury yield closing above 5% for the first time in nearly a month, and South Korea's Kospi index entering a bear market. StockBrokers.com strategist Jessica Inskip expects a sideways, consolidating market rather than a correction, barring a catalyst like astronomical earnings.