All Reports:

December 15, 2025

Gold futures continue to confirm a structurally bullish regime

By Bob Brogan

Gold futures continue to confirm a structurally bullish regime, as reflected in the attached chart, with price holding firmly near 4,380 after another push higher and remaining embedded along the upper ATR band. The advance…

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December 15, 2025

Money Flow Model Positive ~ Cyclicals Producing Alpha ~ Will They Breakout?

By Terence W. Brogan

Will the markets continue to broaden and Cyclicals outperform? What we can see from the first chart, our Money Flow Model is positive, and conditions are in place for that to happen. The prior two…

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December 13, 2025

Bob Brogan, CMT — Market View — Thursday, December 4, 2025

By Bob Brogan

Over the past 30 years of increasingly experimental monetary policy—from Japan’s zero rates and early QE to the Fed’s post-2008 balance-sheet expansion—central banks have deployed more than $12 trillion to create durable growth. Instead of…

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December 12, 2025

Buy Value/Hard/Cyclical Assets Interest Rate Going Higher

By Terence W. Brogan

November 21st was our last report on yields where we reported a momentum reversal Buy Signal on the 10 Yr T-Note Yield. Today we are going to reiterate that report as the Money Flows on…

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December 12, 2025

Owning physical gold has become essential in a world

By Bob Brogan

Owning physical gold has become essential in a world defined by extreme public debt, financial repression, and rising geopolitical fragmentation. Policymakers no longer view private wealth and public liabilities as separate; they increasingly see the…

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December 11, 2025

Merry Christmas and Happy New Year — and please, with care, pass me my trusty gun!

By Bob Brogan

Yes sir, it’s that time of year again, but here’s a little secret: Santa’s carrying a very big grudge this season, so don’t rub him the wrong way—more paperwork, more quotas, more dollars for the…

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December 11, 2025

All Cyclicals Recording Momentum Reversal Buy Signals

By Terence W. Brogan

As all readers of this report know, we love economically sensitive equities when our Money Flow Model is positive because liquidity, as we measure it is expanding. We then turn to the traditional Relative Performance…

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December 10, 2025

Equities Stretched, Dollar Stabilizing, Gold Leading: Today’s Key Signals

By Bob Brogan

The DJI Mini Futures sit pressed against the upper ATR band, a zone that has repeatedly capped prior advances and produced meaningful retracements back toward the lower volatility boundary. The confluence of stretched price relative…

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December 10, 2025

Bitcoin Money Flow Sell Signal

By Terence W. Brogan

On December 15, 2017, Bitcoin futures started trading live on the CME and it was on that date that we started recording the cumulative Money Flows on a transparent and regulated marketplace. We then had…

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December 10, 2025

Why the U.S. Dollar Remains Irreplaceable

By Bob Brogan

The Mohs–Purvis paper re-articulates the long-standing structural pillars of U.S. Dollar dominance and reminds readers that, despite periodic “de-dollarization” narratives, nothing in the global monetary system has emerged as a credible substitute. Their argument centers…

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December 10, 2025

US Dollar Cyclical Bull Market Showing Weakness

By Terence W. Brogan

Since 2009 we have seen the US Dollar rise in a Bull Market and during that period we have seen allot of global money flock to the USA. During this period, we have seen the…

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December 9, 2025

Growth Sell Signal Generated & Value Buy Signal Generated

By Terence W. Brogan

We have been Bullish on Value since July 21st when our Money Flow Model turned positive, expecting a broad-based economic expansion rally phase to hit the marketplace. Well, that did not transpire and instead we…

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December 9, 2025

What is to be expected in 2026?

By Bob Brogan

The U.S. market enters December under visible strain as economic momentum weakens against still-stretched valuations. Manufacturing has contracted for nine straight months, consumer sentiment is near historic lows, and labor-market softness is accelerating—ADP showing a…

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December 5, 2025

Cyclicals Outperforming vs. Non-Cyclicals ~ Positive Trend ~ Bull Market

By Terence W. Brogan

Last time we looked at Relative Performance & Relative Performance Money Flow of Cyclicals versus Non-Cyclicals was September 27th , we have been Bullish Cyclicals since our Money Flow Model turned positive July 21st, and…

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