All Reports:

Three consecutive weeks of hedge fund net selling into record highs, while passive inflows continue to chase ETFs, is an inherently fragile market structure. Goldman’s prime brokerage data confirms real-time institutional distribution, aligning with what…

March 31st the Money Flow Model turned back into a negative position and is now deeply in that position. We are currently holding non-cyclical, defensive positions expecting stock market volatility to rise again in the…

The message from markets is getting harder to ignore. Inflation isn’t easing—it’s reaccelerating. Oil is back above $120, wheat is surging, and long-term inflation expectations are pushing to new highs. This is not a transitory…

Today’s report on the US Dollar will challenge the traditional historical view of the US Dollar that is a rising USD is Deflationary, and a declining USD is Inflationary. The reason is the correlation looks…

Our Triple-Smoothed TRIX continues to roll over, reinforcing the view that equity market momentum is deteriorating beneath the surface. While price levels remain elevated, the internal structure of the market is weakening, a classic late-stage…

Last Friday we did a bullish report on Commodities and a call for higher inflation and higher cost of capital. Today we are going to reiterate that report and to throw another chart into the…

Yesterday we saw a big reversal in the relative performance ratio of the Low Volatility, Non-Cyclical equities versus High Beta, Cyclcial Equities. This triggered a fast relative performance ratio momentum reversal Buy Signals for these…

Recent price action continues to mask a subtle but important deterioration in underlying market internals. While major indices remain near highs, momentum and money flow measures have begun to roll over, signaling a loss of…

Treasury Secretary Scott Bessent stated today that the U.S. naval blockade is crippling Iran’s oil industry, describing IRGC leadership as trapped in a desperate situation.Bessent predicts an imminent collapse of Iranian oil pumping as production…

Yesterday we showed our Low Frequency Money Flow Model still in a negative position, today we are going to get more sensitive and look at the High Frequency Money Flow Breadth. As we noted last…

What our model is now signaling in NDX futures is a subtle but important deterioration beneath the surface of still-elevated prices. The 17-day Money Flow Oscillator peaked at +0.58% on April 23 and has since…

To start the week, we want to update everyone on the Money Flow Model as it is still negative. It last changed back to a negative position March 31st and even with this record-breaking rally…

The S&P 500 E-Mini Futures are trading at 7,173.25, up modestly 29.75 points (+0.42%) this morning. However, despite the early bounce, Brogan Analytics remains firmly in a sell signal triggered at 7,163.00, and the technical…

The two major trades are AI (Everything is Awesome!) & Energy/Commodities/Inflation (Everything is NOT Awesome!). The AI trade has gone ballistic beyond reality, now it’s time to switch gears and get back to reality with…

Many investors look at gold’s strong performance over the past two years and assume a near term reversion to the mean. We disagree. The evidence increasingly supports a secular trend, not a cyclical move. Gold’s…