All Reports:

Technology futures are under pressure as Alphabet’s disappointing results and mounting AI costs challenge the assumption that massive capital spending will automatically produce massive profits. Alphabet’s shares fell roughly 10% premarket, while Microsoft advanced on…

Goldman Sachs warns that record Nasdaq positioning could leave the market vulnerable to meaningful futures selling as mega-cap earnings arrive. The risk is asymmetric: the upside requires near-perfect results, while one major disappointment could trigger…

Today, we are reiterating the defensive positioning of our Money Flow Model (first highlighted on February 2nd and March 31st), as we are now recording Relative Performance Ratio 208 MACD (100-Day ROC) and 416 MACD…

France’s 10-year government bond yield has reportedly broken above 5%, with its yield premium over Germany approaching levels last seen during the 2011 eurozone crisis. Soaring debt, persistent deficits and political paralysis are undermining investor…

Today we’re going to keep it very simple. We are going to focus on the important simple moving averages that everyone follows, which often become a self-fulfilling prophecy. Below, we show the SOXX versus its…

Today we’re starting the week by reviewing the Money Flow Model, which still remains negative. However, when we look at the model’s first derivative, it does appear to be attempting to bottom — holding prior‑low…

The AI bubble debate is shifting from expensive valuations to a more serious concern: financing risk. Can future AI profits justify the enormous spending, borrowing, and debt required to build the industry? Meta’s rising credit…

Since our Money Flow Model turned Negative, we have been advocating the Value rotation as a defensive strategy because inflation remains in a bull market, as evidenced by bullish oil prices. The Value style has…

Markets are moving beyond the AI narrative and demanding real earnings to justify enormous investments. That shift, combined with deteriorating credit, weakening technology stocks and renewed oil-driven inflation fears, creates a potentially dangerous combination for…

Today, we are going to examine inflation and the two keystones of the market: oil and yields. Jordi Visser of 22V has caught my attention over the past six months because of his expertise in…

Nasdaq’s resilience is becoming increasingly difficult to reconcile with deteriorating market conditions. A narrow group of mega-cap technology stocks continues to support the index, while credit concerns, rising borrowing costs and questions surrounding AI profitability…

Today, we want to turn yesterday’s report upside down and examine Low Momentum versus High Momentum, Low Volatility versus High Beta, and Non-Cyclicals versus Cyclicals. Let’s start by explaining what we can infer from the…

The market’s rebound masks a troubling disconnect. Despite heavy technology selling, reduced hedge fund exposure, widening credit spreads, and mounting sovereign debt concerns, the Nasdaq 100 continues to hold within its trading range. But price…

Last night, the MTA (Market Technicians Association) in Boston hosted the one and only Jeff deGraaf, and today’s report is a hat tip to Jeff and his outstanding presentation. He spoke about what he knows…

The Brogan Group Equity Research sees three growing warnings for the AI trade: higher borrowing costs, mounting credit concerns and uncertain profitability. Higher yields: Rising borrowing costs threaten the economics of the massive AI buildout….