All Reports:

Today we’re looking at the Money Flow Model, which remains deeply negative even as the market is back to all‑time highs. This divergence between weak broad‑based buying pressure/closing power and rising market prices continues to…

On August 11th, we published a report highlighting how the equity market, when denominated in Energy, is in a negative trend. Two days ago, we followed that with a Money Flow Buy Signal for the…

We believe Artificial Intelligence will transform the global economy. But the technology can succeed while the AI trade fails. Trillions are being committed to chips, data centers, power and AI infrastructure before the ultimate returns…

“The S&P 500 is still sending a bullish headline signal, but the internal message is becoming increasingly cautious. Leadership is narrowing, momentum is fracturing, and the stocks carrying the market are becoming less reliable. The…

Today we’re highlighting interest rates again, as they remain the lynchpin on the front page. Yields continue to show money‑flow breakouts and rising momentum, with rates holding a positive trend above the 50‑day moving average….

Looks like Scott Bessent is at it again, QE5 and nobody explains the effect of QE better than Tom McClellan. Unfortunately, historically QE’s have had the opposite effect on interest rates and Scott thinks the…

Weak jobless claims would initially be bullish as investors price in greater odds of Fed easing. But our chart is sending a different warning: the S&P 500 remains near record highs while our SELL signals…

If Thursday’s “Employment Report” is materially weaker than expected, the initial market reaction could be bullish, but the second reaction could be very bearish. A weak report could immediately push Treasury yields and the dollar…

Two very important charts to highlight today: interest rates are breaking out to new multi‑year highs (last seen in ’07), and money‑flow breadth across the large‑, mid‑, and small‑cap markets is not confirming the market’s…

Equities are making fresh highs, but beneath the surface, risk is rising. Volatility is unusually cheap, investors remain under-positioned, and short-gamma dealers could fuel another powerful leg higher. The chase may not be over, but…

Today we’re looking at the Money Flow Model, which remains deeply negative even as the market is back to all‑time highs. This divergence between weak broad‑based buying pressure/closing power and rising market prices continues to…

Today, I am rolling out one of my favorite indicators, bestowed upon us by the creator of the Directional Movement Indicator (DMI), including the +DI (Positive Directional Indicator) and −DI (Negative Directional Indicator): J. Welles…

I believe in Occam’s Razor and the KISS method, because keeping things simple is often the best way to understand the world around us. Today we’re going to take a straightforward look at the Cost…

Three Wall Street trading desks have given similar descriptions of what they see playing out in August: investors are selectively chasing gains without any real conviction, while the key issue remains the growing disconnect between…

Today we’re highlighting some of our favorite Non‑Cyclical charts — Utilities, Staples, and Healthcare — across Large Cap, Mid Cap, and Small Cap indices. All three continue to show rising Money Flow momentum in their…