All Reports:

Last Friday was not only a Bearish shot across the bow but an actual shot that landed and it landed straight on the VIX! Last Friday the VIX experienced a Bearish Breakout of the 50-…

“Six of one, half dozen of the other” is what comes to mind when I look at the relative performance of defensive, low beta, low volatility, low Mo, non-cyclicals equities versus the S&P500. Simply stated,…

Today’s reversal may ultimately prove to be just another volatile session in an ongoing bull market. But investors would be making a mistake if they dismissed it outright. Markets rarely peak because of a single…

“Bear market signposts have risen to 70%, matching the average level seen at prior market peaks.” — Bank of America Before Friday’s selloff, investors were aggressively chasing upside, paying more for calls than puts—a classic…

Last Wednesday we brought in the % stocks in the different market caps that are making 20-day new highs to correlate with our Money Flow Breadth as both are recording blatant negative divergence versus price…

Today we want to update the Money Flow Model as it is still deeply negative, which is still forewarning of higher volatility. As we noted on Friday, we continue to own non-Cyclical, defensive positions which…

So just after last Friday’s bloodbath, Wall Street’s talking heads are already hard at work inventing a new explanation for the sell-off. We are now supposed to believe that last week’s decline was nothing more…

The first thought that comes to mind, “Even a Broken Watch is Correct Twice a Day!”. We have owned Non-Cyclical, Low Volatile, Low Beta, Low Momentum equities since March 31st (market bottom) when our Money…

Having spent decades in the investment business, I have learned that markets can ignore problems for far longer than most investors expect. What concerns me today is not simply the size of the national debt,…

Important News A former client of mine, Stanley Druckenmiller, has been described by many financial editors as one of the greatest macro investors of all time. His credentials are difficult to dismiss. Over a career…

Today we are going to look at the Money Flow Breadth on the markets in addition to the % stocks in the US Markets that are making new 20-day new highs. What we see is…

The case for reducing equity exposure is becoming increasingly compelling. The S&P 500 has advanced approximately 16% in just two months. Outside of recession recoveries, such rapid gains are extraordinarily rare. The last comparable episode…

We could not pass this one up, the S&P500 Financials Sector as seen by XLF is in a very clear Bollinger Pinch. Bollinger Pinch is a measurement of the Bollinger Band Width and a condition…

Wall Street continues pushing toward record highs, but the bond market is sending a very different message. Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Asset Management, recently discussed what he sees as…

Yesterday our Earning Revision Model turned positive after two months of negativity, turning negative March 23rd. As you can see from the 9-year performance since we have been tracking this model out of sample, this…