All Reports:

Today we’re reviewing the Relative Performance of our defensive, non‑cyclical equal‑weighted indices versus the S&P 500, as we are now recording countertrend Buy Signals across Large, Mid, and Small Caps. We allocate to defensive non‑cyclicals…

One of our greatest concerns continues to gain credibility: the U.S. equity market has become increasingly dependent upon the success of the Artificial Intelligence revolution. Since the current bull market began in late 2022, AI-related…

Today, for the first time ever, I’m taking a look at the Yen Carry Trade — prompted by a request from my older brother, Brian Brogan, CMT. I’ve always been curious about what it is,…

Signal Report Wednesday July 8, 2026 Over the past week there has been a noticeable increase in caution from several major Wall Street research groups. While very few are calling for an outright bear market…

Today we’re highlighting Money Flow Breadth across Large, Mid, and Small Caps, as well as the S&P 500 Cyclicals sectors (Financials, Industrials, Materials, Energy, Discretionary, and Technology). What stands out is that nearly all the…

Trump is a real-estate developer by trade and has always favored low interest rates. The rumor at the time was that he nominated Kevin Warsh because he believed Warsh would deliver lower rates. The fact…

Very few institutional investment managers make daily money flow analysis the centerpiece of their research process. While many firms monitor capital flows, only a handful have built their investment discipline around institutional accumulation and distribution….

Our view is that the U.S. economy appears to be entering the late stage of the credit cycle, with labor market deterioration becoming one of the most important warning signs. The U.S. appears to be…

Today, we are starting the week with an update on the Money Flow Model, which has remained in a non-cyclical, defensive position since turning negative on March 31st. As you can see from the first…

I humbly say, I first heard of Technology being referred to Long Duration Assets January 2022 when the stock market peaked with runaway inflation, steep rising interest rates and Technology getting sold into a bear…

Our daily research strongly suggests the Nasdaq-100 has entered the early stages of a major leadership transition. Our downside risk scenario calls for a 16-27% decline because AI spending, Earnings expectations and Institutional Positioning will…

Here is a brief list of those firms that stand out as the most bearish (or closest to it) which are: Research Firm Analyst / Strategist Previous View Current View Primary Reason Ned Davis Research…

This analysis points to one thing: higher interest rates driven by higher inflation. The current market structure looks a lot like 2022, when High Yield Bonds significantly outperformed Investment Grade Bonds while the stock market…

Today we’re taking a look at “Dr. Copper, with a PhD in Economics.” As you can see below, Copper has been on a positive cross / positive momentum / buy signal since June 25, and…

While the major market indices continue to project an image of stability, conditions beneath the surface are deteriorating rapidly. Technology, the undisputed leader of this bull market has endured a significant washout over the past…