All Reports:

But something important just changed. The U.S. government has formally classified gold as a sanctionable strategic asset class, alongside crypto and jet fuel. That is not a small development, and it is not random. Iran…

Last Friday we showed that the stock market is in a bear market when denominated in Gold. Today we are expanding that analysis by examining the S&P 500 versus the S&P GSCI (Goldman Sachs Commodity…

As Marty Zweig famously stated, “Don’t fight the Fed.” Today, it’s: don’t fight Soros’s alumni. Last night, the Druckenmiller Op‑Ed dropped in the Wall Street Journal, and the “family fight” has now become a full‑on…

Monday’s session reinforced the message. The S&P 500 slipped 0.28% to 7,652.86, while the Nasdaq Composite fell 0.76%, led lower by continued weakness in technology and semiconductor stocks. The Dow managed a 0.26% gain, highlighting…

The market’s technical picture changed materially over the past five trading days. As of Friday’s close, 13 of the 30 Mega-Cap Technology stocks—43%—had Daily Money Flow scores below the 50% breakeven level, the weakest reading…

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…