The U.S. Dollar & Physical Gold The most likely resolution is not a single event, but a combination of forces that gradually rebalance the system. First, interest rates will do part of the work. Higher…

Over the past two months we have seen more volatility in our Money Flow Model than we have ever seen in 32-year history of the data series. The Model turned Bearish April 2nd and then…

Our Money Flow Model turned Bearish March 31st moving us back to a defensive, non-cyclical position and will be in that position until our model turns positive again. Today we want to look at our…

U.S. equities are showing growing internal strain beneath the surface strength. While the “Mag 7” continue to push indices higher, market breadth has deteriorated sharply. The ratio of advancing to declining stocks on up days…

Below are charts of the % S&P500 Stocks with Short Interest greater than 10 million and less than 10 million shares borrowed (inverted). I saw a chart of IGV on X with short interest at…

Today we are showing the Money Flow Model again because we cannot ignore the significant negative divergence (model lower highs as market makes higher highs). Our Money Flow Model is a measure of the closing…

Right now the market is basically caught between two possible paths. One path is the bad outcome where things get worse again especially with global tensions. The other path is the good outcome where things…

The U.S. naval blockade of Iranian ports in the Strait of Hormuz, initiated at 10:00 a.m. ET yesterday, appears to remain in force as of this morning, with no indication of de-escalation overnight. This marks…

Today we want to look at the relative performance ratio of our Cyclicals Index versus our Non-Cyclcial index as we continue to record counter-trend divergence that we believe will lead to a regression to the…

China continues to aggressively accumulate gold rather than settle obligations, extending its central bank buying streak to roughly 17 consecutive months, signaling an ongoing structural shift in reserve strategy. While official holdings are reported at…

Today we wanted to show our Money Flow Model as it is still negative, turning negative March 31st. Since the turning back to a negative position, we are now back in our Non-Cyclcial, Defensive, Low…

Today we are going to look at the Traditional Relative Performance Ratio of the All-Cap Cyclicals versus All-Cap Non-Cyclicals equal weighted as well as our cumulative money flows and momentum on these equites. What we…

The ceasefire trade is already breaking down. Markets that priced a clean de-escalation are now confronting a fragile truce, ongoing Strait of Hormuz disruption, and rising doubts that this conflict is contained. Oil is no…

Today we are going to look at our High Frequency Money Flow Breadth on the most liquid stocks in the world as seen by the large and mega cap stocks equally weighted. What we can…

The Fed lacks conviction to either tighten or ease, creating an unstable backdrop that argues against any sustained directional move in equities near term. Two-sided risks remain central. Inflation—particularly from energy—could force renewed tightening, while…