What our model is now signaling in NDX futures is a subtle but important deterioration beneath the surface of still-elevated prices. The 17-day Money Flow Oscillator peaked at +0.58% on April 23 and has since…

The S&P 500 E-Mini Futures are trading at 7,173.25, up modestly 29.75 points (+0.42%) this morning. However, despite the early bounce, Brogan Analytics remains firmly in a sell signal triggered at 7,163.00, and the technical…

Many investors look at gold’s strong performance over the past two years and assume a near term reversion to the mean. We disagree. The evidence increasingly supports a secular trend, not a cyclical move. Gold’s…

AI Trade Showing Strain Since the launch of ChatGPT in late 2022, the AI trade has effectively been the market. A small group of AI-linked companies has driven the majority of gains, earnings growth, and…

Gold continues to transition from a cyclical inflation hedge into a structural asset tied to global financial stability. The underlying driver is no longer just CPI trends, but growing concern around sovereign debt sustainability—particularly in…

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…

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…

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…

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…