Complacency is re-emerging as equities press toward highs, but the internal tone is beginning to deteriorate. Today’s shooting star, coupled with weakening breadth, suggests supply is quietly building beneath the surface. Nothing has technically broken…

Three consecutive weeks of hedge fund net selling into record highs, while passive inflows continue to chase ETFs, is an inherently fragile market structure. Goldman’s prime brokerage data confirms real-time institutional distribution, aligning with what…

The message from markets is getting harder to ignore. Inflation isn’t easing—it’s reaccelerating. Oil is back above $120, wheat is surging, and long-term inflation expectations are pushing to new highs. This is not a transitory…

Our Triple-Smoothed TRIX continues to roll over, reinforcing the view that equity market momentum is deteriorating beneath the surface. While price levels remain elevated, the internal structure of the market is weakening, a classic late-stage…

Recent price action continues to mask a subtle but important deterioration in underlying market internals. While major indices remain near highs, momentum and money flow measures have begun to roll over, signaling a loss of…

Treasury Secretary Scott Bessent stated today that the U.S. naval blockade is crippling Iran’s oil industry, describing IRGC leadership as trapped in a desperate situation.Bessent predicts an imminent collapse of Iranian oil pumping as production…

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…