February 26, 2026

High Beta ~ Money Flows Negative & Low Volatility ~ Money Flows Positive

By Terence W. Brogan

On Monday we showed the Relative Performance Sell Signal for High Momentum and High Beta and Buy Signals for Low Momentum and Low Beta. Today we are showing the High Frequency Money Flow Breadth of…

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February 25, 2026

Credit Spreads Teetering on The Edge of Widening ~ Sell High Yield Bonds

By Terence W. Brogan

Yesterday we spoke about selling good charts (positive momentum) which is another name for selling positive trends. Today we are looking at the best chart in the Bond market and that is the Risk-On chart…

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February 24, 2026

Momentum & Beta Factor Inversion

By Terence W. Brogan

Yesterday Jeff DeGraff came out on CNBC and talked about how Momentum is overbought/extended and it is time to Sell good charts in Technology. He also spoke about how momentum models can become negative correlated…

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February 23, 2026

Money Flow Model Still Negative ~ Recommend Defensive Assets

By Terence W. Brogan

As you can see from the charts below, we are still hiding in our bunker because it is a major blizzard outside! Our Risk-On/Risk-Off Money Flow Model turned negative Feb 2nd, and we moved from…

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February 20, 2026

Private Equity on Fire!

By Terence W. Brogan

An old client of ours back in 2005 when he ran his hedge fund in Boston, George Noble, published a big, bad, bear tweet on the private equity market yesterday which I am showing in…

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February 19, 2026

Technology Sector ~ Major Bearish/ Negative Divergence/ Sell Signal Triggered

By Terence W. Brogan

Today’s report is not going to come to a surprise to most readers given the crash in software that we saw over the past several weeks. However, what we are showing today tells us that…

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February 18, 2026

Concentration vs. Dispersion

By Terence W. Brogan

Sometime jargon can be very confusing, and some basic logic can help make a big, complicated picture allot smaller and easier to understand. I feel this way with all this talk about the term market…

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February 17, 2026

Money Flow Model Still Negative

By Terence W. Brogan

On Groundhog Day February 2, 2000, my father brought our Money Flow Model public by calling the top on the stock market due to the money flows turning negative, the market topped March 10, 2000….

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February 13, 2026

VIX Reversed Hard ~ Continue to Rotate Into Low Beta/Non-Cyclicals

By Terence W. Brogan

Last Thursday we showed the Inverted VIX in a negative trend, Monday we showed the VIX clearly in a positive trend and then Wednesday we showed the VIX at the trendline/200-day moving average Pivot Point….

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February 12, 2026

Earning Revisions Stalling ~ Negative Divergence

By Terence W. Brogan

The Brogan’s are big fans of the Earning Revisions factor; my father was introduced to Earning Revisions and Earnings Surprise by his former partner Marc Chaikin in the early 80’s who learned of this very…

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