October 12, 2026

Money Flow Model Still Negative & Struggling

By Terence W. Brogan

Today we’re starting the week by reviewing the Money Flow Model, which still remains negative, though it does appear to be attempting to bottom and holding prior low support with a mild breakout above a…

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October 9, 2026

Narrow vs. Broad ~ Sell Tech & Buy Everything Else? ~ Sell Growth & Buy Value? ~ Sell Growth/Tech & Buy Value/Hard Assets?

By Terence W. Brogan

Broad versus Narrow has been the ultimate market arbitrage for a very long time, and it doesn’t look like that dynamic will change anytime soon. The question now is: which side of the trade are…

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October 8, 2026

Money Fow Model Negative ~ Volatility Going Higher

By Terence W. Brogan

Today we’re taking a closer look at our Money Flow Model, which continues to struggle to show any sustained positivity. Historically, when the model is negative — as it is now — it has been…

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October 7, 2026

Capital Flow to the USA ~ USA Continue to Outperform ~ Still Defensively Positioned

By Terence W. Brogan

Today we need to talk about the US Dollar, because it continues to rally as expected and its trends remain decisively positive. Several years ago, fellow second‑generation technician Steve Suttermier published an excellent analysis showing…

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October 6, 2026

The Deflationary Crisis ~ Clock is Ticking

By Terence W. Brogan

As the saying goes, “the cure for higher prices is higher prices.” That same principle can be superimposed on today’s biggest problem — inflation. So let’s restate it: “The cure for higher inflation is higher…

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October 5, 2026

Money Flow Model ~ Still Negative & Struggling

By Terence W. Brogan

Today we’re starting the week by reviewing the Money Flow Model, which remains negative, though it does appear to be attempting to bottom and holding prior low support. The intermediate‑term moving‑average slope is flattening —…

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October 2, 2026

Cyclicals Breaking Out Versus Non-Cyclicals

By Terence W. Brogan

Yesterday was a big day for our Cyclical Index versus our Non‑Cyclicals, with a +1% outperformance rally in Large Caps, +1.6% in Mid-Caps, and +2% in Small Caps. This type of market action makes you…

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October 1, 2026

Money Flow Model Negative & Semi’s Still Newly Bullish

By Terence W. Brogan

Last Thursday we spoke about the linear world we’re in, with interest rates breaking out to levels we haven’t seen in 20 years. As we’ve been discussing for six months—ever since our Money Flow Model…

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September 30, 2026

Bond Yields Overbought ~ Bond Price Oversold ~ Key Reversal Set Up

By Terence W. Brogan

Today we’re focusing on the bond market, because what we expected to happen — a yield breakout confirmed by our Money Flow Analysis — has now occurred. At this point, the setup is getting interesting:…

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September 29, 2026

Money Flow Breadth Negative & Cyclicals @ Support

By Terence W. Brogan

Our Money Flow Model remains deeply negative and is now at a level where we typically see accumulation begin and buyers step in to support the market. As we noted yesterday, this is the phase…

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