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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February 11, 2026

Inverted VIX @ Important Resistance & Volatility @ Important Support

By Terence W. Brogan

On Thursday we showed the Inverted VIX in a negative trend and on Monday we showed the VIX clearly in a positive trend. This continues to tell us that Volatility is still positioned to rise…

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February 10, 2026

Defense In Alpha Position

By Terence W. Brogan

Today we are going to show the Relative Performance Ratio and Rate of Change of our Defensive, Non-Cyclical positions we rotated into last Monday when our Money Flow Model turned Bearish. Historically, over the past…

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February 9, 2026

Volatility Rising Trend

By Terence W. Brogan

On Thursday we showed the Inverted VIX in a negative trend and today we are showing VIX clearly in a positive trend. This tells us that Volatility in the stock market is still positioned to…

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February 6, 2026

Sell High Beta & Buy Low Volatility

By Terence W. Brogan

Today we are going show our new Bearish position by reiterating what we spoke about yesterday by showing the Sell Signal that we are recording on the Relative Performance of the S&P500 High Beta Index…

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