May 22, 2026

Double Demand Destruction

By Terence W. Brogan

Last Friday we pulled out the “Demand Destruction” terminology because RBOB Gasoline Futures are at the original “Demand Destruction” 2008 prior high level that was one of the precursors to the Great Financials Crisis. Yesterday…

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May 21, 2026

Inflation & Demand Destruction

By Terence W. Brogan

Last Friday we did a very simple, basic report on the price of RBOB Gasoline Futures and the fact that price of Gas right now is in the prior high “Demand Destruction Zone”. As we…

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May 20, 2026

Money Flows Continue to Struggle

By Terence W. Brogan

The markets are in a very interesting Bearish position with prices hovering around prior high resistance, our Money Flow Breadth struggling to turn positive and the Relative Performance of Non-Cyclicals (risk-off/defense) versus Cyclicals (risk-on/offense) recording…

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May 19, 2026

Best Sector & Industry Group

By Terence W. Brogan

Today we wanted to show the best money flow & relative performance sector in the stock market as well as the best money flow & relative performance industry group. Both groups of stocks are mutually…

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May 18, 2026

Money Flow Model Still Negative

By Terence W. Brogan

Today we are showing an update of the Money Flow Model as it is still negative and deeply so even with this record-breaking rally off the March lows. We continue to hold our Non-Cyclical/Defensive positions…

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May 15, 2026

Demand Destruction Zone

By Terence W. Brogan

18 years ago I heard the term “Demand Destruction” for the first time and I immediately understood what it meant because I never forget where I was when Oil hit $145 a barrel. I was…

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May 14, 2026

Money Flows Continue to Struggle

By Terence W. Brogan

Yesterday we spoke about our Advance/Decline Line Money Flows on the Large Cap Common Stocks. Today we are going to go back to the Money Flow Breadth of the induvial constituents of the Large, Mid…

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May 13, 2026

McClellan Summation ~ Sell Signal & Brogan AD Line Money Flow ~ Bearish

By Terence W. Brogan

As a stock market technician, the McClellan family has a very special place in the history of technical analysis. Tom McClellan is a great stock market technician and heir of his parent’s seminal work with…

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May 12, 2026

Interest Rate, Oil & VIX Poised to Go Higher

By Terence W. Brogan

Since the March 31st market low our Money Flow Model has been negative and stayed negative during this record-breaking rally which as we’ve been noting has set up a negative divergent pattern (positive price with…

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May 11, 2026

Money Flow Model Deeply Negative

By Terence W. Brogan

Today we are going to update the Money Flow Model, and it is deeply negative, therefore, we are still holding a defensive/non-cyclical position. Looking at the performance of our Money Flow Portfolio, it is now…

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