July 29, 2026

Guns & Butter

By Terence W. Brogan

This weekend Guns & Roses is playing in Hershey, PA, and they couldn’t be performing at a more fitting time. We have an economy and society running on “guns and butter,” a phrase that used…

Read More >>

July 28, 2026

Cyclicals Outperforming S&P500 Equal Weight ~ Money Flow Model Outperformed Both

By Terence W. Brogan

I was looking at this chart over the weekend and was struck by the sheer outperformance of the Cyclicals (Value Stocks) — Financials, Industrials, Materials, Energy, Discretionary, and Equal‑Weighted Tech — versus the S&P 500…

Read More >>

July 27, 2026

Money Flow Model Still Deeply Negative

By Terence W. Brogan

Today we’re starting the week with a look at the Money Flow Model, which remains deeply negative even as the market continues to trade around all‑time highs. This divergence between weak broad‑based buying pressure/closing power…

Read More >>

July 24, 2026

Risk Management ~ Avoiding Excessive Drawdowns

By Terence W. Brogan

Today I want to talk about what makes The Brogan Group Equity Research truly special — and different from any other technical research shop on Wall Street. In two words, it is Risk Management. We…

Read More >>

July 23, 2026

10 Yr T-Note Yield Buy Signal; Crude Oil Buy Signal; Inverted VIX Sell Signal; Non-Cyclical Equity Buy Signal

By Terence W. Brogan

Today we have a very important report, as we are getting Intermarket Bearish Signals for the stock market. As the title notes, we are recording a Sell Signal on the Inverted VIX (volatility moving higher),…

Read More >>

July 22, 2026

High Beta Money Flow & Relative Performance Breadth Sell Signal

By Terence W. Brogan

Today we’re highlighting one of our favorite measures of market risk: the S&P 500 High Beta Index, paired with its Money Flow and Relative Performance breadth, along with the momentum/rate‑of‑change signal captured through the Breadth…

Read More >>

July 21, 2026

Money Flow Diverging Price ~ Last Saw Before 22’Inflation Scare

By Terence W. Brogan

We’ve been seeing major divergences between our Money Flow Breadth and the market lately, and I wanted to dive deeper by doing an apples‑to‑apples comparison of our high‑frequency Money Flow Breadth and Price Breadth. We’re…

Read More >>

July 20, 2026

Money Flow Model Still Deeply Negative

By Terence W. Brogan

Today we’re starting the week with a look at the Money Flow Model, which remains deeply negative even as the market continues to trade around all‑time highs. This divergence between weak broad‑based buying pressure/closing power…

Read More >>

July 17, 2026

Bullish Relative Performance ~ Large, Mid & Small Cap Value

By Terence W. Brogan

As of yesterday, the Russell Small Cap Value Index has now recorded a Relative Performance 104‑MACD momentum‑reversal Buy Signal. This joins the Large‑ and Mid‑Cap Relative Performance Buy Signals we’ve been tracking over the past…

Read More >>

July 16, 2026

NDX100 Advance/Decline Line Major Bearish Money Flow Trend Break

By Terence W. Brogan

Today we want to highlight our proprietary Advance/Decline Line Money Flow Indicator, which we first introduced to clients in our March 17, 2021 report. Since that introduction five years ago, this indicator has delivered exceptional…

Read More >>