Welcome to The Alpha Ledger. By subscribing to or accessing content from The Alpha Ledger, you agree to the following terms and conditions:

1. Informational Use Only

The Alpha Ledger provides structured stock screening lists strictly for informational purposes. These lists do not constitute investment advice, trading recommendations, or financial guidance. Nothing published by The Alpha Ledger should be interpreted as a solicitation to buy or sell securities.

2. No Advisory Relationship

The Alpha Ledger is not a registered investment advisor. No fiduciary, advisory, or client relationship is created by subscribing to or interacting with this content.

3. Risk Disclosure

Trading and investing involve substantial risk, including the potential loss of capital. The performance of past securities mentioned in The Alpha Ledger is not indicative of future results. Subscribers are responsible for independently assessing all risk before acting on any information. The Alpha Ledger does not consider scheduled earnings reports, analyst calls, or company events when screening stocks. Subscribers are responsible for applying their own trade management discretion. The Ledger's role is to identify structurally qualified setups — regardless of event risk.

4. Content Ownership and Use

All materials published by The Alpha Ledger — including but not limited to curated lists, commentary, and analytics — are proprietary intellectual property. Redistribution, reproduction, or resale of content without explicit written permission is prohibited. Paid subscriptions are for individual, non-transferable use only. Sharing login credentials or redistributing subscriber-only content may result in termination without refund.

5. Service Availability

The Alpha Ledger is provided on a best-efforts basis. While regular updates are intended on market days, there may be delays or interruptions due to personal, technical, or external factors. The publisher reserves the right to modify, pause, or discontinue the service at any time.

6. No Guarantees

Accuracy, completeness, or timeliness of information is not guaranteed. The content is presented “as is,” without warranty of any kind.

7. Modifications

These terms may be updated at any time without notice. Continued use of the service constitutes agreement to the most recent version.

Academic Attribution and Independence

The Alpha Ledger applies structural momentum screening concepts originally explored in J.D. Henning’s 2016 doctoral dissertation, "Multiple Discriminant Analysis of the Price Momentum Anomaly and Reversal Event Signals." These concepts are independently adapted within the Momentum Dynamics Gatekeeper module.

The Alpha Ledger, Momentum Dynamics Gatekeeper, and all related outputs are fully independent creations. They are not affiliated with J.D. Henning, his Multiple Discriminant Analysis (MDA) methodology, VMBreakouts.com, Seeking Alpha publications, or any associated services or platforms.

We respectfully acknowledge the contribution of J.D. Henning’s academic work to the broader field of structural momentum screening, while maintaining full independence in design, application, and operational execution.

Disclaimer

The Alpha Ledger does not provide legal, tax, or financial advice. Use of the service is at your own risk.