03 March 2023 – 09:47 Central Euro Time

In reversal from this time yesterday, all eight BEGOS Markets are higher, with two (Oil and the Spoo) not at present above their Neutral Zone; volatility is light-to-moderate. Gold is teasing the top of its 1851-1798 support zone. The S&P 500 yesterday unwound its near-term “textbook oversold” condition; our MoneyFlow page for the S&P by both the monthly and quarterly measures suggests higher Index levels; however this can swiftly reverse upon substantive selling of the largest-cap components; (indeed the daily measure already has reversed to negative). The Econ Baro wraps up its week with February’s ISM(Svc) Index.