04 January 2023 – 09:22 Central Euro Time

Six of the eight BEGOS Markets are at present above their respective Neutral Zones for today; only the Spoo is inside of same, and Oil is below same; volatility is again moderate-to-robust. By Market Trends, the Bond, Copper and the Spoo remain in negative linear regression. Gold is having a firm start to 2023; ’tis not unusual for the yellow metal to get a bid early in a new year: by Market Values, Gold is (in real-time) 87 points above its smooth valuation line; Gold (at present 1865) shows Market Profile support at 1845, then more so at 1828-1825. Silver (now 24.46) has Profile support at 24.25. At our MoneyFlow page for the S&P 500, Flow continues to negatively exceed Index change, suggestive of still lower S&P levels. The Econ Baro looks to December’s ISM(Mfg) Index. And the FOMC’s 13/14 Meeting Minutes come due late in the session.