04 Oct ’22, 09:26 Central Euro Time:

Yesterday’s rally for the BEGOS Markets is continuing thus far, with every component higher and (save for the Bond) trading about above their respective Neutral Zones for today; volatility is mostly moderate. However, yesterday’s -9% decline in S&P constituent TSLA (which alone is 2.3% of the entire Index) had a significantly negative impact on the S&P’s MoneyFlow. The precious metals continue to gain some ground: specific to Gold (at present 1718) the 1744 level is a Golden Ratio retracement price for which to watch; beyond that to flip the weekly parabolic trend from Short to Long requires a move (for this week) above 1806. The Spoo has worked off some of its undervaluation: by Market Values (in real-time) price (3742) is 161 points below the smooth valuation line. For the Econ Baro we’ve August’s Factory Orders.