05 December 2024 – 08:27 Central Euro Time

The Euro is the sole BEGOS Market outside (above) its Neutral Zone for today; session volatility is very light. Gold’s 12hr Parabolics flipped to Long effective today’s open: of the 405 Market Rhythms run each evening, this one ranks in the top ten and has produced a minimum of 17 points of follow-through (either Long or Short) in nine of the past 10 signals; of course, the more dominant weekly Parabolic trend remains Short; too, (inclusive of real-time), Gold’s 21-day linear regression trend is neutral, its “Baby Blues” (see Market Trends) smack on their 0% axis, but themselves rising. For the S&P 500, its “live” (futs-adj’d) P/E is now 46.6x, the Index now overbought through 35 of the past 39 trading days, and at our “extreme” level through the past six. Today’s incoming metrics for the Econ Baro include November’s Trade Deficit.