08 August 2023 – 09:11 Central Euro Time

The Bond is at present above its Neutral Zone for today; below same are Copper, Oil and the Spoo; volatility is again light-to-moderate. Whilst the S&P yesterday rose +0.9%, its MoneyFlow was actually negative, (see S&P: sub-menu MoneyFlow); specific to the Spoo (4525), we continue to seek the 4455 level (i.e. the mid-point of the initial 4498-4411 underlying support structure). At Market Values, we note two excessive readings: Oil is some +7 points above its smooth valuation line, whilst the Bond is some -6 points below same. For June metrics, the Econ Baro awaits the Trade Deficit and Wholesale Inventories.