Gold and Silver are the only BEGOS Markets at present outside (above) today’s Neutral Zones; session volatility is moderate. The Spoo is having preliminary negative crossings on both its daily MACD and daily Moneyflow, which if confirmed at close to are suggestive of lower levels into next week. Too, the Spoo’s “Baby Blues” (see Market Trends) broke below their +80% level yesterday as the consistency of the positive linear regression trend begins to break down. Even as the S&P itself finished down yesterday, it nonetheless recorded its 20th consecutive trading day as “textbook overbought”, and the “live” (futs-adj’d) P/E remains stubbornly high at 40.0x. The Econ Baro concludes its light week with January’s UofM Sentiment Survey and December’s Treasury Budget.