11 July 2023 – 09:13 Central Euro Time

A firm Tuesday start for the BEGOS Markets, all eight components in the black, and save for Oil and the Spoo, all at present above their respective Neutral Zones for today. At Market Trends, Gold’s “Baby Blues” confirmed closing above their -80% axis, suggestive of higher price levels near-term. On a 10-swing test basis our two best Market Rhythms are currently the MoneyFlow studies for 8-hr. Copper and the daily Euro. The S&P’s “live” (futs-adj’d) P/E is 55.6x and the yield 1.540%; that for the 3-Month U.S. T-Bill is 5.225%. Yesterday marked the S&P’s 25th consecutive trading day as “textbook overbought”; but the Spoo’s “Baby Blues” continue to work lower. “Follow the Blues…”