Both the Euro and Swiss Franc are at present below their respective Neutral Zones for today, whilst above same are both Gold and Silver; session volatility for the BEGOS Markets is light. Gold’s 21-day linreg trend (see Market Trends) has all but rotated to negative, the “Baby Blues” of trend consistency poised to move below the 0% axis; too by Market Magnets, Gold confirmed moving below said metric such that we ought see still lower prices near-term, even as the precious metals are getting a bid today. The MoneyFlow for the S&P 500 remains very net-negative vis-à-vis the Index itself: by our MoneyFlow page, the S&P per this leading indicator “ought be” on be (on a one-week basis) -130 points lower than ’tis, and (on a one-month basis) -535 points lower, plus (on a one-quarter basis) -641 points lower; the S&P’s futs-adj’d “live” P/E is 45.9x. For the Econ Baro we’ve January’s IndProd/CapUtil, plus December’s Housing Starts/Permits and Durable Orders. Then late in the session come the 27-28 January FOMC Minutes.