18 November 2022 – 09:11 Central Euro Time

Silver is the sole BEGOS Market trading at present above its Neutral Zone for today; ’tis a bit ironic as Silver’s daily Parabolics flipped to Short effective today’s open: in last night’s data run, that Market Rhythm (of the 405 tested) is the most consistent by follow-through; moreover by Market Trends, Silver along with the other components (as noted in yesterday’s comment) appears toppy. Either way, overall markets’ volatility to this point of the day is light. At Market Values, real-time readings find the Euro as 3.76 points “high” above its smooth valuation line, Gold as 77 points “high”, Oil as -6.29 points “low”, and the Spoo as 165 points “high”; (the Bond is fairly in line with its valuation). This is the final day of a comparably weak Q3 Earnings Season. And the Econ Baro rounds out its busy, declining week with October’s Existing Home Sales and Leading (lagging) Indicators.