21 November 2024 – 08:38 Central Euro Time

Both Gold and Silver are at present above their respective Neutral Zones for today, whilst below same is the Spoo; volatility is again light. Looking at Market Values in real-time for the five primary BEGOS Markets, we’ve the Bond as -1.50 points “low” vis-à-vis its smooth valuation line, the Euro -0.024 points “low”, Gold -16 points “low”, Oil -0.99 points “low” and the Spoo +131 points “high”. The S&P 500 is now 11 consecutive trading days “textbook overbought” and further is 26 days as such across the past 30. The “Baby Blues” (see Market Trends) for the Precious Metals are starting to curl upward, albeit their linregs remain well negative. And for the Econ Baro, incoming metrics include November’s Philly Fed Index, plus October’s Existing Home Sales and Leading (i.e. “Lagging”) Indicators.