24 January 2023 – 09:27 Central Euro Time

Gold is the sole BEGOS Market at present not inside, (indeed above), its Neutral Zone for today; session volatility is light. As much as we champion Gold’s rise (from 1618 on 03 November to its present 1941 level), we remain wary of price’s deviation above its smooth valuation line (see Market Values) which in real-time is 105 points; regardless, Gold’s cac volume is improved over that of the prior two months, evidence that the yellow metal is “getting the bid.” Money too has been flowing by our near-term measure (see S&P MoneyFlow) into the S&P 500 even as its “live” P/E is a fut’s-adj’d 39.5x; however the Spoo by Market Values is only some 55 points high; still, the S&P itself has been “textbook overbought” for the past seven trading days; the Spoo (at present 4034) by Market Profiles finds its most dominantly traded price across the past fortnight as 4013.