20 November 2024 – 08:38 Central Euro Time

Save for Oil and the Spoo, the other six BEGOS Markets are lower, notably with the Bond, Euro, Swiss Franc, Gold and Silver at present below today’s Neutral Zones; the Spoo is above same, and volatility is light. The Bond’s “Baby Blues” (see Market Trends) have — for the second time in as many weeks — moved above their key -80% axis: thus we look to still higher Bond prices near-term following Friday’s low of 115^09 (present price is 116^12). In looking at Market Rhythms, on a 10-test basis our current leaders for pure swing consistency are Oil’s 8hr Moneyflow, Silver’s 8hr Price Oscillator and the Spoo’s 1hr Moneyflow; the lone leader on a 24-test basis continues to the non-BEGOS Yen’s daily Price Oscillator. Nothing is due today for the Econ Baro. And with the “live” futs-adj’d P/E of the S&P now 45.2x, we’ve three days left to run in this sub-par Q3 Earnings Season.