Documentation

BEGOS Markets

BEGOS is comprised of the markets in the above acronym, (five primary markets plus three secondary markets).

This BEGOS page encompasses for each market a variety of measures for when you are focused on a specific market. (The reciprocal of this is per the menu link at left for “BEGOS Measures” which encompasses for each measure all of the markets for when your focus is on a specific measure).


BEGOS Measures

BEGOS is comprised of the markets in the above acronym, (five primary markets plus three secondary markets).

This BEGOS page encompasses for each measure all of the markets for when your focus is on a specific measure. (The reciprocal of this is per the menu link at left for “BEGOS Markets” which encompasses for each market a variety of measures for when you are focused on a specific market).


“The trend is your friend until it reaches the bend”. And being “Ahead of the Markets” is aided by visualizing the approaching bend, borne by the early detection of apparent breakdown in current trend consistency. As originally made popular in Gold Update, presented below for all of the markets that make up BEGOS is our measure of Trend consistency known as the “Baby Blues”. Those blue dots depicted on each of the three-month charts show the representation of the consistency of that respective market’s 21-days linear regression trend. When the dots are above their 0% horizontal axis, that trend is up, else down. As an arbitrary trading signal, when the dot first rises above the -80% line, look for price to be turning up and vice-versa if falling below the +80% line. The Baby Blues can help weather the contra-directional “noise” of trade as long as the dots maintain the desired direction day by day.


Market Magnets

BEGOS Market Magnets compile all of the price and volume data from the BEGOS Market Profiles for the last 10 trading sessions (two weeks) to thus establish for each market the consensus price for that period. The differs from a 10-day moving average of price because it takes volume-per-price-point into account. The three-month graphics below for each of the BEGOS Markets chart daily closing Price (thin line) and the level of the 10-sessions Magnet (thick line), its current level is shown in the colored block at in right of each graphic. Similar to the BEGOS Market Values, the crossover by Price of the Magnet line the implies the direction in which to be positioned; however, the distance of Price from Magnet, (per the oscillator at each graphic’s foot), suggests that Price has drifted too far from Magnet.


Market Profiles

Powerful Market Profiles have proven their popularity by The Gold Update readership. Now we update them every day for all eight markets in the BEGOS complex. Each market’s profile reflects the cumulative volume of contracts traded at each price point (as rounded) for the last 10 trading sessions, (two weeks). The longer the horizontal bar, the greater the volume traded at that price. The apices formed in each market’s profile represent those recent prices that have seen the greatest consensus of buyers and sellers coming together, and thus are very useful in determining levels of support and resistance as well as potential trading range.


Market Rhythms

Discovering the repetitive, rhythmic ebb and flow of certain standardized technical studies enhances an investment’s or trade’s probability of achieving a specific amount of targeted profit. For each of the eight BEGOS market components, we regularly/rigorously test five specific technical analysis studies across seven different time frames to discover those with rhythms that have generally been producing a specified level of profit up to as many as 10 times in a row. The results as itemized are culled from 280 tested iterations, (8 markets x 5 studies x 7 timeframes for each study). Because market dynamics obviously change over time, such rhythms will not maintain reliable profitability in perpetuity and therefore one must consider such generated “rhythmic signals” in concert with one’s own market analyses and risk management tolerances.


Market Values

For each of the five primary BEGOS markets below is a two-panel chart. The upper panel shows the market’s daily closing price from one year age-to-date (252 trading days) along with a smoother “valuation line”. This smooth line is an ever-flexing generated “value” for that market’s price relative to moments of the other four markets combined in the BEGOS complex. Observe that when price penetrates valuation, that is generally the direction in which to be positioned or trading the market. The lower panel is the oscillator of “price less valuation” which shows if the price is trending towards or away from valuation, (the horizontal zero axis). The oscillator also suggests if the price has become comparably far afield from the valuation. Any new crossovers through the last trade date are as immediately noted.


Market Ranges

The time-tested thorn in the side of the trader and investors is not necessarily being on the incorrect side of move; rather profit is taken, often in sheepish relief, only to later find in hindsight that multiple times such profit was “left on the table”. Similarly, a protective loss is taken on trade by employing a sufficiently narrow “stop”, similarly to later discover one was correct about direction, yet one’s “stop” to protect capital was too tight.

This is where having an affinity for marketer’s ever-evolving “expected daily trading range” (EDTR) is constructive in designing a trade. For example, if price reverse direction from a support or resistance level, understanding range is helpful in determining how far to let the trade run, in concert with other analytics. For each of the eight BEGOS market components is its “expected daily trading range” charted from one year ago to date. The current “expected daily trading range” is as noted per the block in the right of each chart.


MoneyFlow

One of our favourite generally leading indicators, here we regress our calculation of the S&P 500’s Moneyflow into points so as to be directly comparable to the change in the Index itself, toward confirming else refuting market direction. The three panels’ time frames from left-to-right are for one week (the last 5 days), one month (the last 21 days) and one quarter (the last 63 days), all incrementally updated every trading day.