The Space Weather (SWx) Team of the Algorithm Working Group (AWG) was formed in January 2006 to address algorithm development and readiness for the Solar Imaging Suite (SIS), Space Environment In Situ Suite (SEISS), and magnetometer. Membership draws on NOAA's Space Weather Program and includes representation from the NCEP Space Environment Center (SEC) and from the NESDIS National Geophysical Data Center (NGDC). Expertise spans the range from instrument scientists to forecasters to archivists. This poster presents an overview of current SWx forecasting and products based on GOES observations. It also addresses the Team's initial activities and plans to gather proxy data sets, fully document and review existing product algorithms, and to rigorously assess the accuracy of selected products through reanalysis.