The Bond, Swiss Franc, Gold, Silver and Oil are all at present below their respective Neutral Zones for today; above same is the Spoo, and BEGOS Markets’ volatility runs from light-to-robust, Silver having already traded 101% of its EDTR (see Market Ranges). The Gold Update cites the yellow metal as “fit to pull back a bit”, which on cue ’tis doing: still, our live Market Values shows price +162 points above its smooth valuation line; mind too at Market Trends the level and direction of Gold’s “Baby Blues” of trend consistency. As to the S&P 500, ’tis technically in a “textbook oversold” mode for the first time since late last October; regardless, the Index remain excessively high given its ongoing lack of earnings support: the futs-adj’d “live” P/E at this moment is 43.0x. The volume of incoming Q1 earnings is substantive as the week unfolds.