Presently, the Bond, Copper and Spoo are below today’s Neutral Zones, whilst above same is Oil; BEGOS Markets’ volatility is moderate. The Gold Update sees price’s downtrend as remaining in force, be it by the near-term 21-linreg trend (see Market Trends) or the broader-term weekly Parabolics, the prior week’s rally thus having been one of “relief”. The Spoo appears en route to recording a second consecutive down day, which across the prior 33 trading days (from 31 March) has only twice occurred; the S&P 500 itself of course remains technically overbought through the last 27 trading days as well as fundamentally overvalued, indeed vastly so via the “live” futs-adj’d P/E at this instant of 47.9x. Due for the Econ Baro is the NAHB Housing Index for May. And this is the final week of Q1 Earnings Season.