The Bond is the only BEGOS Market at present above its Neutral Zone for today; below same are Gold, Silver and Oil, and session volatility is light. Yesterday, the S&P 500 made both record intra-day (7539) and closing (7519) highs: the Index is now “textbook overbought” through the last 33 consecutive trading days, and the “live” (futs-adj’d) P/E at this instant is 49.1x. The Spoo’s “Baby Blues” of linreg “consistency” have barely been treading water these last several days just above +80%, which we continue to mind for a breakdown toward lower price levels; the Spoo’s best Market Rhythm for pure swing consistency has been (on a 10-test basis) its 2hr Price Oscillator and (on a 24-test basis) its 2hr Parabolics. Cac volume for Gold is rolling from June into that for August with +33 points of fresh premium, whilst that for the Bond is rolling from June into September at a -0^16 points discount. Nothing is due today for the Econ Baro ahead of tomorrow’s “Fed-Favoured” PCE inflation gauge for April.