With “war-deal euphoria” in the air, this morning’s BEGOS Markets directions are predictable: seven of the eight are at present above their respective Neutral Zones for today, the sole component below same of course being Oil, (and thus too the Dollar Index); volatility for the session is moderate. The Gold Update underscores the yellow metal’s key negative trends, suggesting (even as price today is currently up to 4326) that a return to Fair Value (3949) is reasonable to expect. The Spoo’s up-gap opening today — combined with an additional 63 points of price premium as volume rolls from the June cac into that for September — is sufficient to stem the linreg trend having rotated to negative last week; today’s positive price push is flipping the Spoo’s daily parabolics from Short back to Long, however that doesn’t nix our notion that the S&P 500 itself shall soon return to corrective mode with the 6800s in mind. The Econ Baro begins a week of 15 incoming metrics with June’s NY Empire State and NAHB Housing Market Indices, plus May’s IndProd/CapUtil.