Last week saw the firmness of the floor markets have placed under the falls of the last two months. The S&P 500 stopped falling at the 2540 level. The Nikkei at 20900, the Milan at 21850 the CAC 5050, the DAX 11800 and the FTSE at 21500. All of the stock markets tracked approximately the same pattern where the levels above were retested at least once and they held. Meaning that the bears (Sellers) could not drive the price below these levels as the Bulls (Buyers) would start buying at those prices. Once stabilisation is reached buyers have, slowly, come back to the markets to continue the price rises. Currently that buying activity is not a runaway Bull stampede. However the slope of the price curve is positive, meaning that the price level is rising steadily, if not rapidly. And that is fine for us as traders as we are only interested in capturing the direction (Slope) of the price curve. We anticipate a continuation of this movement upwards because we are still at the beginning of the Earnings Reporting season and it is proving to be positive indeed. Second, the trade spat between the US and China is calming. While over $160 billion have been threatened, the actual tariffs imposed stands at $43b and is holding. The Chinese have begun to concede as they have lowered the participation rate of their firms in joint automobile ventures. Surely more are to come. It will take some time to recover those lost monies the market took away, but that market has not been crippled either.