• How do you say 'hope' in Chinese?

    Despite all the negativity of last week, money continued to move into the US equities markets, especially on the largest caps, such as AMZN and AAPL.









    Even the semiconductors attracted good money on Friday, even though Broadcom issued a revenue warning based on a China trade narrative. This tells us that for now hope is stronger than reality.



    The US$ gained much traction on Friday compared to other main currencies.







    A stronger US$ pulled gold/copper lower.





    Even Oil could not stage a bounce.



    If you are a Canadian markets investor, then the story looks much more negative.



    Conclusions:

    This market is already pricing a wonderful G20 meeting for the US/China trade issues.
    For now, none of the Effective Volume based indicators is bearish. So hope is supported by money.