SPY Charts and some Technical Analysis News to keep in mind Today - Today's Economic Calendar - The Charts - Opinion - Stock Picks. News to keep in mind Monday morning: Futures trade vs fair value were trading near unchanged late last night after a huge rally on Friday.Friday's Employment Report report was a huge win for the economy and the bulls.We are above the 200-day moving average - this was a big technical win for the markets. Will the S&P 3,000 level become support now? It is looking like it.Dow +5, S&P -1, Nasdaq +16, Russell +1.The biggest factors in the market right now are; Coronavirus & Protest headlines, how the economy is re-opening, the Fed, the Global Economy and Global Geopolitical conflicts.Keep an eye on the VIX - (CBOE Volatility Index) - (24.52). It is still a bit elevated, but well off the higher panic like levels. This week so far this has started to drop a bit more significantly. Today's Economic Calendar: No major releases for Monday.THE CHARTS: (NOTE: Charts are a good guide but when a tweet or news item can jerk the markets around, they mean a bit less.) BRIEFING: Huge rally higher Friday based on a really good employment report. All the major averages rocketed higher! On our charts we see the gap higher but besides that we didn't have much change. The divergence between the Stochastics and the Money Flow still exists and needs to be considered if trading. The Stochastics are showing a definite overbought reading while the Money Flow is very positive. Normally that would mean a short-term (2-4 days) correction to alleviate the overbought condition followed by a resumption of the longer-term uptrend. That could still happen, but these are not normal conditions due to Fed manipulation, news, etc. In this case we might remain overbought for a while and keep moving higher. Use caution as computer algos are trading more than people. For the moment we are a bit above what was the SPY 310 strong resistance line. We have left this line on the chart. Also, we are still above the 200-day moving average and S&P 500's 3,000 mark, these levels are turning into supports now. (Bullish). The 50-day moving average can now be seen rising noticeably. (Bullish).* Don't risk to much, there is still a lack of CERTAINTY in the markets. * IF wanting to gamble: Options trades on these ETFs will give you a way to place your bets. $TQQQ - $SQQQ - $SPXL - $SPXS.* Beware - levered ETFs are subject to decay and are not for long-term holding. * CHANGES: none POSITIVES: We are over the 20-day moving average.We are over the 50-day moving average, which is rising.We are over the 200-day moving average, which is rising. NEGATIVES: What about the fundamentals? Virus? Protests? Economy & Jobs?The Vix is still high / above 20. OPINION: Currently we are above the 50-day and 200-day MAs. (Bullish).The 20, 50, and 200-day MAs are all heading higher now. (Positive slopes). This is bullish!Technically the market is in great shape and appears solidly bullish. Just keep in mind the fundamentals are questionable currently. We still have virus fears and protests to deal with.Be aware that we are still susceptible to large drops or dips with a level of uncertainty.Look for trading opportunities that could result due to higher volatility!Have your trading lists ready. * Using caution = Do not use MARGIN at this time unless absolutely certain of your trade! *INDICATORS: The MACD is positive. The Stochastics are high/overbought. The Money Flow is positive. MA +/- (slope): The 50-day MA (284.69)(+1.46) and the 200-day MA (298.28)(+0.17) On the 9-month chart below, we are looking at a severe and quick drop of the market and then a rebound. About 3/4ths of the losses were recovered. We finally got over and above the 200-day moving average and SPY 300. (Bullish). * Continue to use caution - Still many unknowns. * STOCKS: (Our most recent FULL TRADING LIST is posted here). < Favorites & Trade Ideas > <-- Click here for the quotes, details, news and opinions on our current Favorites and Trade Ideas! Current favorites: $AMRN - Amarin, $AUPH - Aurinia Pharma, $BFYT - Benefytt Tech, $EPZM - Epizyme, $EXEL - Exelixis, $HZNP - Horizon Therapeutics (new all-time highs), $IOVA - Iovance, $IMMU - Immunomedics, $KPTI - Karyopharm, $TGTX - TG Therapeutics.If your thinking longer-term/income: $T - AT&T is worth a look - high dividend yield.Tech Pick: $CRWD - CrowdStrike. * Feel free to share your list/picks in the comments below. Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. 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