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 Wednesday morning: Futures trade vs fair value were trading higher late last night. Futures up as we write this and Trump is ahead?Dow +230, S&P +55, Nasdaq +360, Russell +12. (11:20 pm ET). NASDAQ WOW!!We look ok technically - But use "Caution" message has been on here for a while for a reason. (Quick sell-offs are a possibility at anytime - so we continue to leave this note).The biggest factors in the market right now are; Coronavirus headlines, the economy, the Global Economy, China, and upcoming elections.Watch the VIX - (CBOE Volatility Index) - spiked on the sell-off to around the 40 mark. We would think it will come back down from here. Today's Economic Calendar: 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.8:15 AM, The ADP Employment Report for October. This report is for private payrolls only (no government). The consensus is for 650,000 jobs added, down from 749,000 in September.8:30 AM, Trade Balance report for September from the Census Bureau. The consensus is for the deficit to be $64.0 billion in September, from $67.1 billion in August.10:00 AM, the ISM Services Index for October. The consensus is for a decrease to 57.5 from 57.8. 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: A pre-election rally on Tuesday - did traders know something ahead of time? On our charts we only had one change, the MACD has stopped declining and appears to have bottomed out. **** Not much more to say about the charts until we know more of the election outcome. Although futures are up sharply on Trump having the lead currently. A Trump win would be a win for the markets!We would use caution, but also realize this is now a stock pickers kind of market and some opportunities may come from knee-jerk or overdone reactions. Note: With the election getting close we appear to be in an undecided place. Until the election is over and we get a bit of certainty we would expect a sideways/flat - wait and see kind of market. Some spikes in volatility are possible and could create trading opportunities for those willing to take some risk.* Repeating.... "Our problems with the market now are the uncertainty about the upcoming elections and stimulus legislation, in addition to the valuations seeming a bit high." * 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: The MACD has bottomed and is now longer declining. (Bullish). POSITIVES: We are over the 200-day moving average, which is rising. NEGATIVES: We are under the 50-day moving average. (Bearish).The Money Flow is currently negative after selling pressure.What about the Fundamentals, Valuations? Virus, Economy & Jobs, Elections, Politics, The FED, and China troubles?A lot to think and worry about!The Vix is still a bit high and may remain high for the foreseeable future. OPINION: Currently we are above the 200-day MA. (Bullish).But below the 50-day MA. (Bearish).We see a sideways - range bound type of market for the moment.We still say "Use Caution" for a reason. Do not over risk yourself or over leverage yourself.We are still susceptible to large drops or dips.Look for trading opportunities that could result and have your trading lists ready. * Do not use MARGIN at this time unless absolutely certain of your trade! *INDICATORS: The MACD is neutral. The Stochastics are neutral. The Money Flow is negative. MA +/- (slope): The 50-day MA (338.82)(-0.11) and the 200-day MA (310.35)(+0.05) The 9-month chart (below). We are well above the SPY 320 line, which is strong support. (Bullish). We are below the SPY 340 resistance level. (Bearish). 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 trading favorites: AUPH - Aurinia Pharma (Their Lupus drug is on a path to approval), EPZM - Epizyme, EXEL - Exelixis, HZNP - Horizon Therapeutics (A big winner for us this year/tripled), IOVA - Iovance, KPTI - Karyopharm, TGTX - TG Therapeutics (Our Top Pick!).If your thinking longer-term/income: T - AT&T (7%), XOM - ExxonMobil (10%) - high dividend yields.Tech Picks: CRWD - CrowdStrike (Although be aware it has a high valuation now), DT - Dynatrace. * 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. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so)! Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page. With our Daily Trackdowns, check back for additional analysis/observations during the trading day in the comments by us or our readers. .Are you interested in trading stocks to supplement your income or make a living? Maybe become a professional trader? Many traders have the skills and nerves to trade, but not the upfront capital.Well now that problem is solved!Try2BeFunded has expanded its trading program! If you're a novice or experienced trader, you can earn access to a trading account with up to $100,000! To learn more about how to qualify, click HERE and give it a shot! You have nothing to lose it is free to try. Give Try2BeFunded a try! .