Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Thursday's action: The S&P 500 gained 10 points on Thursday, led by shares of the recently-battered financial and industrial stocks. Stocks went higher as Treasuries stabilized and investors continued to wait for further clarity on a U.S.-China trade talks. News to keep in mind Friday morning: Futures trade vs fair value were higher late last night - Dow +72, S&P +7, Nasdaq +27, Russell +4.China trade war news, Fed speak, and the US Treasury markets are the biggest factors in the market right now.Keep an eye on the VIX - The Vix is still in the teens after dropping under 15 on Thursday. A 'risk-on' level. Today's Economic Calendar: 08:30 Personal Income Feb08:30 Personal Spending Jan08:30 Core PCE Price Index Jan09:45 Chicago PMI Mar10:00 New Home Sales Feb10:00 Univ. of Michigan Consumer Sentiment - FinalQuick Notes: $LULU PVH $ACNIn earnings news, lululemon athletica (LULU 167.54, +20.74, +14.1%), PVH Corp (PVH 127.26, +16.37, +14.8%), and Accenture (ACN 175.12, +8.65, +5.2%) all beat top and bottom-line estimates and provided upbeat guidance, sending their shares higher.THE CHARTS: The markets were higher on Thursday. Still fighting near the S&P 500's 2,800 level. The Tug-of-War continues. As I have been writing here for a while: "Do keep in mind 280 is major resistance line." - Seems we are stuck dancing near it as the bulls and bears fight. Both the 50-day and 200-day MAs are rising. This is a good sign for the market technically when the moving averages are all headed in an upward sloping direction. The MACD is neutral. The Stochastics are neutral. The Money Flow is a slight negative. Currently we are in between strong resistance and strong support. I think this fight goes on until we finally break to the upside. The 50-day MA (273.81)(+.43) and the 200-day MA (272.62)(+.04) are both support levels. On the 9-month chart below, the previous patterns are behind us. Shown now WAS/IS the support level at 280. Next support level is the 200-day moving average near 272.65 and the next resistance level is at 285. Nasdaq Composite +15.6% YTDRussell 2000 +13.8% YTDS&P 500 +12.3% YTDDow Jones Industrial Average +10.3% YTD $SPY $DIA $IWM $QQQ 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. Follow us and check back occasionally for additional articles or comments. With our Daily Trackdowns, additional analysis/observations during the trading day in the comments by us or our readers.