Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Monday's action: Nov. 11, 2019Dow 27691.53 +10.25 (0.04%)Nasdaq 8464.28 -11.04 (-0.13%)SP 500 3087.01 -6.07 (-0.20%) The stock market was mixed on Monday after starting the day off on the downside. The Dow closed up just enough for a new record. The S&P 500 dropped 6 points. News to keep in mind Tuesday morning: Futures trade vs fair value were slightly lower late last night. Dow -39, S&P -3, Nasdaq -13, Russell -0.The biggest factors in the market right now are; the Global Economy, China trade talks, Fed speak, and the US Treasury markets.Keep an eye on the VIX - The CBOE Volatility Index is under 13, this is risk on, although in the 12s it maybe a bit to low.CHINA TRADE WAR is still something to be aware of. Today's Economic Calendar: 6:00 AM: NFIB Small Business Optimism Index for October. 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.) The markets were mixed on Monday, with very little change to our charts. The only change was the Stochastics dropping from High/Overbought to just High. The only concern we have now is how far the rally has come and how fast. We maybe due for a breather. Our or long term chart we mark the break out point of 302.50 as a support level. 304 may also act as a possible support area. As far as the technical indicators go; the Stochastics are high while the MACD and the Money Flow remain positive. The current set-up under 'normal conditions' is telling us the next move is up or sideways. We notice the 20, 50, and 200 day moving averages are all in alignment and are all moving higher. Even so, we do remain a bit cautious and would not go all-in or use excessive margin. The Vix is under 13, which is full risk on for the markets. As low it is now though it maybe considered to low. The MACD is positive. The Stochastics are high. The Money Flow is positive. We are above the 50-day MA. The 20,50,200 day moving averages are in a positive alignment and heading higher. The 50-day MA (298.62)(+.34) and the 200-day MA (287.80)(+.24) On the 9-month chart below, we have broken above the previous double top near 302.50, that area may now become a support level. Nasdaq Composite +27.6% YTDS&P 500 +23.1% YTDDow Jones Industrial Average +18.7% YTDRussell 2000 +18.3% 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. (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.