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 a bit lower late last night. Presidential Debate reactions. Unemployment numbers due out this morning.Dow -52, S&P -7, Nasdaq -33, Russell +4. (12:05 am ET).We still look ok technically (As long as SPY 320 holds) - 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; the Fed, Coronavirus headlines, how the economy is re-opening or not, the Global Economy, China, and upcoming elections.Watch the VIX - (CBOE Volatility Index) - remains a bit elevated, but remains under 30. 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 September. This report is for private payrolls only (no government). The consensus is for 605,000 jobs added, up from 428,000 in August.8:30 AM, Gross Domestic Product, 2nd quarter 2020 (Third estimate). The consensus is that real GDP decreased 31.7% annualized in Q2, unchanged from the second estimate of -31.7%.9:45 AM, Chicago Purchasing Managers Index for September. The consensus is for a reading of 52.0, up from 51.2 in August.10:00 AM, Pending Home Sales Index for August. The consensus is 3.2% increase in the index. 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: The markets had moderate declines on Tuesday with low volume ahead of the 1st presidential debate. With the low volume and not that much movement, we had no major changes to our chart indicators. Although we don't like remaining under the 50-day moving average. We are currently in a large trading range between SPY 320 and SPY 340. We consider SPY 320 is a strong support area and will hold. At the same time, the 320 line could also be considered as a stop out point or a buy point depending on your point of view and/or risk tolerance. * 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 stopped declining. POSITIVES: We are over the 200-day moving average, which is rising. NEGATIVES: We are below the 20-day moving average.We are below the 50-day moving average.What about the Fundamentals? 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 still above the 200-day MAs. (Bullish). But have dropped below the 50-day MA. (Bearish).Going under the 50-day moving average gives us a negative technical signal.We see a sideways - range bound market for the moment. SPY 320 as support and SPY 340 as resistance.However, do notice we have more negatives than positives listed above. A break below SPY 320 would be a problem for us.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 with a level of uncertainty.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 negative. The Stochastics are neutral. The Money Flow is slightly positive. MA +/- (slope): The 50-day MA (333.90)(+0.20) and the 200-day MA (307.71)(+0.11) The 9-month chart (below). We are well above the 200-day moving average (307.71) which is strong support. (Bullish). We are above the SPY 320 line, which is a strong support level. While SPY 340 appears to be strong resistance. 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, XOM - ExxonMobil - 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. 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