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 Tuesday morning: Futures trade vs fair value were trading higher late last night. Hopes for a vaccine pushing up the futures - Asian stocks higher.We have stayed above SPY 280 and that is a big technical win for the markets.Dow +325, S&P +40, Nasdaq +132, Russell +32.The next level up is the more difficult level to cross we think - the 200-day moving average. We are stuck just below this.The biggest factors in the market right now are; Coronavirus headlines, how/when the economy will re-open, the Fed, the Global Economy and Global Geopolitical conflicts.Keep an eye on the VIX - (CBOE Volatility Index) - (28.16). It is still elevated, but well off the higher panic like levels and is drifting lower. Today's Economic Calendar: 8:30 AM ET: Chicago Fed National Activity Index for April. This is a composite index of other data.9:00 AM: S&P/Case-Shiller House Price Index for March. The consensus is for a 3.3% year-over-year increase in the Comp 20 index for March.9:00 AM: FHFA House Price Index for March 2020. This was originally a GSE only repeat sales, however there is also an expanded index.10:00 AM: New Home Sales for April from the Census Bureau. The consensus is for 490 thousand SAAR, down from 627 thousand in March.10:30 AM: Dallas Fed Survey of Manufacturing Activity for May. 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 a slightly higher / mixed day day on Friday with very light volume. Not much action was expected ahead of a 3-day holiday weekend. We are still staying just under the 200-day moving average. This is turning out to be a tough line to cross! On our charts we upgraded the MACD to slightly positive. With the exception of the high Stochastics the market appears ready to finally break over that 200-day moving average. As we write this late Monday night, the futures have pushed us above that level. Will we stay above it or fade during the day is the question. The 200-day moving average is now at 297.28 is the next level of resistance, followed by SPY 300 and 310. The 200-day MA has been strong resistance as it is a heavily watched and a significant technical level. It is no coincidence that previous market rallies get turned back just below this level.* 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 is upped to slightly positive. (Bullish).The 20, 50, and 200 day moving averages are all moving higher. (Bullish). POSITIVES: We are over the 20-day moving average.We are over the 50-day moving average.The 50-day moving average is rising.We have held above support at 280. NEGATIVES: We are under the 200-day moving average.The Vix is still high / above 20. OPINION: Currently we are above the 50-day MA and SPY 280 supports. (Bullish).Next resistance level is the 200-day MA. Just under it now!On a technical basis we are in good shape, but the 200-day MA maybe hard to get over.Added recently - the 20, 50, and 200-day MAs are all heading higher now. (Positive slopes). This is bullish!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 slightly positive. The Stochastics are high/overbought. The Money Flow is neutral. MA +/- (slope): The 50-day MA (272.35)(+0.97) and the 200-day MA (297.28)(+0.06) On the 9-month chart below, we are looking at a severe and quick drop of the market and then a rebound. About half the losses were recovered and then a sideways period brings us to where we are today. The 280 line is now considered as support. It is a good technical sign for the markets that we have stayed above 280. A large triangle is drawn on the chart. We appear to be staying above this triangle. (Bullish). * Continue to use caution - Still many unknowns. * STOCKS: (Our most recent FULL TRADING LIST is posted here). Current favorites: $AMRN - Amarin, $AUPH - Aurinia Pharma, $BFYT - Benefytt Tech, $COLL - Collegium, $EPZM - Epizyme, $EXEL - Exelixis, $HZNP - Horizon Therapeutics (new all-time highs), $IOVA - Iovance (buyout rumors), $IMMU - Immunomedics (FDA approval recently!), $KPTI - Karyopharm, $TGTX - TG Therapeutics (Positive drug trial results recently!)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. 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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