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 mixed/near unchanged late last night.Dow -11, S&P -1, Nasdaq +19, Russell -1. (9:45 pm ET).We look good technically - But use "Caution" message has been on here for a while for a reason. (Quick sell-offs and/or getting overbought are a possibility at anytime - so we continue to leave this note).The biggest factors in the market right now are; Coronavirus headlines/reopening, the US economy, interest rates, the Global Economy, any political drama.Watch the VIX - (CBOE Volatility Index) - The Vix has risen a bit in the declines, then backed all the way down to the low 20s. No real sign of a panic during the latest pullback and risk is coming back on. Today's Economic Calendar: 8:30 AM ET, Retail sales for February is scheduled to be released. The consensus is for a 0.5% decrease in retail sales.9:15 AM, The Fed will release Industrial Production and Capacity Utilization for February. The consensus is for a 0.6% increase in Industrial Production, and for Capacity Utilization to increase to 75.8%.10:00 AM, The March NAHB homebuilder survey. The consensus is for a reading of 83, down from 84. Any number above 50 indicates that more builders view sales conditions as good than poor. THE CHARTS: (NOTE: Charts are a good guide, but news items can move the markets around.) BRIEFING: Boom, and just like that we are making new record highs again! Recently the MACD had a positive cross up, which is usually a good reliable bullish indicator. Now today the Money Flow went from negative to a slight positive. So two good indicators showing bullish sentiment/momentum. At the same time though, we do have the Stochastics showing an overbought reading.On our charts today we upped the support / stop lines to SPY 380. Yesterday we mentioned two Scenarios: 1) We break above to new highs over the SPY 395 resistance line, or 2) we get turned around for now and stay within the trading range.At the moment, the first possibility is ahead. Keep both possibilities in mind when making your trades.Questions to ask oneself before the trade: How well is the economy is reopening? What does the stimulus deal passing mean? Will treasury yields stay low/stabilize? Will stimulus checks going to the 'Robinhood' kids add volatility to the markets? Positives: We are above the 50-day moving average and well above the SPY 380 support level.Note: The Russell 2000 (small caps) are still leading the markets so far this year. Up 19% YTD now!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 Stochastics are overbought.The Money Flow improved from negatives to slightly positive.We moved our Support/Stop line higher to SPY 380. POSITIVES: The MACD is positive with a positive crossover.The Money Flow is slightly positive.We are over the 20-day moving average.We are over the 50-day moving average, which is rising.We are over the 200-day moving average, which is rising. NEGATIVES: The Stochastics have gotten overbought. (Short-term bearish).Possible market top or trading range?Thinking about the Fundamentals, Valuations, Virus news, the Economy, Jobs, Politics, The FED, etc.?Some things out there to worry about still! Or a wall of worry to climb as the saying goes. OPINION: Currently we are above the 20-day, 50-day and 200-day MAs. (Bullish).The MACD has a positive cross up. (Bullish).The Stochastics are overbought.We were in trading range of SPY 375-395 with both bullish and bearish indicators, but now have broken out to new highs.Currently we are looking to see if we remain at new highs or fall back into that trading range again.With current stimulus, low rates, and the economy reopening from Covid, a recovery and the previous uptrend is resuming and new highs are possible!BUT... There is also a chance we pullback a bit and settle into a trading range for some time. Risks to the markets still remain.IF/When will the Fed and stimulus sugar rush run out? 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. * Be careful if using MARGIN at this time, be certain of your trade! *INDICATORS: The MACD is positive. The Stochastics are overbought. The Money Flow is slightly positive. MA +/- (slope): The 50-day MA (383.64)(+0.49) and the 200-day MA (347.64)(+0.49) The 8-month chart (below). We are above the SPY 380 support level. The market continues to climb in an impressive up-channel. STOCKS: < Favorites & Trade Ideas > <-- Click here for the quotes, details, news and previous opinions on our Favorites and Trade Ideas lists! Current trading favorites: $AUPH - Aurinia Pharma (Lupus drug has been FDA approved!), $EPZM - Epizyme, $EXEL - Exelixis, $HZNP - Horizon Therapeutics (A big winner for us last year), $IOVA - Iovance (Dropped from 50 to low 30s, good time to buy), $KPTI - Karyopharm, $SGMO - Sangamo, $TGTX - TG Therapeutics (Our Top Pick!).Tech Picks: $CRWD - CrowdStrike (Although be aware it has a high valuation now).Also watching: $IMGN, $TRIL, $VKTX. * 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. .