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 Monday morning Futures trade vs fair value were trading a bit higher last night. ** Note these charts maybe released sooner from now on. **Dow +37, S&P +5, Nasdaq +30, Russell +3. (6:50 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 Vix: During the selling last week jumped well over 20, BUT with the last two days of dip buying and recovery has quickly settled back under 20. Today's Economic Calendar: 8:30 AM: The New York Fed Empire State manufacturing survey for May. The consensus is for a reading of 23.9, down from 26.3.10:00 AM: The May NAHB homebuilder survey. The consensus is for a reading of 83 unchanged from 83 last month . Any number above 50 indicates that more builders view sales conditions as good than poor. THE CHARTS: (NOTE: Charts are a guide, do other research as well.) BRIEFING: We had some more dip buying on Friday. It is a still a big RELIEF that our SPY 403 support level held up. It means the longer-term uptrend is still very much intact. We had one change to our chart indicators: We crossed back above the 20-day moving average. (Bullish).The trading range of SPY 403 to 420 is a good possibility for a while. The MACD and the Money Flow were declining, keep an eye on them for signs of bottoming. If they do not stop declining that would be a problem. If they start heading higher, so will the market. On the longer term 8-month chart the trend is still positive.* If you have any questions or opinions to add please do so! * 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: We are back above the 20-day moving average. (Bullish). POSITIVES: The MACD is positive, but declining.The Money Flow is 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: Possible market top or trading range in the future?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. OPINIONS: Longer-term we are still bullish. The 8-month chart shows a strong uptrend.Short-term it looks like we may stay in a trading range for a while.Some risks to the markets still remain.Longer-term question to ask? When will the Fed's easy money and the stimulus sugar 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, be certain of your trades! *INDICATORS: The MACD is positive, declining. The Stochastics are neutral. The Money Flow is positive. MA +/- (slope): The 50-day MA (405.12)(+0.82) and the 200-day MA (367.49)(+0.48) The 8-month chart (below). We are above the SPY 403 support level. 420 currently resistance. The market continues to climb in an impressive up-channel. Longer-term things still look good. STOCK PICKS: (For trades and/or investments.) Current trading favorites: AUPH - Aurinia Pharma, EPZM - Epizyme, EXEL - Exelixis, HZNP - Horizon Therapeutics (A big winner for us last year), IOVA - Iovance (Under 30 is a good place to buy), KPTI - Karyopharm (Good buy under $10), SGMO - Sangamo, TGTX - TG Therapeutics (Our Top Pick!), TRIL - Trillium Therapeutics.Tech Picks: CRWD - CrowdStrike (Be aware it has a high valuation.)Also watching: IMGN, VKTX. * IOVA and TGTX are oversold/good buys at current levels. TGTX extremely oversold. * * 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. .