Brief Recap and Updates on the MarketsDeutsche Bank and Amazon newsSPY Charts and some Technical AnalysisIn Friday's action:Stocks ended up a bit higher on Friday following a range-bound day of trading on light volume. As the S&P 500 meets technical resistance at the 2800 level.News to keep in mind Monday morning: Markets are slightly higher in pre-market tradingAt 8:15am ET - Dow futures vs fair value: +20.00. S&P futures vs fair value: -0.25. Nasdaq futures vs fair value: +5.00.The VIX is up 3% in pre-market tradingKeep an eye out for any trade war headlinesToday's Economic Calendar 8:30 Empire State Mfg Survey8:30 Retail Sales10:00 Business InventoriesInteresting Stock News this morning: Deutsche Bank +7.4% premarket after saying it expects to report Q2 pretax profit of about €700M and net income of approximately €400M, which is "considerably above the average consensus estimate." The latest figures appear to be good news for new CEO Christian Sewing, and company management "believes that these results demonstrate the resilience of the franchise." Deutsche will report full earnings on July 25."Good to see Deutsche Bank's news, should help some worry less". Amazon is planning a smart television set and its own TV service, according to The Telegraph. The device is being confidentially tested by DTG, which maintains technical standards in the U.K.'s digital terrestrial broadcasts. Amazon turned to the broadcast technology after its attempts to convert Prime Video into a viable alternative to satellite or cable pay-TV fell flat."A new TV service could lead to more cord cutting, but will it hurt Netflix type services"?The SPY charts are pictured below. The first is a 3-month chart followed by a longer-term 9-month chart. We have broken back above the 278 level last week. The next level to watch is longer-term resistance at 280, as shown on the 9-month chart. The MACD lines crossed up and are positive. The Stochastics are now showing overbought. The Money flow is currently a slight positive for the markets. This morning's pre-market activity points to a slighter higher open. The Stochastics are showing overbought, but the positive moves of the MACD and Money Flow show strong market momentum. Negative trade war headlines may have been a buying opportunity. At worst, I expect the SPY to stay in the 273-280 trading range. On the next dip/pullback, we may look to add to some positions while keeping an eye out on the trade wars and politics headline risks.In the longer term chart, we are still marking a trading range of 270-280. We would add to positions at the bottom of this range or take some profits at the top of this range. Note: A break out above 280 would be very significant.Nasdaq Composite +13.4% YTDRussell 2000 +9.9% YTDS&P 500 +4.8% YTDDow Jones Industrial Average +1.2% YTDDisclosure: 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. Follow us and check back occasionally for additional articles or comments. With our Daily Trackdowns, additional analysis/observations during the trading day in the comments by us or our readers.