Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Friday's action: Oct. 11, 2019Dow 26816.59 +319.92 (1.21%)Nasdaq 8057.04 +106.26 (1.34%)SP 500 2970.27 +32.14 (1.09%)The S&P 500 gained 32 points Friday, as trade talks between representatives from China and the U.S. started with considerable optimism. In addition a new QE of sorts is starting Tuesday, as the Federal Reserve will begin purchasing Treasury bills at a pace of $60 Bln per month. The purchases will continue into the second quarter of next year or longer. News to keep in mind Monday morning: Futures trade vs fair value were slightly higher late last night... Dow +75, S&P +7, Nasdaq +21, Russell +4.The biggest factors in the market right now are; Global Economy, China trade talks, Fed speak, and the US Treasury markets.Keep an eye on the VIX - The CBOE Volatility Index dropped Friday back into the 15s. This is a level at which usually means neutral and risk on.CHINA TRADE WAR is still an ongoing drama! Over and over again.... Today's Economic Calendar: None scheduled 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.) The markets ended higher again on Friday with some improvements to our charts. We now have the MACD from a neutral to a neutral and heading higher. We also have popped back over the 294 level. We are now above our 294 resistance/support level. If we stay above 294 for another day or 2 this will then put us into a 294-300 trading range. Technically we are set to stay up in this range, but as always lately keep an eye on the trade headlines. We expect volatility to stay somewhat elevated as long as trade discussions, political news, and tweets can change the market's temper in a second. On a positive for the markets, the Fed is starting a QE type program which could help inflate stocks. Still, we would still be using caution and taking some profits (on a case by case basis depending on your own risk tolerance). We also would take a few new starter size positions in names beaten down or offering good value (also depends on your own risk tolerance). The MACD is neutral, but appears set to start rising. The Stochastics are neutral. The Money Flow is negative. We are above the 50-day MA. The 50-day MA (292.42)(+.05) and the 200-day MA (282.67)(+.27) On the 9-month chart below, we are in a large trading range of 282 to 302. Nasdaq +21.4% YTDS&P 500 +18.5% YTDDow Jones Industrial Average +15.0% YTDRussell 2000 +12.1% YTD $SPY $DIA $IWM $QQQ 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.