Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Tuesday's action: Stocks closed on a mixed note on Tuesday, with the S&P 500 losing 3 points, ahead of a big batch of earnings reports. News to keep in mind Wednesday morning: Futures trade vs fair value were higher late last night - Dow +69, S&P +5, Nasdaq +47, Russell +3.The China trade war news and Fed watching are still the 2 biggest issues currently to keep an eye on.Keep an eye on the VIX - The Vix has dropped back below 20. If it can stay below 20 for a long time it will invite the bulls to buy.Remember the December nonfarm payrolls increased by 312,000. A huge out performance of expectations! The economy is still doing very well if measured by the job market.We are staying above the 50-day moving average on the S&P 500 - That level is now strong support.PACKED ECONOMIC CALENDAR! - Jobs report, GDP, Home sales, FED meeting! Keep an eye on these things. Today's Economic Calendar:7:00 MBA Mortgage Applications8:15 ADP Jobs Report8:30 Treasury Refunding Quarterly Announcement8:30 GDP Q410:00 Pending Home Sales10:00 State Street Investor Confidence Index10:30 EIA Petroleum Inventories2:00 PM FOMC Announcement2:00 PM Chairman Press ConferenceQuick Notes: $XRX $GLW $WHRMissed by many traders only focused on Apple's or AMD's earnings after the close, Xerox (XRX 27.07, +2.77, +11.4%), Corning (GLW 33.72, +3.36, +11.1%), and Whirlpool (WHR 136.49, +12.03, +9.7%) all ran up after impressing investors with their results. Tiger's Take: "The earnings reports for these three got unnoticed by some, but got really nice pops on their results." CHARTS: The markets were mixed on Tuesday while awaiting Apple's earnings after the close. We are STILL above the 50-day MA on the SPY and it is now viewed as a strong support level. This is good for the bulls. We are in a trading range between the 50-day MA (260.06) up to the 200-day MA (271.50). I see this trading range holding until we break above the 200-day sometime out in the future. The MACD is positive. The Stochastics are neutral. The Money Flow is positive. On the 9-month chart below, the previous patterns are behind us. Shown now is the resistance level/top at 280. Support is found at 260. A minor trading range of 260-270 is now ongoing.Russell 2000 +9.1% YTDNasdaq Composite +5.9% YTDDow Jones Industrial Average +5.4% YTDS&P 500 +5.3% YTD NOTICE: The Russell 2000 is leading the market higher so far this year, outperforming the larger averages.$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. 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.