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 Wednesday morning: Futures trade vs fair value were trading slightly lower last night.Dow -20, S&P -1, Nasdaq -9, Russell +1. (10:05 pm ET).Some important economic news today.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). Today's Economic Calendar: 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.8:30 AM, Housing Starts for July. The consensus is for 1.602 million SAAR, down from 1.643 million SAAR in June.10:00 AM, the Bureau of Labor Statistics (BLS) will release the preliminary estimate of the upcoming annual benchmark revision.During the day, The AIA's Architecture Billings Index for July (a leading indicator for commercial real estate).2:00 PM, FOMC Minutes, July 27-28, 2021 THE CHARTS: (NOTE: Charts are a guide, do other research as well.) BRIEFING/OPINIONS: The markets had a down day on Tuesday, but we did see dip buying. The Stochastics still read overbought, but notice the Money Flow from Tuesday. The market had a down day, but due to the dip buying and recovery off of the lows the Money Flow had a positive day. This is a strong sign that "buy the dip" is still the trend. Further pullback is still possible/probable at some point, but the longer-term trend and momentum is still going. We had no new changes to our chart indicators. The market is still moving higher within its longer term uptrend and most likely that will continue or resume trend after brief dips. The MACD and the Money Flow are positive/supportive. The technical charts for the market look good. SPY 425 is our strong support level, it could also be considered a stop level for some traders. Also SPY 437.50 marked as a support level possibility. * If you have any questions, opinions, or comments 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: None. POSITIVES: The MACD is positive.The Money Flow is positive.We are above the 20-day moving average, which is rising.We are above the 50-day moving average, which is rising.We are above 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. OUTLOOK: Longer-term we are still bullish. The 8-month chart shows a strong uptrend.However, the risk of drops or brief pullbacks still exist in the short term.Longer-term questions to ask: When will the Fed's easy money and the stimulus sugar run out?Will higher inflation cause the Fed to raise rates? Covid still hurting the economy?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. The Stochastics are overbought. The Money Flow is positive. MA +/- (slope): The 50-day MA (432.81)(+0.46) and the 200-day MA (397.16)(+0.58) The 8-month chart (below). We are above the 425 strong support level. Minor support at 437. The market is still climbing in a long-term up-channel. STOCK PICKS: (For trades and/or investments.) Current trading favorites: AUPH - Aurinia Pharma, EPZM - Epizyme, EXEL - Exelixis (A bargain here), HZNP - Horizon Therapeutics (A big winner for us last year), IOVA - Iovance, 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), DT Dynatrace (Good longer-term hold).Also watching: IMGN, VKTX. ** $TGTX is a great buy at current levels and has been way oversold. Longer-term this will be higher. Accumulate this one now. A year from now this is much higher. ** * 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. .