Brief Recap and Updates on the MarketsSPY Charts and some Technical AnalysisIn Thursday's action: Wall Street soared on Thursday, with the Dow adding 1.0% and finishing at a new all-time high. The S&P 500 also closed at a new record, finishing with a gain of 0.8%. The tech-heavy Nasdaq advanced 1.0% to finish about 1.0% off its record. The small-cap Russell 2000 climbed 1.0%, coming within 1.2% of its all-time high. News to keep in mind Friday morning: Markets are higher in pre-market tradingAt 5:00am ET - Dow futures vs fair value: +101.00. S&P futures vs fair value: +7.75. Nasdaq futures vs fair value: +27.50. Russell 2000 futures vs fair value: +5.25.Keep an eye out for any trade headlines or political risksThe futures point towards another ALL-TIME HIGH being set today. Happy Friday everyone :)Today's Economic Calendar:9:45 PMI Composite Flash1:00 PM Baker-Hughes Rig CountThe SPY charts are pictured below. The first is a 4-month chart followed by a longer-term 9-month chart. The markets were up in a big way on Thursday and the pre-markets are showing continued buying Friday morning. The MACD lines are now crossing and heading up. The Stochastics are neutral/high. The Money Flow is currently a positive. The 200-day moving average is looking strong and steady. New all-time highs! I expect the market to continue drifting higher even as it deals with the China trade war headlines or political turmoil. We are expecting the trend of higher lows and higher highs since April to continue. On dips or pullbacks, we may look to add to some positions while keeping an eye out on the trade wars and politics headline risks.On the 9-month chart, a nice channel featuring higher lows since April has been shown. This trend/pattern has remained strong. At worst we expect any pullbacks will not break the channel's lows. NOTE: We have had this same message for a while now, we are still in "the trend is your friend" on the 9-month chart.Nasdaq Composite +16.3% YTDRussell 2000 +12.0% YTDS&P 500 +9.6% YTDDow Jones Industrial Average +7.8% 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.