Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Thursday's action: The S&P 500 gained just under 6 points on Thursday, wavering between small gains and losses during the day as high-level trade talks continued in Washington. The index advanced for the sixth straight session, eking out a new closing high for the year.News to keep in mind Friday morning: Lots of talk about a possible trade deal.Futures trade vs fair value were slightly higher late last night - Dow +36, S&P +3, Nasdaq +6, Russell +2.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 Vix is still down in the teens. This is a 'risk-on'level. Today's Economic Calendar: 8:30 Non-farm payrolls1:00 PM Baker-Hughes Rig Count3:00 PM Consumer Credit3:30 PM Fed's Bostic: “Disruption and Opportunity: Shaping Policy in a Digital World”Quick Notes: $TSLA Tesla (TSLA 267.78, -24.03, -8.2%), disappointed investors after it reported a 31% decline in Q1 deliveries and said the results will negatively affect the company's Q1 net income.Tiger's Take: "Abandon Ship!" .... before its to late.THE CHARTS: The markets were slightly higher on Thursday. We are now well above the SPY 280 level, which is now support. The 285 line is now where the next fight was taking place. For the moment we have hurdled above that level and potentially 285 will also become support. Both the 50-day and 200-day MAs are rising. This is a good sign for the market technically when the moving averages are all headed in an upward sloping direction. The MACD is neutral - and appears to be trying to make a cross upwards. The Stochastics are overbought. The Money Flow is a slight positive.Due to the Stochastics being overbought, we could have a dip, but it should be bought as the MACD, the Money Flow, and other technicals are all positive. The 50-day MA (276.15)(+.50) and the 200-day MA (272.93)(+.07) are both support levels. On the 9-month chart below, the previous patterns are behind us. Shown now IS the support level at 280 with the next area of resistance at 290. Above that is the all-time high. Nasdaq Composite +18.9% YTDRussell 2000 +16.2% YTDS&P 500 +14.9% YTDDow Jones Industrial Average +13.1% 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. 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.