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 Tuesday morning: Futures trade vs fair value were trading slightly higher last night.Dow +35, S&P +7, Nasdaq +14, Russell +7. (12:20 am ET).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).The Vix has dropped to the mid-teens. This is a sign of risk being put back on. Today's Economic Calendar: 8:30 AM ET, Retail sales for May is scheduled to be released. The consensus is for 0.4% decrease in retail sales.8:30 AM, The Producer Price Index for May from the BLS. The consensus is for a 0.6% increase in PPI, and a 0.6% increase in core PPI.8:30 AM, The New York Fed Empire State manufacturing survey for June. The consensus is for a reading of 22.0, down from 24.3.9:15 AM, The Fed will release Industrial Production and Capacity Utilization for May. The consensus is for a 0.6% increase in Industrial Production, and for Capacity Utilization to increase to 75.1%.10:00 AM, The June NAHB homebuilder survey. The consensus is for a reading of 83, unchanged from 83 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. THE CHARTS: (NOTE: Charts are a guide, do other research as well.) BRIEFING: The S&P 500 finished Tuesday higher and made another new high again. The market itself was mixed. There were no new changes to our chart indicators, but the Stochastics are still showing an overbought condition. However, we also notice the MACD and the improved Money Flow are positive and doing well. ** FED meeting this week and press conference by Chairman Powell. (What they say about inflation and how the economy is doing could swing the markets. We are now a good bit above the SPY 420 line, which was a tough resistance area to get over. If we get a pullback, there is a chance that 420 mark would then become support. On the longer term 8-month chart the trend is still positive. The longer-term uptrend is still intact. * If you have any questions or opinions 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: New SPY record high. POSITIVES: The MACD is positive.The Money Flow is slightly positive.We are over the 20-day moving average.We are over the 50-day moving average, which is rising.We are over the 200-day moving average, which is rising. NEGATIVES: The Stochastics are overbought.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. OPINIONS: Longer-term we are still bullish. The 8-month chart shows a strong uptrend.Short-term it looks like we may try to make new highs.Some risks to the markets still remain.Longer-term question to ask? When will the Fed's easy money and the stimulus sugar run out?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 slightly positive. MA +/- (slope): The 50-day MA (416.21)(+0.49) and the 200-day MA (376.22)(+0.41) The 8-month chart (below). We are above the SPY 403 support level and over the 420 former resistance level. The market continues to climb in an impressive up-channel. Longer-term things still look good. STOCK PICKS: (For trades and/or investments.) Current trading favorites: AUPH - Aurinia Pharma, EPZM - Epizyme, EXEL - Exelixis, HZNP - Horizon Therapeutics (A big winner for us last year), IOVA - Iovance (Under 30 is a good place to buy), 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.)Also watching: IMGN, VKTX. * TGTX is oversold and a great buy at current levels. * * 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. .