Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Monday's action: The S&P 500 declined just 1 point on Monday, as shares of financial stocks pulled back following another round of bank earnings. Despite the slight decline, the S&P 500 managed to close above the 2900 level again. Several key earnings reports are due out tomorrow.News to keep in mind Tuesday morning: Futures trade vs fair value were slightly higher late last night. Dow +38, S&P +3, Nasdaq +12, 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 down in the low teens. This is a 'risk-on'level.$BAC - Bank of America is due to report their before the market open. This may impact the financial sector.Today's Economic Calendar: 8:55 Redbook Chain Store Sales9:15 Industrial Production10:00 NAHB Housing Market Index2:00 PM Fed's Kaplan SpeechQuick Notes: (none)THE CHARTS: The markets were slightly lower on Monday. We are above the SPY 285 level, which is now support and just below the all-time highs which is resistance. The 20-day, 50-day and 200-day MAs are all 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 positive. The Stochastics are high/overbought. The Money Flow is positive. NOTE: Due to the Stochastics being overbought, we could have short-term pullbacks, but currently they should be bought as the MACD, the Money Flow, and other technicals are all positive. Once the stochastics are no longer showing overbought I expect the uptrend to continue. The 50-day MA (279.46)(+.43) and the 200-day MA (273.62)(+.13) are both support levels. On the 9-month chart below, the previous patterns are behind us. Shown now IS the support level at 280. We are now right at the next area of resistance at 290. Above this the all-time high. Nasdaq Composite +20.2% YTDRussell 2000 +17.1% YTDS&P 500 +15.9% YTDDow Jones Industrial Average +13.1% YTD $SPY $DIA $IWM $QQQ $BAC 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.