Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Thursday's action: The S&P 500 lost 1 point on Thursday. Strong earnings reports from Facebook ($FB 193.26, +10.68, +5.9%) and Microsoft ($MSFT 129.15, +4.14, +3.3%) helped the broader market overcome weakness coming from 3M ($MMM 190.72, -28.36, -13.0%) and other industrial stocks. News to keep in mind Friday morning: Futures trade vs fair value were slightly lower late last night. Dow -26, S&P -4, Nasdaq -36, Russell -1.The biggest factors in the market right now are; Global Economy, China trade talks, Fed speak, and the US Treasury markets.Keep an eye on the VIX - The Vix is down in the low teens. This is a 'risk-on' level.Today's Economic Calendar: 8:30 GDP Q110:00 Consumer Sentiment1:00 PM Baker-Hughes Rig CountQuick Notes: (none)THE CHARTS: The markets were mixed on Thursday with the S&P nearly unchanged. We have stayed above the SPY 285 level, which is now support and we have stayed above the 290 level a few times now which may also become support. Being above the all-time high now, there is no fixed point of resistance above us. The 20-day, 50-day and 200-day MAs are all rising. This is a good sign for the market technically when the moving averages are all headed in an upward sloping direction. The MACD is positive. The Stochastics are neutral. The Money Flow is positive. The 50-day MA (282.30)(+.38) and the 200-day MA (274.38)(+.09) are both support levels. On the 9-month chart below, the previous patterns are behind us. Shown now is the support levels at 280 and 290. We are now right at the area of the all-time highs. Nasdaq Composite +22.4% YTDRussell 2000 +16.8% YTDS&P 500 +16.7% YTDDow Jones Industrial Average +13.4% YTD$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.