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 Thursday morning: Futures trade vs fair value were trading a bit higher late last night. Less virus deaths and more re-opening optimism.We have gone above the 200-day moving average - this is a big technical win for the markets.We have some Economic news to study today! Unemployment and GDP #s.Dow +210, S&P +11, Nasdaq -18, Russell +13. (Nasdaq a bit weaker again).The biggest factors in the market right now are; Coronavirus headlines, how/when the economy will re-open, the Fed, the Global Economy and Global Geopolitical conflicts.Keep an eye on the VIX - (CBOE Volatility Index) - (27.62). It is still elevated, but well off the higher panic like levels and is drifting lower. Today's Economic Calendar: 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a 2.100 million initial claims, down from 2.438 million the previous week.8:30 AM, Gross Domestic Product, 1st quarter 2020 (Second estimate). The consensus is that real GDP decreased 4.8% annualized in Q1, unchanged from the advance estimate of -4.8%.8:30 AM, Durable Goods Orders for April from the Census Bureau. The consensus is for a 18.5% decrease in durable goods orders.10:00 AM, Pending Home Sales Index for April. The consensus is for a 15% decrease in the index.11:00 AM, the Kansas City Fed manufacturing survey for May. This is the last of regional manufacturing surveys for May. THE CHARTS: (NOTE: Charts are a good guide but when a tweet or news item can jerk the markets around, they mean a bit less.) BRIEFING: The markets had a big day higher with a late day surge. We have finally crossed above the 200-day moving average and SPY 300! The next line of strong resistance is at SPY 310.With the rally, we have some positive changes to our charts. The MACD improved to positive and the Money Flow from neutral to slightly positive. With the exception of the Stochastics, which are a bit high, the market technically looks really good. The 50-day moving average can now be seen rising noticeably. This is bullish.* Don't risk to much, there is still a lack of CERTAINTY in the markets. * 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: We are over the 200-day moving average. (Bullish).The MACD improved to positive. (Bullish).The Money Flow improved to slightly positive. (Bullish). POSITIVES: We are over the 20-day moving average.We are over the 50-day moving average.The 50-day moving average is rising.We are over the 200-day moving average.The 200-day moving average is rising. NEGATIVES: What about the fundamentals?The Vix is still high / above 20. OPINION: Currently we are above the 50-day and 200-day MAs. (Bullish).The 20, 50, and 200-day MAs are all heading higher now. (Positive slopes). This is bullish!Technically the market is in great shape and appears solidly bullish. Just keep in mind the fundamentals are questionable currently.Be aware that we are still susceptible to large drops or dips with a level of uncertainty.Look for trading opportunities that could result due to higher volatility!Have your trading lists ready. * Using caution = Do not use MARGIN at this time unless absolutely certain of your trade! *INDICATORS: The MACD is positive. The Stochastics are high/overbought. The Money Flow is slightly positive. MA +/- (slope): The 50-day MA (274.28)(+1.30) and the 200-day MA (297.41)(+0.08) On the 9-month chart below, we are looking at a severe and quick drop of the market and then a rebound. About half the losses were recovered and then a sideways period brings us to where we are today. The 280 line is now considered good support. It is a good technical sign for the markets that we have stayed above 280. We finally got over and above the 200-day moving average and SPY 300. (Bullish). * Continue to use caution - Still many unknowns. * STOCKS: (Our most recent FULL TRADING LIST is posted here). Current favorites: $AMRN - Amarin, $AUPH - Aurinia Pharma, $BFYT - Benefytt Tech, $COLL - Collegium, $EPZM - Epizyme, $EXEL - Exelixis, $HZNP - Horizon Therapeutics (new all-time highs), $IOVA - Iovance, $IMMU - Immunomedics (FDA approval recently!), $KPTI - Karyopharm, $TGTX - TG Therapeutics (Positive drug trial results recently!)If your thinking longer-term/income: $T - AT&T is worth a look - high dividend yield.Tech Pick: , $CRWD - CrowdStrike. * 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. .Are you interested in trading stocks to supplement your income or make a living? Maybe become a professional trader? Many traders have the skills and nerves to trade, but not the upfront capital.Well now that problem is solved!Try2BeFunded has expanded its trading program! If you're a novice or experienced trader, you can earn access to a trading account with up to $100,000! To learn more about how to qualify, click HERE and give it a shot! You have nothing to lose it is free to try. .