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 lower late last night. Reminder: We are up at a strong resistance area. NOTE: Unemployment report due out this morning.Dow -80, S&P -11, Nasdaq -80, Russell -3. (1:10 am ET).We still look ok technically - But use "Caution" message has been on here for a while for a reason. (Quick sell-offs are a possibility at anytime - so we continue to leave this note).The biggest factors in the market right now are; the Fed, Coronavirus headlines, how the economy is re-opening, the Global Economy/China and upcoming elections.Watch the VIX - (CBOE Volatility Index) - remains elevated compared to historical standards, keep an eye on it reacts during sell-offs. Today's Economic Calendar: 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a 1.200 million initial claims, down from 1.314 million the previous week.8:30 AM, Retail sales for June is scheduled to be released. The consensus is for 5.5% increase in retail sales.8:30 AM, the Philly Fed manufacturing survey for July. The consensus is for a reading of 20.0, down from 27.5.10:00 AM, The July NAHB homebuilder survey. The consensus is for a reading of 60, up from 58. Any number above 50 indicates that more builders view sales conditions as good than poor. 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: We had a breakout above the SPY 320 resistance level on Wednesday on a fairly strong up day for the markets. However, we will leave this line on our charts as resistance for now, as it is a strong area of resistance. Besides the breakout above the 320 line there were no there changes to our charts. For now we are still considering this as being in a in SPY 310-320 trading range, until we stay above 320 for a decent amount of time. We are expecting the good technical support levels at the SPY 300 line and the 200-day moving average will hold on any dips. (But there are no guarantees). So use caution and keep an eye on it. Trade according to your own "risk tolerance". * 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: Broke above the SPY 320 level of strong resistance. (At least for now). POSITIVES: 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: What about the Fundamentals? Virus? Economy & Jobs? Politics? The FED? China trouble?The Vix is still high and may remain high for the foreseeable future. OPINION: Currently we are above the 20-day, 50-day and 200-day MAs. (Bullish).The 50 and 200-day MAs are both heading higher now. (Positive slopes). This is bullish.Technically the market is in good shape, but keep in mind the fundamentals are questionable currently and a bit unpredictable along with lingering virus fears to deal with. There is a cloud of uncertainty / a wall of worry to climb.Longer-term we look ok, but we say "Use Caution" for a reason. Do not over risk yourself or over leverage yourself.Be aware that we are still susceptible to large drops or dips with a level of uncertainty hanging over us!Look for trading opportunities that could result and have your trading lists ready. * Do not use MARGIN at this time unless absolutely certain of your trade! *INDICATORS: The MACD is positive. The Stochastics are neutral. The Money Flow is a slight positive. MA +/- (slope): The 50-day MA (304.10)(+0.79) and the 200-day MA (299.70)(+0.16) The 9-month chart (below). We are above the 200-day moving average and SPY 300. Which are good support levels. (Bullish). So far we have been holding these levels, a positive technically. SPY 310 is now a midpoint with the SPY 320 as strong resistance. We have peaked above 320, but will leave it marked as a resistance level until the breakout above it is confirmed/lasts a while. STOCKS: (Our most recent FULL TRADING LIST is posted here). < Favorites & Trade Ideas > <-- Click here for the quotes, details, news and opinions on our current Favorites and Trade Ideas! Current trading favorites: AMRN - Amarin, AUPH - Aurinia Pharma, BFYT - Benefytt Tech (CONGRATS! Just got bought out!), EPZM - Epizyme, EXEL - Exelixis, HZNP - Horizon Therapeutics (New all-time highs), IOVA - Iovance (Is at an attractive buy level), IMMU - Immunomedics (Buyout possibility + making new All-time highs!). KPTI - Karyopharm, TGTX - TG Therapeutics (Our Top Pick! + Making new All-time highs!).If your thinking longer-term/income: T - AT&T is worth a look - high dividend yield.Tech Picks: CRWD - CrowdStrike, DT - Dynatrace. * 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. Give Try2BeFunded a try! .