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 Friday morning: Futures trade vs fair value were trading lower late last night. Note: We have been saying the Stochastics are reading overbought for a few days now.Employment Report today!! This could impact the markets.Dow -150, S&P -15, Nasdaq -60, Russell -4. (12:35 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 or not, the Global Economy, China, and upcoming elections.Watch the VIX - (CBOE Volatility Index) - remains a bit elevated, but we are now under 25 on the Vix and have drifted lower as stocks continue to move higher. Today's Economic Calendar: 8:30 AM ET, Employment Report for July. The consensus is for 1.58 million jobs added, and for the unemployment rate to decrease to 10.7%. 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: Stocks had another up day continuing the momentum higher on Thursday. (Again!) * The Stochastics are even more overbought now. * The Stochastics are a short-term type indicator so this may signal we need a brief pause or pullback along the way sometime soon. The Money Flow is excellent! A very high reading there. Technically speaking besides the Stochastics showing we are short-term overbought we look good. * 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: The Stochastics are more overbought. POSITIVES: The Money Flow is a very strong 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: Stochastics are showing overbought.What about the Fundamentals? Virus, Economy & Jobs, Elections, Politics, The FED, and China troubles?A lot to think and worry about.The Vix is still a bit 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 20, 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 overbought. The Money Flow is strong positive. MA +/- (slope): The 50-day MA (315.48)(+0.64) and the 200-day MA (302.67)(+0.19) The 9-month chart (below). We are above the 200-day moving average (302.48) which is strong support. (Bullish). Also above SPY 320 which is now a support level. 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 (Their Lupus drug is on a path to approval), EPZM - Epizyme, EXEL - Exelixis, HZNP - Horizon Therapeutics (Just made a new all-time high!), IOVA - Iovance (Is at an attractive buy level), IMMU - Immunomedics (Buyout possibility + been making new all-time highs!). KPTI - Karyopharm, TGTX - TG Therapeutics (Our Top Pick!).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! 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