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 Monday morning: Futures trade vs fair value were trading higher late last night. --- The stimulus bill was signed / passed.Dow +160, S&P +24, Nasdaq +75, Russell +27. (12:20 am ET).We look good technically - But use "Caution" message has been on here for a while for a reason. (Quick sell-offs and/or getting overbought are a possibility at anytime - so we continue to leave this note).The biggest factors in the market right now are; Coronavirus headlines, the US economy, the Global Economy, and political drama.Watch the VIX - (CBOE Volatility Index) - Currently back in the low 20s, keep an eye on it for short-term clues. Today's Economic Calendar: 10:30 AM ET, Dallas Fed Survey of Manufacturing Activity for December. This is the last of regional manufacturing surveys for December. 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 went a bit higher to end the holiday shortened week. There were no changes to our chart indicators. The futures are up on the stimulus bill being signed. We may challenge the resistance/top line area on our chart. Technically alone we are doing well. The resistance level near SPY 372 and the minor support level near SPY 362 may be the upper and lower boundaries of a trading range."The possibility of a consolidation, sideways market, or pullback of some kind may happen at some point." But not necessarily. Positive momentum and easy money can keep driving us to new highs.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: None. POSITIVES: The MACD is positive.The Money Flow is positive.We are over the 20-day moving average, which is rising.We are over the 50-day moving average, which is rising.We are over the 200-day moving average, which is rising. NEGATIVES: Possible market top?* Note: The 50-day moving average has gotten way ahead of the 200-day. This can be an overbought issue.What about the Fundamentals, Valuations, Virus news, the Economy, Jobs, Election issues, Politics, The FED, etc.?Some things out there to worry about still! Or a wall of worry to climb as the saying goes. OPINION: Currently we are above the 20-day, 50-day and 200-day MAs. (Bullish).The possibility of making new highs is on the table as the technicals are looking well.SPY 362.5 acted as support recently and is a level to watch.Charts alone without thinking about the Fed, politics, vaccine, virus, etc looks positive.But those things should be kept in mind.We see the possibility of staying in a SPY 362 - 372 trading range for a while.We still say "Use Caution" for a reason. Do not over risk yourself or over leverage yourself.We are still susceptible to large drops or dips.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/declining. The Stochastics are high/neutral. The Money Flow is positive. MA +/- (slope): The 50-day MA (354.42)(+0.45) and the 200-day MA (317.86)(+0.69) The 8-month chart (below). We are above the SPY 360 which is becoming minor support and well above strong support at 340. The market has been making an impressive up-channel since May. Technically looking well. 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: $AUPH - Aurinia Pharma (Their Lupus drug is on a path to approval), $EPZM - Epizyme, $EXEL - Exelixis, $HZNP - Horizon Therapeutics (A big winner for us this year/tripled), $IOVA - Iovance, $KPTI - Karyopharm, $SGMO - Sangamo, $TGTX - TG Therapeutics (Our Top Pick!).Tech Picks: $CRWD - CrowdStrike (Although be aware it has a high valuation now). * 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. .