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 a bit lower late last night.Dow -74, S&P -9, Nasdaq -2, Russell -2. (8:40 pm 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/reopening, the US economy, interest rates, the Global Economy, any political drama.Watch the VIX - (CBOE Volatility Index) - The Vix jumped on the sell-off Thursday, but even so it is still in the low 20s. Low 20s is not an issue/panic. Today's Economic Calendar: 8:30 AM ET, Chicago Fed National Activity Index for February. This is a composite index of other data.9:00 AM, Discussion, Fed Chair Powell, How Can Central Banks Innovate in the Digital Age?, At the Bank for International Settlements Innovation Summit10:00 AM, Existing Home Sales for February from the National Association of Realtors (NAR). The consensus is for 6.50 million SAAR, down from 6.69 million. Housing economist Tom Lawler expects the NAR to report sales of 6.29 million SAAR for February. THE CHARTS: (NOTE: Charts are a good guide, but news items can move the markets around.) BRIEFING: Markets were mixed again on Friday, with very little change to our chart indicators. The MACD and the Money Flow are holding on to slight positive readings as the Stochastics have come back down to neutral. We are currently in a SPY 380-395 trading range on the 4-month chart. Recently we mentioned two Scenarios: 1) We break above to new highs over the SPY 395 resistance line, or 2) we get turned around for now and stay within a trading range. At the moment, the second possibility is winning. Keep both possibilities in mind when making your trades. Questions to ask oneself before the trade: How well is the economy is reopening? What does the stimulus deal passing mean? Will treasury yields stay low/stabilize? Will stimulus checks going to the 'Robinhood' kids add volatility to the markets? Positives: We are still above the 50-day moving average and well above the SPY 380 support level.Note: The Russell 2000 (small caps) are still leading the markets so far this year. Up 15% YTD now!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 have come back down from high/overbought to a neutral reading.We have backed down a bit from recent highs and are currently in a trading range. POSITIVES: The MACD is positive.The Money Flow is slightly 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: Possible market top or trading range?Thinking about the Fundamentals, Valuations, Virus news, the Economy, Jobs, 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 MACD is positive. (Bullish).We are in trading range of SPY 380-395 with both bullish and bearish indicators, but we could still break out to new highs.Technically we are looking fairly well.With current stimulus, low rates, and the economy reopening from Covid, a recovery and the previous uptrend is resuming and new highs are possible!BUT... There is also a chance we pullback a bit and settle into a trading range for some time. Risks to the markets still remain.IF/When will the Fed and stimulus sugar rush run out?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. * Be careful if using MARGIN at this time, be certain of your trade! *INDICATORS: The MACD is positive. The Stochastics are neutral. The Money Flow is slightly positive. MA +/- (slope): The 50-day MA (384.13)(+0.42) and the 200-day MA (348.30)(+0.40) The 8-month chart (below). We are above the SPY 380 support level. The market continues to climb in an impressive up-channel. STOCKS: < Favorites & Trade Ideas > <-- Click here for some quotes, details, news and previous opinions on our Favorites and Trade Ideas lists! Current trading favorites: $AUPH - Aurinia Pharma (Lupus drug has been FDA approved!), $EPZM - Epizyme, $EXEL - Exelixis, $HZNP - Horizon Therapeutics (A big winner for us last year), $IOVA - Iovance (Dropped from 50 to low 30s, good time to buy), $KPTI - Karyopharm, $SGMO - Sangamo, $TGTX - TG Therapeutics (Our Top Pick!).Tech Picks: $CRWD - CrowdStrike (Although be aware it has a high valuation now).Also watching: $IMGN, $TRIL, $VKTX. * 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)! 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