Brief Recap and Updates on the MarketsSPY Charts and some Technical Analysis In Friday's action: The S&P 500 gained 19 points on Friday, as a strong earnings report from JPMorgan Chase (JPM 111.21, +4.98, +4.7%) and a positive response to Walt Disney's (DIS 130.06, +13.46, +11.5%) upcoming streaming service helped the index close above the 2900 level for the first time since early October.News to keep in mind Monday morning: Futures trade vs fair value were near unchanged late last night. Dow +3, S&P -1, Nasdaq -6, Russell -0.The biggest factors in the market right now are; Global Economy, China trade talks, Fed speak, and the US Treasury markets.Keep an eye on the VIX - The Vix is down in the low teens. This is a 'risk-on' level.Today's Economic Calendar: 08:30 Empire State Manufacturing Apr16:00 Net Long-Term TIC Flows FebQuick Notes: $CVX $APC The S&P 500 energy sector (+0.2%) was another area of interest after Chevron (CVX 119.76, -6.23, -4.9%) announced plans to acquire Anadarko Petroleum (APC 61.78, +14.98, +32.0%) for $65 per share, or $33 billion, in cash and stock. The 39% premium from APC's Thursday closing price fueled gains in smaller energy companies.THE CHARTS: The markets were higher on Friday as it gained after positive big bank earnings. The SPY closed over 290! We are above the SPY 285 level, which is now support and just below the all-time highs which is resistance. The 20-day, 50-day and 200-day MAs are all rising. This is a good sign for the market technically when the moving averages are all headed in an upward sloping direction. The MACD is positive. The Stochastics are high/overbought. The Money Flow is positive. NOTE: Due to the Stochastics being overbought, we could have short-term pullbacks, but currently they should be bought as the MACD, the Money Flow, and other technicals are all positive. Once the stochastics are no longer showing overbought I expect the uptrends to continue. The 50-day MA (279.03)(+.42) and the 200-day MA (273.49)(+.09) are both support levels. On the 9-month chart below, the previous patterns are behind us. Shown now IS the support level at 280. We are right at the next area of resistance at 290. Above this the all-time high. Nasdaq Composite +20.3% YTDRussell 2000 +17.5% YTDS&P 500 +16.0% YTDDow Jones Industrial Average +13.2% YTD $SPY $DIA $IWM $QQQ $JPM $DIS 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. Follow us and check back occasionally for additional articles or comments. With our Daily Trackdowns, additional analysis/observations during the trading day in the comments by us or our readers.