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 on re-opening hopes. Oil prices climbed above $30.If we can stay above SPY 280 that would be a huge win for the market. It has been close, but so far we have held. Dow +210, S&P +24, Nasdaq +57, Russell +25.Still unpredictable! But we have successfully held above the SPY 280 support level and the 50-day moving average.The next level up is the more difficult level to cross we think - the 200-day moving average.The biggest factors in the market right now are; Coronavirus headlines, how/when the economy will re-open, the Fed, the Global Economy and Global Geopolitical conflicts.Keep an eye on the VIX - (CBOE Volatility Index) - (31.89). This spiked up a bit this week so far with the pullback we have had. We want it under 20. Today's Economic Calendar: 10:00 AM ET, The May NAHB homebuilder survey. The consensus is for an increase to 33 from 30 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. 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 had a buy the morning dip and slide higher day on Friday. We had 2 new positive changes to our charts. The Money Flow has turned to a slight positive now after 2 back to back buy the dip days. Also it appears the Stochastics have bottomed and have started to cycle up. Also good news is we held our SPY 280 support level. The next level of resistance above us is the 200-day moving average (297.03). This level could be strong resistance as it is a heavily watched and significant level. It is no coincidence that the market recently got turned back just below this level. * We could be in a large trading range for a while with 200-day MA as the top line and the 50-day MA as the bottom line. * 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 Money Flow improved to slightly positive. POSITIVES: We are over the 20-day moving average.We are over the 50-day moving average.We have held above support at 280. NEGATIVES: We are under the 200-day moving average.The Vix is still high / above 20. OPINION: Currently we are above the 50-day MA and SPY 280. Very good.280 is currently support. Bullish if it holds.Next resistance level is the 200-day MA.Overall, on a technical basis we are in good shape.Be aware that we are susceptible to large drops or dips with the current level of uncertainty.Look for trading opportunities that could result due to higher volatility!Have your trading lists ready. * Using caution = Do not use MARGIN at this time unless absolutely certain of your trade! *INDICATORS: The MACD is neutral. The Stochastics are neutral. The Money Flow is slightly positive. MA +/- (slope): The 50-day MA (270.36)(-0.29) and the 200-day MA (297.03)(-0.04) On the 9-month chart below, we are looking at a severe and quick drop of the market and then a rebound. About half the losses were recovered and then a sideways period brings us to where we are today. The 280 line is now considered as support. It is a good technical sign for the markets that we have stayed above 280. * Continue to use caution - Still many unknowns. * STOCKS: (Our most recent FULL TRADING LIST is posted here). Updated May 10th. Current favorites: $AMRN - Amarin, $AUPH - Aurinia Pharma, $BFYT - Benefytt Tech, $COLL - Collegium, $EPZM - Epizyme, $EXEL - Exelixis, $HZNP - Horizon Therapeutics, $IOVA - Iovance (buyout rumors), $IMMU - Immunomedics (FDA approval last week!), $KPTI - Karyopharm, $TGTX - TG Therapeutics (Positive drug trial results last week!)If your thinking longer-term/income: $T - AT&T is worth a look - high dividend yield.Tech Pick: , $CRWD - CrowdStrike. * 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. 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