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 higher late last night. Note: Some weakness after the Democrats pass their stimulus plan in the house. Unemployment report due out in the morning.Dow -75, S&P -11, Nasdaq -27, Russell -1. (10:05 pm ET).We still look good technically (As long as SPY 320 holds) - 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, remains in the mid-20s. Today's Economic Calendar: 8:30 AM: Employment Report for September. The consensus is for 850 thousand jobs added, and for the unemployment rate to decrease to 8.2%.10:00 AM: University of Michigan's Consumer sentiment index (Final for September). The consensus is for a reading of 92.0. 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 ended higher on the day Thursday, led by the tech stocks once again. The tech heavy Nasdaq lead the day with gains and pulled the Dow and S&P 500 along. On our charts we had 2 changes to the indicators. The MACD improved to a neutral and has continued to curl upwards. (Bullish signal). In addition, the Stochastics have become neutral/high and getting closer to being to high/overbought. We are currently in a large trading range between SPY 320 and SPY 340. We consider SPY 320 is a strong support area and will hold. At the same time, the 320 line could also be used a stop out point or a buy point depending on your point of view and/or risk tolerance. The 340 resistance line could be used to take profits or lighten up some positions. * 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 MACD has improved to neutral.The Stochastics have gotten up to neutral/high.We have stayed back above the 50-day moving average. POSITIVES: We are over the 50-day moving average, which is rising.We are over the 200-day moving average, which is rising. NEGATIVES: We are below the 20-day moving average.The Stochastics are getting higher.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 still above the 200-day MAs. (Bullish). Back above the 50-day MA. (Bullish).We see a sideways / slightly higher - range bound type of market for the moment.SPY 320 as support and SPY 340 as resistance.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 with a level of uncertainty.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 neutral/curling up. The Stochastics are neutral/high. The Money Flow is slightly positive. MA +/- (slope): The 50-day MA (334.35)(+0.23) and the 200-day MA (307.95)(+0.12) The 9-month chart (below). We are well above the 200-day moving average (307.95) which is strong support. (Bullish). We are above the SPY 320 line, which is a strong support level. While SPY 340 appears to be strong resistance. 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, TGTX - TG Therapeutics (Our Top Pick!).If your thinking longer-term/income: T - AT&T, XOM - ExxonMobil - high dividend yields.Tech Picks: CRWD - CrowdStrike (Although be aware it has a high valuation now), 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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