Nvidia Earnings Take Center Stage While Markets Frustrate Traders Sideways
Welcome back everyone to Stock Market Weekly Episode #820 for Friday, February 20, 2026 where we will be breaking down the most important trends, price action, and noteworthy moves across financial markets.
As always, we will share extensive analytics on the S&P500 (SPX), Nasdaq 100 (NDX), Russell 2000 (RUT), and current volatility environments.
Markets covered
USOGLDIEFTLTEEMXLRE
Stocks covered
IGVNVDAIRENCIFRWULFASTSPLNETFNNXT
Thanks to our sponsor Investor’s Business Daily
Claim a discount reserved for Trade Risk customers when you sign up for an IBD Digital Subscription and get access to their top IBD 50 stocks list. You can also trial the MarketSurge charting platform for a special introductory rate.
In this week’s episode
Markets delivered a frustratingly quiet week, with SPY and QQQ locked in tight ranges despite weak GDP data and fresh tariff headlines. Price action told the real story. Bonds pushed toward key levels near the 4% yield zone, credit markets showed subtle stress, and oil and gold stayed firm on geopolitical tension. The bigger takeaway. Indexes refuse to break while volatility holds elevated, leaving traders trapped in a sideways grind.
Attention now shifts to Nvidia earnings, a potential catalyst for the entire stock market. Semiconductor strength contrasts sharply with continued weakness in software, highlighting important rotation beneath the surface. Bitcoin remains tactical near support while selective opportunities emerge outside mega cap tech, particularly in energy and emerging markets.
Video episode timestamps
- 0:00 Introduction – Key Events From This Week’s Trading
- 0:47 Sponsor Mention and Upcoming Webinar
- 1:58 GDP Report and What It Means
- 2:41 Supreme Court Rules on Trump Tariffs
- 3:19 Interest Rates and the 4% Level
- 4:46 Oil Prices and US-Iran Tensions
- 5:32 Meta and Nvidia AI Deal Announced
- 7:18 Weekly Market Scorecard and Sector Recap
- 9:07 Market Breadth and Sector Rotation Breakdown
- 10:09 Bitcoin Trade Update
- 10:53 Next Week’s Economic Data to Watch
- 11:05 S&P 500 and Nasdaq Chart Analysis
- 15:06 Oil, Gold, and Bond Market Charts
- 16:01 Emerging Markets and International Stocks
- 16:41 Software Sector Looking Weak
- 19:24 Real Estate and Other Overlooked Sectors
- 20:21 Nvidia Earnings Preview
- 23:21 Trading Dashboard and Portfolio Snapshot
- 24:29 Two Stocks to Watch Right Now
We hope that you enjoyed this week’s episode, and look forward to having you back next week!
