Price Action Warnings From the MAG 7 and Technology Stocks

Welcome back everyone to Stock Market Weekly Episode #819 for Monday, February 23, 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

GLDBitcoinMAGSTreasuriesVIX

Stocks covered

AAPLMSFTMETANVDAAMZNTSLAGOOGVRTSTXBESEI

In this week’s episode

This week’s episode highlights a market stuck in a range but undergoing a notable shift beneath the surface. While SPY and QQQ remain sideways, defensive sectors like XLP and XLU are gaining strength as yields fall, even as the MAG 7 show increasing technical weakness. We discuss what this rotation and rising volatility could mean for near-term market direction.

We also cover the deteriorating charts of key mega-cap leaders and why that matters for the broader indexes. Despite the pressure in big tech, market breadth remains resilient, keeping opportunities alive for selective traders. The episode wraps with a tactical perspective on Bitcoin via IBIT and the importance of adapting to changing leadership.

Video episode timestamps

• 0:00 Introduction – key events from this week’s trading
• 2:26 Index returns, sector analysis, and market breadth
• 4:34 Major indices price action analysis (SPY, QQQ, IWM)
• 9:40 Bitcoin tactical trade setup
• 13:58 MAG 7 stock analysis
• 21:42 Treasury bonds and small caps update
• 22:09 Momentum model portfolio review and stock picks

We hope that you enjoyed this week’s episode, and look forward to having you back next week!