February 20 2026 Trader Market Radar – NYSE Pre-Market Session

SPY Weekly View

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Holiday Radar

No U.S. market holidays pending in the next 7 days.

Earnings Radar

Monitoring for earnings releases by the Magnificent 7, AI-tech-related firms, and major financial institutions.

• CRM Release: 2026-02-26 T:AMC
• NVDA Release: 2026-02-25 T:AMC
• SNOW Release: 2026-02-25 T:AMC

Looking ahead to the next week, market participants are closely watching the upcoming after-market earnings releases from key AI and tech names: NVIDIA (NVDA) and Snowflake (SNOW) both report on February 25, followed by Salesforce (CRM) on February 26. With these high-profile companies set to release results, especially NVDA—a major MAG7 component and AI sector bellwether—indices futures may experience slowing momentum and lower volume in the days preceding the announcements. This pattern reflects typical caution as traders await clarity from pivotal earnings reports that could drive significant moves in the broader tech sector and, by extension, the indices themselves. Market participants should be aware that trading activity and volatility often pick up sharply around the release times, especially if results diverge from expectations, due to the considerable influence these companies have on index weights and sentiment across the AI and technology landscape.

For full details visit: Yahoo Earnings Calendar

EcoNews Radar U.S. Events

EcoNews Summary

• 08:30 – USD Advance GDP q/q: High-impact data release will provide an updated read on US economic growth. Surprises to the upside can fuel bullish sentiment in equity index futures, while disappointments may weigh on risk assets. Markets may react sharply given the forward-looking nature of this report.
• 08:30 – USD Core PCE Price Index m/m: As the Fed’s preferred inflation gauge, this report is closely watched. Hotter-than-expected readings could increase anticipation of a more hawkish Fed, which may pressure indices. A cooler print may support a positive move for equities.
• 09:45 – USD Flash Manufacturing PMI: Early read on factory activity. Strength in manufacturing could support cyclical stocks and index futures, while weakness may ignite growth concerns.
• 09:45 – USD Flash Services PMI: The services sector is a major driver of the US economy. An upbeat result often buoys risk appetite; a weaker outcome can spark volatility and concerns over domestic demand.

EcoNews Conclusion

• Index futures are likely to see increased volatility and directional moves clustered around the 08:30 and 09:45 releases, with traders closely parsing data for growth and inflation signals.
• News events published near the 10 AM time cycle often act as a catalyst for reversals or continuations, so monitor price action following these releases for potential shifts in market momentum.
• This session’s core data is especially market-moving as it covers both economic growth and inflation, themes at the center of current market drivers.

Market News Summary

• Geopolitical Risks: Rising tensions between the U.S. and Iran have pushed oil to 6-7 month highs, causing volatility in equities. The Dow has declined over 260 points, and the S&P 500 is struggling at resistance as the market focuses on potential U.S. military action and the associated security premium in oil prices.
• Commodities: Oil remains in a bullish trend, benefiting from a breakout pattern and geopolitically driven supply risks. Gold has seen mixed action—remaining above $5,000 on safe-haven flows, but experiencing some short-term weakness and adjustments below key technical averages. Silver is consolidating but targets higher levels, supported by bullish technical signals.
• Indices Futures: U.S. stock futures, including the Dow Jones, S&P 500, and Nasdaq 100, have been mixed. After a negative close, futures edged higher ahead of Q4 GDP and key inflation data, but overnight weakness returned as geopolitical worries and economic uncertainty weighed on sentiment.
• Macro Developments: Trade deficit headlines reflect mixed views; U.S. reported one of the largest annual deficits since 1960, and businesses are moving supply chains away from China due to tariffs. The Supreme Court’s upcoming tariff decision and ongoing debates over Big Tech spending and crypto regulation are also drawing focus.
• Federal Reserve & AI: Fed officials see policy “in a good place,” while investors and central bankers are evaluating artificial intelligence’s economic impact. High-profile investors have shown renewed interest in technology ETFs, citing growth potential.
• ETF, Dividend, and Fund News: Dividend growth and gold ETFs are attracting investor attention, with long-term inflows persisting despite recent price volatility.

News Conclusion

• U.S.-Iran tensions are the primary driver of current market volatility, elevating oil prices and pressuring global equities, especially the Dow Jones and S&P 500.
• Safe-haven demand for gold and silver remains strong, though with short-term price fluctuations and position adjustments.
• Indices futures reflect a balancing act between geopolitical risks, macroeconomic uncertainty, and anticipation of key upcoming U.S. data.
• Trade, monetary policy, and AI developments are adding layers of complexity to market dynamics as traders assess impacts on sectors and asset classes.
• ETF flows and sector rotations suggest ongoing adaptation to shifting risk landscapes and policy backdrops.

Market News Sentiment:

Market News Articles: 28

• Neutral: 50.00%
• Positive: 28.57%
• Negative: 21.43%

Sentiment Summary: Out of 28 market news articles, half conveyed a neutral stance (50.00%), while positive coverage accounted for 28.57% and negative coverage made up 21.43%.

The prevailing sentiment in recent market news is predominantly neutral, with a greater portion of positive articles compared to negative ones among those expressing a view.

GLD,Gold Articles: 15

• Neutral: 40.00%
• Positive: 40.00%
• Negative: 20.00%

Sentiment Summary: Of the 15 recent articles on GLD and Gold, sentiment is evenly split between neutral (40%) and positive (40%), with the remaining 20% reflecting a negative tone.

The current news sentiment suggests a balanced view in the coverage, with cautious optimism present but also notable discussion of potential risks.

USO,Oil Articles: 16

• Positive: 56.25%
• Neutral: 25.00%
• Negative: 18.75%

Sentiment Summary: The majority of recent news articles related to USO and oil display a positive sentiment (56.25%), with a smaller portion being neutral (25.00%) and an even smaller share reflecting negative sentiment (18.75%).

Conclusion: Overall, current market news coverage for USO and oil leans positive, with a notable reduction in negative sentiment.

Market Data Snapshot

ETF Snapshot of major stock market ETFs, Mag7, and others as of: February 20, 2026 07:16

• USO 81.19 Bullish 2.25%
• IBIT 38.07 Bullish 1.41%
• GLD 459.56 Bullish 0.28%
• META 644.78 Bullish 0.24%
• IWM 264.60 Bullish 0.23%
• TLT 89.62 Bullish 0.10%
• TSLA 411.71 Bullish 0.09%
• AMZN 204.86 Bullish 0.03%
• IJH 71.66 Bearish -0.01%
• NVDA 187.90 Bearish -0.04%
• GOOG 303.56 Bearish -0.12%
• SPY 684.48 Bearish -0.26%
• MSFT 398.46 Bearish -0.29%
• QQQ 603.47 Bearish -0.38%
• DIA 494.38 Bearish -0.53%
• AAPL 260.58 Bearish -1.43%

Higher Time Frame Analysis

Summary of the current state of US Indices Futures based on higher time-frame (HTF) technical analysis as of: 2026-02-20: 07:16 CT.

US Indices Futures

• ES Bullish YSFG, mixed MSFG/WSFG, price above long-term MAs, consolidating near swing highs/resistance 7043, key support at 6738, overall long-term uptrend with intermediate-term pause.
• NQ Neutral WSFG, bearish MSFG/YSFG, price below intermediate/long MA benchmarks, swing pivots show short-term downtrend, resistance at 26349, supports at 24319–23935, corrective phase after strong rally.
• YM Weekly uptrend, bullish MSFG/YSFG, neutral WSFG, price above major MAs, swing pivots show higher highs/lows, short-term consolidation, support at 49041, resistance at 50611, healthy long-term trend.
• EMD Strong bullish YSFG/MSFG/WSFG, price at new highs above all MAs, swing pivots confirm uptrend, next support at 3512.2, continuous rally environment with no reversal signals.
• RTY Bullish across YSFG, MSFG, WSFG, price above all major MAs, uptrend in swing pivots, current swing high 2749.2, support at 2558, sustained rally phase with higher highs/lows.
• FDAX Weekly intermediate/long-term bullish, short-term neutral, uptrend above all MAs, pivot high at 25641, support at 24981/24226, consolidation after rally with continued strength in daily timeframe.

Overall State

• Short-Term: Mixed (bullish: EMD, RTY, FDAX-daily; neutral: ES, NQ, YM, FDAX-weekly; bearish: YM-daily, ES-daily, NQ-daily)
• Intermediate-Term: Bullish (YM, EMD, RTY, FDAX), Neutral (ES), Bearish (NQ, ES-daily, NQ-daily)
• Long-Term: Bullish (ES, NQ, YM, EMD, RTY, FDAX), Bearish (ES-daily, NQ-daily)

Conclusion

US Indices Futures display robust bullish structures on higher timeframes, with YSFG and MSFG trends up for EMD and RTY, and long-term uptrends intact for ES, YM, and FDAX. Intermediate-term pauses are present in ES and NQ, with current consolidation phases and some pullbacks from recent highs. NQ and ES daily charts show intermediate and long-term bearish structure with resistance clusters capping rallies, while weekly charts maintain uptrend support. YM, EMD, RTY, and FDAX daily data reflect strong bullish momentum above key NTZ/F0% and swing supports. Key benchmarks and swing pivots highlight potential inflection zones, with volatility and volume generally moderate, supporting ongoing trend evolution. In summary, overall long-term strength persists, but short-term and intermediate corrections or consolidations are evident in select indices, especially ES and NQ; trend continuation is supported in mid- and small-cap indices and European equity futures. Directional correlations show leading strength in EMD and RTY, while ES and NQ are lagging on shorter timeframes.

Note: Intra-day counter-trend pullbacks or retracements may occur, HTF is context for informational usage and market structure. Glossary: Session Fib Grids periods of YSFG:’Yearly’, MSFG:’Monthly’, WSFG:’Weekly’

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Tech Weekly View

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