📺 Watch the full video here:
Nvidia is set to report earnings today, February 25. It’s currently the largest component of the S&P 500, so I reviewed it alongside the four other top-weighted stocks in the index.
🔍 Highlights
1️⃣ NVDA — NVIDIA
Nvidia recently pushed through the 195–196 barrier that had been containing price. During last night’s Ticker Request Live broadcast, I discussed the likelihood of a breakout above that area based on the technical structure, including Gann astrology principles. That move is now beginning to unfold.
As long as the February 17 low remains intact, I expect further upside. The next price levels to monitor are 201.81, followed by 204.78, 208.49, and 212.19 over time if momentum continues.
However, if shares trade back below the February 17 low, that would shift the tone and raise the possibility of a return toward the September 5 range low.
2️⃣ AAPL — Apple
Apple has been recovering off the January 20 low and attempting to extend higher from the February 13 pivot. There is a forecast in place that projects a move toward 292.94 by March 5. Note, price would have to first post new highs above the December 3 peak to get there. For now, the February 13 low is the key support reference defining risk.
3️⃣ MSFT — Microsoft
Microsoft has been trending lower since late October and is now returning to an important weekly range from April 2025. The midpoint of that weekly structure is at 369.01 and represents a meaningful support level on the chart.
At the moment, the stock is exhibiting a Bull Bear RSI Face Off which can signal defensive price behavior. If shares trade above the February 19 high, that could open the door for additional short-term upside.
That said, the February 10 high continues to shape the broader downtrend. Until that level is exceeded, the larger structure remains under pressure.
4️⃣ AMZN — Amazon
Amazon has been working through two downside gaps and is currently recovering off the February 17 low. The key trigger for a stronger retracement would be a move above the February 9 high.
If that level clears, a return toward 222 — roughly half of the decline since January 12 — becomes possible. A push toward a rising trendline (see black line in video)would also be in play.
If price fails to clear the February 9 high, then a renewed push toward longer-term support levels would need to be considered.
5️⃣ GOOGL — Alphabet
Alphabet’s February 17 low at 296.25 came within cents of its December 17 low at 296.12 but did not break it. In the current recovery, the first upside area to monitor is the 50% retracement of the February 3 decline at 322.63. A pause near that level would not be surprising.
If price can push above it, a move back toward the February 3 range becomes possible. If not, upside may remain limited within the broader consolidation.
While NVDA is about to have earnings released that may directly fuel its action, remember that any significant moves among the largest weighted stocks in the S&P 500 can affect the movement of the index overall.
And speaking of the S&P, I’m now sharing my daily ES futures briefing in a brand new streamlined research service – I mention it at the beginning of the video (just $37 per month) with more detailed info on it at the end!
🚨 PS — Watch the Replay: Last Night’s Weekly Trading Show
We had our 7th ever broadcast of Ticker Request Live yesterday! There were lots of tickers reviewed along with trading lessons imparted!
📺Catch the Feb 24th replay here on Youtube (will come down without notice):
https://www.youtube.com/live/yFJaigCulZM?si=AFlduZJYMwvr7Qh3&t=309
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