{"id":63317,"date":"2025-02-20T10:30:17","date_gmt":"2025-02-20T15:30:17","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=63317"},"modified":"2025-02-20T10:44:46","modified_gmt":"2025-02-20T15:44:46","slug":"market-trends-february-20","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2025\/02\/20\/market-trends-february-20\/","title":{"rendered":"Chips Gain Before Nvidia Results"},"content":{"rendered":"<p>Downloads are available\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-public-materials-Oct-2024b.zip\">here<\/a>.\u00a0TradeStation\u2019s ideas on TradingView are available\u00a0<a href=\"https:\/\/www.tradingview.com\/broker\/TradeStation\/ideas\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n<p>Check out our next \u201c<a href=\"https:\/\/streamyard.com\/watch\/6GASFsriWpRD\" target=\"_blank\" rel=\"noreferrer noopener\">State of the Market<\/a>,\u201d on Monday, 2\/24.<\/p>\n<h2 class=\"wp-block-heading\">Sizing Up the Market<\/h2>\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 crosses 6,119 as volatility fades<\/li>\n<li>MACD, RSI, 9-day rate of change (ROC) steadily push higher<\/li>\n<li>Potential dearth of macro-level news before State of the Union on 3\/4 (see below for more)<\/li>\n<\/ul>\n<div id=\"attachment_63325\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-63325\" class=\"size-large wp-image-63325\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250219-1024x496.jpg\" alt=\"\" width=\"1024\" height=\"496\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250219-1024x496.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250219-300x145.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250219-768x372.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250219-1536x743.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250219-1080x523.jpg 1080w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250219.jpg 1926w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-63325\" class=\"wp-caption-text\"><em>S&amp;P 500, daily chart, with select patterns and indicators.<\/em><\/p><\/div>\n<h2>Chips Gain Before Big Events<\/h2>\n<ul>\n<li>Semiconductors had lagged since July but outperforming in last 2 weeks.<\/li>\n<li><a href=\"https:\/\/www.tradestation.com\/insights\/2025\/02\/19\/intel-big-mover-focus\/\">INTC jumps<\/a> on takeover \/ breakup speculation<\/li>\n<li>ADI earnings beat amid &#8220;improving cyclical dynamics and numerous new wins.&#8221;<\/li>\n<li><a href=\"https:\/\/www.tradingview.com\/chart\/LRCX\/S8T8vZsf-Lam-Research-Pushes-Higher\/\" target=\"_blank\" rel=\"noopener\">LRCX<\/a>, KLAC cross 200-day MAs<\/li>\n<li>SMCI rallies after promising financial statements by extended deadline<\/li>\n<li>MCHP climbs 10 percent no apparent news (biggest gain in 2+ years)<\/li>\n<li>Upcoming events:\n<ul>\n<li>NVDA earnings after the closing bell <span style=\"text-decoration: underline;\"><em><strong>next Wed 2\/26<\/strong><\/em><\/span><\/li>\n<li>3\/17 &#8211; 3\/21: NVDA GTC AI conference<\/li>\n<li>3\/20: First Quantum Day<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>News &amp; Events<\/h2>\n<ul>\n<li>Rubio eyes ending sanctions on Russia\n<ul>\n<li>Could potentially impact global stocks<\/li>\n<\/ul>\n<\/li>\n<li>BP gains on Elliott activist pressure<\/li>\n<li>NAHB homebuilder sentiment plunges on tariff fears<\/li>\n<li>Fed minutes suggest policymakers still waiting for March data\n<ul>\n<li>Cleveland Fed NowCast: PCE change could halve to 0.19 percent this month<\/li>\n<\/ul>\n<\/li>\n<li>Megacaps at support?\n<ul>\n<li>MSFT holds $405: Q4 low<\/li>\n<li>GOOGL holds $183: &#8220;Willow&#8221; AI chip gap on 12\/10<\/li>\n<li>AMZN holds bottom of Keltner Channel<\/li>\n<\/ul>\n<\/li>\n<li>JLL CEO on CNBC sees &#8220;pretty nice recovery cycle for commercial real estate which should continue over next few quarters.&#8221;\n<ul>\n<li>&#8220;FOMO&#8221;, &#8220;dry powder&#8221; as demand rebounds.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Upcoming Events<\/h2>\n<ul class=\"wp-block-list\">\n<li>Earnings tonight: RIVN NU NEM CELH<\/li>\n<li>Fri 2\/21: Earnings home sales<\/li>\n<li>Sun 2\/23: German elections<\/li>\n<li>Tue 2\/25: Consumer confidence<\/li>\n<li>Wed 2\/26: Crude-oil inventories, new home sales\n<ul class=\"wp-block-list\">\n<li>Earnings: LOW TJX |\u00a0 <em><strong>**NVDA** <\/strong><\/em>CRM IONQ EBAY SNOW APA<\/li>\n<\/ul>\n<\/li>\n<li>Thu 2\/27: GDP revision, jobless claims, durable-goods orders<\/li>\n<\/ul>\n<p><em>Longer-term items to remember:<\/em><\/p>\n<ul>\n<li>Tue 3\/4: State of the Union<\/li>\n<li>Fri 3\/7: Payrolls<\/li>\n<li>Wed 3\/12: CPI<\/li>\n<li>3\/17 &#8211; 3\/21: NVDA GTC AI conference\n<ul>\n<li>3\/20: First Quantum Day<\/li>\n<\/ul>\n<\/li>\n<li>Wed 3\/19: Fed + Dotplot<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Downloads are available\u00a0here.\u00a0TradeStation\u2019s ideas on TradingView are available\u00a0here. Check out our next \u201cState of the Market,\u201d on Monday, 2\/24. Sizing Up the Market S&amp;P 500 crosses 6,119 as volatility fades MACD, RSI, 9-day rate of change (ROC) steadily push higher Potential dearth of macro-level news before State of the Union on 3\/4 (see below for [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":63321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1276,13],"tags":[],"class_list":["post-63317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-trends","category-stocks","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chips Gain Before Nvidia Results | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2025\/02\/20\/market-trends-february-20\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chips Gain Before Nvidia Results | Market Insights\" \/>\n<meta property=\"og:description\" content=\"Downloads are available\u00a0here.\u00a0TradeStation\u2019s ideas on TradingView are available\u00a0here. Check out our next \u201cState of the Market,\u201d on Monday, 2\/24. Sizing Up the Market S&amp;P 500 crosses 6,119 as volatility fades MACD, RSI, 9-day rate of change (ROC) steadily push higher Potential dearth of macro-level news before State of the Union on 3\/4 (see below for [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradestation.com\/insights\/2025\/02\/20\/market-trends-february-20\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeStation\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-20T15:30:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-20T15:44:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Russell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:site\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Russell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/02\/20\/market-trends-february-20\/\",\"url\":\"https:\/\/www.tradestation.com\/insights\/2025\/02\/20\/market-trends-february-20\/\",\"name\":\"Chips Gain Before Nvidia Results | Market Insights\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/02\/20\/market-trends-february-20\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/02\/20\/market-trends-february-20\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\",\"datePublished\":\"2025-02-20T15:30:17+00:00\",\"dateModified\":\"2025-02-20T15:44:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/02\/20\/market-trends-february-20\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tradestation.com\/insights\/2025\/02\/20\/market-trends-february-20\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/02\/20\/market-trends-february-20\/#primaryimage\",\"url\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\",\"contentUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/02\/20\/market-trends-february-20\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tradestation.com\/insights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chips Gain Before Nvidia Results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\",\"url\":\"https:\/\/www.tradestation.com\/insights\/\",\"name\":\"Market Insights\",\"description\":\"Fresh market commentary and actionable trade ideas.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\",\"name\":\"David Russell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"caption\":\"David Russell\"},\"description\":\"David Russell is Global Head of Market Strategy at TradeStation. 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