Hi there,

Yesterday, Friday, February 20, 2026, U.S. markets staged a late-week recovery as investors cheered a landmark Supreme Court ruling striking down global tariffs. This legal victory provided a vital offset to a lukewarm GDP print, allowing the major indices to snap their multi-week losing streaks.

📉 Active Option Trade Tracker

We have officially concluded all of our February positions. We are currently out of all trades and are proud to report a 100% track record so far this year.

• TLT Short $86 Put: This position officially expired at the close on Friday in full profit, realizing a gain of 0.85%.
• US 500 (IG Index): Closed earlier this week for a realized profit of 2.98%.
• XSP (IBKR): Closed earlier this week for a realized gain of 1.58%.

Stay tuned for our next trades. As usual, we are waiting for the high-probability setups to emerge and we will alert you when the time comes.

📋 Long-Term Buy Watchlist Update

With a clean slate on our options desk, we are focused on deploying capital into our long-term targets.

• DELL, NVDA & AMD: All three saw a bounce on Friday as the hardware sector led the recovery. DELL jumped +2.70% ($121.42), while NVDA gained +0.94% ($189.67). We are watching for sustained support levels to finalize our entries.
• MSFT, NFLX, AMZN, and MA (Mastercard). We are looking for these quality compounders to reach our technical "buy zones" this week.
• Wait & See: For CRM, PYPL, and ORCL, we are looking for the "lower low" pattern to definitively break.

📅 Market Review for Friday, February 20, 2026

Overview: Markets opened lower after Q4 GDP came in weak at +1.4%. However, stocks surged in the afternoon following the Supreme Court's ruling against the administration's broad tariff authority. While new executive orders were issued, investors focused on the potential for $175B in corporate refunds from original levies.

🏛️ FX & Crypto Review

• Bitcoin (BTC): Gained +1.37% to trade near $67,331. Despite the broader "Extreme Fear" in sentiment indices, institutional support remains firm.
• EUR/USD: Rose toward 1.1910 as the weak GDP print weighed on the U.S. Dollar.

📈 Major Indices & Commodities

• S&P 500: Gained +0.69%, closing at 6,909.51.
• Nasdaq Composite: Rose +0.90%, finishing at 22,886.73.
• Dow Jones Industrial Average: Added +0.44%, closing at 49,612.66.
• Gold: Reclaimed the $5,100 mark, closing at $5,109 per ounce.
• Silver: Surged over 8% to settle at $84.57 per ounce, tracking its first weekly gain in a month.
• WTI Crude Oil: Settled slightly higher at $66.48 per barrel.

📊 Specific Stock Performance (Verified Closing Prices)

• AMZN (Amazon): Up +2.60% ($206.38). Led the Dow as investors weighed potential tariff refunds.
• DELL (Dell Technologies): Up +2.70% ($121.42). A major beneficiary of the court’s tariff decision.
• AAPL (Apple): Up +1.54% ($241.22). Afternoon rally as trade uncertainty eased slightly.
• NVDA (Nvidia): Up +0.94% ($189.67). Recovering ground ahead of high-stakes earnings this week.
• MSFT (Microsoft): Up +0.31% ($399.70). Watchlist: Finding support at the $400 level.

📞 Strategy Call Assistance

If you require assistance with trade setup, risk management, or strategy review, please schedule a strategy call.

• PREMIUM Plan Members: Strategy calls are included in your plan.
• All Other Members: Strategy calls can be scheduled at a rate of €100 per half hour.

Happy Investing

Share Navigator Support

www.sharenavigator.ie