NVIDIA Earnings Fail To Impress Mixed Markets

Like it or not: US BIG TECH REMAINS IN THE PENALTY BOX 

That message could not have been made more perfectly clear than it was when the bottom dropped out on NVIDIA, at yesterday's opening bell. 

$NVDA had already rallied off the Feb. low - up nearly +20%, It continued to rally on Wed. Even popped another 3% in after hours trading. Earnings were blowout, as expected, yet it wasn't until yesterday's open where the trap door sprung open. 

NVIDIA $NVDA gives back most of yesterday's gains, but still 10% of the Feb. lows pic.twitter.com/MkTNmAl7cY

— Veteran Market Timer (@3Xtraders) February 26, 2026

This was one of those rare instances, where whatever you thought we were seeing in the after hours market didn't count, and what followed was more sideways slop, on mixed markets. 

Markets mixed again - different day same slop - Mag7 #NDX $SPX $SOX lower. Financials, Transports, consumer service stocks, energy, higher pic.twitter.com/v0my0ZuWjk

— Veteran Market Timer (@3Xtraders) February 26, 2026

Some sectors ended higher, some lower, but as long as money continues to hide in Gold, and other alt trades, while money continues to flee the US for every other part of the world; Europe, Japan, S. Korea; I'm happy to watch from the sideline, and after 4 months of this shit, I'm getting really good at it. 

We covered the $VIX action extensively a couple days ago [link], and then I see CNBC Fast Money - last night's show - doing a deep dive on the subject. I'm not accusing them of plagiarism, I think everyone is looking at the $VIX under a microscope. They even went so far as to bring on guest - all the way from Japan - to try to tell investors that a relatively new indicator called, "the $VIXEQ (Cboe S&P 500 Constituent Volatility Index) - sold as a single stock indicator - is comparatively "not so high". More smoke and mirrors. Take a look for yourself, and decide if volatility is low. Spoiler, that particular fear gauge has been trending higher since Christmas Eve - the same date where they sold tech in 2025. Is this program selling? I don't know.   

Yoshiko Yamaguchi CFA Screenshot

INVESTMENT CAPITAL CONTINUES TO FLEE THE US 

The bull parade (perma-bulls) on the TV continues as money managers from BofA to [blank] continue to insist that the idea that money is fleeing the US, is "hogwash", yet nobody can deny that Europe and Asia have out-performed US markets by some 40%. Momentum is an aphrodisiac, to investors.   
Add to this the fear that AI is about to take your cushy Wall Street Analyst job, and you have the perfect motive to go on TV and lie your ass off.    

Sure, the globalists, and the socialists continue to prefer ROW, but that's not the only reason the $SPX remains trapped in purgatory - trading at the same levels it was back in Oct. '25.  The NASDAQ (what most young people are heavily invested in) is actually trading below the October highs. I trade in and out of this tech heavy sector, because this is the only sector that matters. Sure you could trade a snapback rally in beaten up software cloud names, or even chase the stealth bull market in semis, but you risk falling through the next trap door. $SOX -3% - after eking out a slightly new high? No thanks! The weather in Chicago is forecast to be spring like, and I plan to take full advantage of it. 

As for NVIDIA, last I checked it was being bought at the 50 day SMA. That's the level to watch, but after yesterdays action, I think there's a great possibility that we're about to see another shakeout. 

Take Care, AA 

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