The TML Report February 27, 2026 – NVDA Sells Off on Earnings

Market Overview

NVDA reported earnings after the close last Wednesday, then sold off on Thursday and Friday. Despite a solid report, NVDA didn’t do enough to impress investors, and now we’ll see if it can get support at its 200-day SMA.

On a positive note, NVDA’s negative action had little effect on most of the leaders in its group, the tech larger sector, or NASDAQ Index as one may have expected.

Conversely, the NASDAQ, S&P 500, and now the DOW are trading below their key 50-day SMAs since the NASDAQ’s failure to confirm new all-time highs in the other three major indexes. Not to mention, the Russell 2000 isn’t far behind.

So, until we have further confirmation that a new uptrend is underway, minimal exposure is recommended. Continue updating your watchlists, make sure your alerts are set, and be ready for anything.

Indexes

QQQ

And as that continues maintain its pattern of higher highs and higher lows, although the tech-heavy index continues to struggle below its 50-day SMA.

SPY

Similarly to the NASDAQ, the S&P 500 continues to maintain its pattern of higher highs and higher lows, although it too continues to trade below its key 50-day SMA, despite being stronger than the NASDAQ.

IWM

The Russell 2000 fell back below its shorter-term moving averages on Friday but is continuing to trade above its 50-day SME and maintain its uptrend.

DIA

The Dow is the third index to join the NASDAQ and S&P 500 trading below its 50-day SMA; however, it found support at its 65 EMA just slightly below, bounced and closed well off its lows.

Focus List

INTC

Watching INTC for a potential entry versus key support at the confluence of its 50-day SMA and highs of its prior consolidation, as well as on strength through its declining tops line and consolidation pivot slightly above.

asml

Watching ASML for a potential entry versus key support at the confluence of its 23 EMA and rising bottoms line, as well as on strength through the high on February 18th.

MU

Watching MU for a potential entry versus key support at the confluence of its 23 EMA and rising bottoms line, as well as on strength through it's declining top line.

SNDK

Watching SNDK for a potential entry versus key support at the confluence of its 21-EMA and rising bottoms line, as well as on strength through it's declining top line.

STX

Watching STX for a potential entry versus key support at the confluence of its 23 EMA and rising bottoms line, as well as on strength through the confluence of its 21-day SMA and it's declining top line.

WDC

Watching WDC for a potential entry versus key support at the confluence of its 23 EMA and rising bottoms line, as well as on strength through the February 3rd high.

CIEN

Watching CIEN for a potential entry on constructive weakness versus its 10-day SMA or its 23-day EMA, depending on how it shapes up from here. Buying strength in CIEN can be tricky.

LITE

Watching LITE for a potential entry on constructive weakness versus its 10-day SMA or its 23-day EMA, depending on how it shapes up from here.

FSLY

Watching FSLY for a potential entry on constructive weakness versus its 10-day SMA, or on strength through its February 17th high.

PL

Watching PL for a potential entry on constructive weakness versus its 50-day SMA, or on strength through its February 20th high.

ATRO

Watching ATRO for a potential entry area on strength through its February 19 high.