Premarket Action - Wednesday 2/18/26

Good Morning Team,

Stock futures are higher this morning as the market bounces from oversold levels.
On Tuesday, the market opened lower but closed near the high of the day which is an encouraging sign.
The S&P 500 (SPY) and Nasdaq 100 (QQQ) are still below their respective 50 DMA lines.
I'll be watching to see if it can get back above that level soon.

Here are some pre-market action courtesy of MarketTerminal.com

Pre-Market Breakouts
AMRZ, FMX, KT, ANDE, HAFN, TCMD, WTTR, COSO, ECO

Pre-Market Breakdowns
PAY, SMWB, NLOP, SHPH

Pre-Market UP
CDNS, AMRZ, RBA, HL, EMA, NYT, SNPS, STLD, TSEM, OVV, RSI, GLBE, TCGL, CSTM, CE, SSRM, PRM, ANDE, TIC, VMI, IEP, CZR, DYN, SEDG, BLCO, CNK, ONDS, RXO, ADMA, TCMD, PBI, GSHD, WTTR, FDP, USNA, AMSC, COSO, BTGO, BIOA, BWIN, AMLX, EIG, SPRY, IPX, GENI, PUMP, SGML, CGNT, CPS, ATRC, ANGO, RDW, FET, ECO, QMCO, UONE, JFB, ANPA, VELO, FGL, MCRB, ASTI, BNAI, PHGE

Pre-Market DOWN
MKSI, PANW, VIV, RGA, SBSW, ELAN, ANET, ACLS, VNET, APLD, VECO, PAY, PBH, CAMT, GEF, THO, ICL, WEX, FIGR, JHG, FVRR, QUAD, LZB, TFIN, CMPS, CTS, DBI, RHLD, LUXE, CRD-B, KELYB, KODK, NLOP, IBG, RVYL, PHOE, MGRT, IMRX, TENX, QVCGP

Here's a preview of what's ahead this week:

Wednesday
– December Durable Goods Orders data
– Fed Meeting Minutes
– Earnings expected from Analog Devices, Booking Holdings, Carvana, DoorDash, Occidental Petroleum, eBay, and Figma

Thursday

– Earnings expected from Walmart, Wayfair, Klarna, Opendoor, Alibaba, John Deere, Southern, and Newmont

Friday
– December PCE, the Fed’s preferred inflation gauge. Earnings expected from AngloGold Ashanti

All week
– Total of 10 Fed speaker events
~15% of S&P 500 companies report earnings

I'll be back after the open with today's breakouts report.

Enjoy your day,

Adam