Tuesday's Top Trades
February 10th 2026
SPY showed solid follow-through after holding and bouncing cleanly off the 100-day SMA—exactly the support level that needed to hold, and it did. The last time we bounced off the 100-day (November 21st), three strong bullish candles made up most of the move before price stalled and chopped sideways at resistance for a few weeks. A push toward the $700 area and the pink trendline, followed by indecision, would fit that playbook well.
SPY Daily Chart
QQQ is in a more fragile spot, having only retested the 100-day SMA from below. The next move matters. Do we rotate lower as the chart suggests, or have tech names taken enough damage to push back toward $630 and test former support? As usual, this comes down to how the Trillion Dollar Titans behave.
For now, the market doesn’t feel ready to break down. With so many names deeply oversold, I’m focused on longs across the board—even though I expect volatility to pick up in the next several months, likely creating even better opportunities in the months ahead.
That said, a rejection in QQQ and a failure to reclaim $615 would be a major warning sign that shouldn’t be ignored. Despite the relative weakness, there are still strong setups inside the QQQ. I’m long several big tech names, and I’m also long QQQ after it broke above Thursday’s candle, with a stop below Thursday’s low. I break down the individual names I’m watching in today’s video below.
QQQ Daily Chart
One of the dominant themes right now is what has been called the “software apocalypse.” Several names are being unfairly dragged down with the group—MSFT being a prime example. I’m long MSFT and it’s one of my favorite setups right now, which I cover in detail in today’s video and the chart analysis below.
If you think the software selloff is overdone, IGV is worth a look. The iShares Expanded Tech-Software ETF holds names like MSFT, PLTR, CRM, ORCL, INTC, ADBE, PANW, APP, and NOW. IGV recently tagged the 200-week SMA and has bounced strongly over the past two sessions, closing above the capitulation volume at the lows. I like the risk/reward here, especially on a small pullback or a retest of the 200-week. My stop is below $76.11, with downside protection via puts on any close below the 200-day SMA.
IGV Daily Chart
Crowdstrike Holdings Inc. (CRWD)
CRWD is another beaten-down name with a constructive setup. I’m long CRWD after it tagged the 100-week SMA, the anchored VWAP, and perfectly filled its April 23rd, 2025 gap. Many stocks are filling their lower gaps from last year’s rally, both of today’s features being prime examples of this. CRWD has bounced nicely since the gap fill and has now reclaimed the 100-day SMA.
It hasn’t cleared Thursday’s candle yet and ran into resistance on Monday, so a brief pullback and consolidation wouldn’t surprise me. That could set up better entries near the 100-week SMA for those not in. Earnings are March 3rd, so keep that in mind for any swing trade on this one. A close below the 100-week SMA would put the bull case in danger, and a close below $360 would invalidate my bull thesis until earnings.
CRWD Daily Chart
Microsoft Corp. (MSFT)
MSFT is sitting at a very compelling level. It filled its May 1st, 2025 gap on Thursday and filled my main limit buy at $398. While Thursday’s close wasn’t pretty, the downside extension had become extreme, increasing the odds of a bounce—and that bounce is now underway, with MSFT up roughly 9% from the lows.
There’s still plenty of overhead resistance, and it’s even possible we see a break of Thursday’s low and a push toward $383 or even $375. That’s not my base case without a stronger push higher first, but I will be a buyer at those levels if that does happen.
My first upside target is $440 which is near the 100-week SMA. Beyond that, a push into the high $400s—or even toward $500—isn’t out of the question if momentum builds and sentiment turns. Any close below the 200-week SMA would force me to protect the position and would raise the odds of a deeper move toward $350 and lower.
MSFT Daily Chart
Check out Tuesday's Top Trades Video below for an in-depth breakdown of the markets, along with detailed analysis of some of my favorite stocks and scan results. Don't miss the actionable insights!
