Stocks for February (And NVIDIA Goes to the White House)

Look for any reversion opportunities on Friday. This will be one of the best trading days of the year.

Action to take: All the ingredients for a Friday rally are on the table. Apple’s earnings beat and optimistic outlook has Nasdaq futures leading higher, while an in-line PCE reading keeps Fed concerns at bay. This print could supercharge today’s setup.

Continue watching two levels: the Nasdaq 100 (QQQ) needs to reclaim $530 to erase Monday's DeepSeek damage, and the VIX must stay below $16.50 (currently $15.27).

This morning’s inflation data could light the fuse, but if volatility spikes above the level set after Wednesday’s FOMC meeting, that’s your signal to step back.

If you’re a trader, you’ll want to use the Bollinger bands on NVDA. If there is a selloff to start the day, look for a rebound. President Trump reportedly met with the company’s CEO at the White House today.

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Market outlook:

• Futures UP: S&P +44bps, Nasdaq +76bps, Russell +17bps

• Treasury yields steady as Trump readies 25% tariffs on Canada and Mexico

• Oil extends weekly de…