Stock Market Today With IBD Where To Find Strength As Nasdaq Hits Resistance; Sphere, Nutrien, Walmart In Focus
Feb 27, 2026
A market wrap on Nasdaq resistance and whether last week’s follow-through held. Discussion of NVIDIA’s earnings impact and rotation from megacaps into equal-weight, midcaps, and international ETFs. Sector checks on chips, precious metals, crypto-related ETF weakness, and actionable price levels. Stock spotlights include Sphere’s tight setup, Nutrien’s breakout, and a Walmart trading idea.
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Follow Through Day Is About Form Not Percent
- The NASDAQ's follow-through last week looked like a proper bottom even if it fell short of the formal 1% rule.
- Mike Webster says visual pattern and closing above the prior low matter more than a strict percent threshold, citing Bill O'Neill's guidance and that the low holding is vital.
Money Rotating Out Of Mega Caps Into Mid Caps And International
- The market is rotating away from mega-cap dominance into mid-caps, equal-weight, and international funds.
- Webster highlights RSP/EQAL strength and money exiting NVIDIA-sized weights into many mid/large caps due to liquidity and portfolio rebalancing.
Use 50 Day And Launch Low For Chip Trade Risk Management
- If you trade chips, use the 50-day or the recent launch low as a logical exit or buy zone depending on cost basis.
- Webster suggests letting a decent cost basis ride down toward the base/50-day support and watching SMH/TSM/ASML for 21- and 50-day holds.