The Edge - InsiderStreet.ai | February 19, 2026

🔥 PRE MARKET MOVERS

Pre-Market Session • 07:00 ET • $0.0T Total Volume

📈 Top Gainers by $ Volume

ONDS +10.15% $1.2B

WING +10.84% $800M

GPN +16.47% $696M

IBRX +41.86% $671M

GRMN +9.44% $668M

AMRZ +10.99% $635M

MSGS +16.33% $339M

CZR +13.03% $318M

GLBE +17.21% $292M

MCW +16.14% $281M

📉 Top Losers by $ Volume

PANW -6.82% $4.0B

DINO -10.86% $598M

HALO -9.01% $465M

ACLS -16.74% $422M

COCO -11.43% $240M

VNET -9.38% $226M

ALGM -7.44% $178M

VECO -14.64% $120M

GTY -7.15% $111M

MCY -9.20% $85M

🐷 PIG ROAST

BE +8.2% zacks.com: Big dogs like Druckenmiller and Dalio sniffing around Bloom's fuel cells, rocket it +8.2% to $157 amid +519% yearly tear—smart money feasts while plebs play catch-up.

BE +8.2% seekingalpha.com: AI power dreams juice Bloom +8.2% to $157, YTD +59% beast mode—finally, something hotter than overhyped chips.

ONDS +10.2% defenseworld.net: Call option gamblers flood Ondas, spiking +10.2% to $11 despite money fleeing—+505% yearly survivors betting on drone lottery tickets.

ONDS +10.2% feeds.benzinga.com: Iran jitters send drone dreams soaring +10.2% to $11 on +505% yearly run—YTD flatliner pretends war pays the bills.

WING +10.8% defenseworld.net: Earnings beat with $0.96 vs $0.85 est blasts Wingstop +10.8% to $279—YTD +8.7% finally shakes off that pesky yearly 8% dip.

DINO -10.9% fool.com: Solid earnings buried by CEO vanishing act, tanks -10.9% to $51—YTD +10% oil dreamer hits fraud probe panic button.

HALO -9.0% defenseworld.net: Earnings flop $-1.20 vs $1.92 est craters HALO -9% to $73—YTD +4% biotech darling tastes acquisition bile.

ACLS -16.7% defenseworld.net: Analyst downgrade gaps chip gear down -16.7% to $82—YTD -4.8% stumbles despite money trickling in.

COCO -11.4% [defenseworld.net](https://www.defenseworld.net/2026/02/19/vita-coco-n

💬 Word on the Street

While Rep. Gilbert Cisneros (D-CA) quietly scooped up Mitsubishi Heavy Industries (MHVIY) shares worth up to $15,000, five insiders at Amkor Technology (AMKR) stampeded for the exits with $970.7 million in sales—the kind of lopsided action that makes you wonder who knows something we don't. Meanwhile, VIX spiked 14.1% to 20.3 as the Fed pumped $16.5 billion into the system, and after hours, Bloom Energy (BE) rocketed 8.2% to $157 after Druckenmiller and Dalio's 13F filings revealed fresh positions while Ondas Holdings (ONDS) surged 10.2% on a flood of call option activity. Here's what smart money actually did with their capital today.

🌤️ MARKET WEATHER

Presidential Cycle: Year 2 (2nd Term Year 2) • Donald Trump (R)

We're 36 trading days into the second year of Trump's second term, and both SPY and QQQ are running ahead of the typical 2nd Term Year 2 pattern despite slightly negative year-to-date returns—SPY is tracking nearly 2% above the historical average for this cycle position, while QQQ shows similar outperformance at +1.1% versus its baseline. The historical playbook suggests these Year 2 periods typically deliver modest full-year gains around 3.5% for SPY, with another 1.5% typically added through mid-March in Q1, though current positioning is slightly lagging the 20-year seasonal trend by about 1%. If the pattern holds, the spring months have historically provided the bulk of Year 2's gains, but the early outperformance versus the specific second-term cycle average suggests institutional players may be pricing in a different trajectory than past midterm cycles delivered.

SPY -0.2% YTD

2026 Actual

2nd Term Year 2 Avg

Year 2 Projection

vs 2nd Term Year 2: +1.9%

vs 20yr Seasonal: -1.1%

Day: 36 / 252

QQQ -1.8% YTD

2026 Actual

2nd Term Year 2 Avg

Year 2 Projection

vs 2nd Term Year 2: +1.1%

vs 20yr Seasonal: -3.2%

Day: 36 / 252

📊 2nd Term Year 2 years historically average 3.5% for SPY. Current YTD: -0.2%

📖 HOW TO READ THIS REPORT

The Big Idea: When insiders, institutions, AND politicians all bet on the same stock? That's convergence — and historically, these aligned signals tend to pack more punch than solo moves. We track the smart money so you don't have to.

Signal Badges

ETF Institutional funds adding/removing positions
INSIDER Corporate executives buying/selling their own stock
CONGRESS Politicians making trades (yes, we see you)

Momentum Icons

▲ + Buying Rising Stock: Smart money accumulating as price rises — ideal alignment
+ Buying Falling Stock: Smart money accumulating while price drops — falling knife risk
▲ - Selling Rising Stock: Smart money exiting while price still rising — warning signal
- Selling Falling Stock: Smart money exiting as price drops — confirms downtrend

The Bottom Line: Convergence + aligned momentum = strongest setups. Convergence + divergent momentum = proceed with caution. This isn't financial advice — it's intelligence. What you do with it is on you.

📚 Jargon Buster

Locates

Proof your broker found shares for you to short. When they say “no locates,” the stock’s about to go full GameStop on everyone.

🎯 SMART MONEY CONVERGENCE

📈 Accumulation Detected (10)

TSLA Tesla, Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D -3.3% 3M +1.7% 1Y +15.6%

3 member(s) purchased N/A • 26 insiders purchased $1226.6M • 1228 ETFs increased positions

CRWV CoreWeave, Inc. Class A Common Stock ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +0.4% 3M +23.4%

2 member(s) purchased N/A • 57 insiders purchased $328.2M • 211 ETFs increased positions

PG The Procter & Gamble Company ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D -1.5% 3M +6.1% 1Y -1.9%

7 member(s) purchased N/A • 17 insiders purchased $134.3M • 581 ETFs increased positions

MCD McDonald's Corporation ⭐ CONGRESS INSIDER ETF

▲ + Buying Rising Stock 5D +0.6% 3M +7.4% 1Y +8.7%

2 member(s) purchased N/A • 11 insiders purchased $133.5M • 652 ETFs increased positions

FDS FactSet Research Systems Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D -3.4% 3M -27.5% 1Y -56.1%

9 member(s) purchased N/A • 24 insiders purchased $111.1M • 272 ETFs increased positions

LLY Eli Lilly and Company ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D -0.2% 3M -0.5% 1Y +21.6%

18 member(s) purchased N/A • 52 insiders purchased $104.2M • 820 ETFs increased positions

DASH DoorDash, Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D -6.6% 3M -16.2% 1Y -18.8%

7 member(s) purchased N/A • 11 insiders purchased $100.3M • 550 ETFs increased positions

SMCI Super Micro Computer, Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D -10.9% 3M -18.4% 1Y -38.0%

3 member(s) purchased N/A • 2 insiders purchased $90.0M • 359 ETFs increased positions

V Visa Inc. ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D -2.4% 3M -3.0% 1Y -9.0%

11 member(s) purchased N/A • 7 insiders purchased $84.7M • 803 ETFs increased positions

DIS The Walt Disney Company ⭐ CONGRESS INSIDER ETF

+ Buying Falling Stock 5D -2.6% 3M +1.9% 1Y -1.9%

3 member(s) purchased N/A • 26 insiders purchased $78.0M • 670 ETFs increased positions

😱 VOLATILITY & FEAR

Equity market volatility climbed into elevated territory this week, with the VIX rising 14.1% to 20.29, crossing above the threshold that typically indicates heightened investor uncertainty. This spike in stock market fear gauges stands in notable contrast to bond market volatility, where the MOVE index declined 16.4% to 11.31, suggesting fixed income traders remain relatively calm. The divergence between equity and bond volatility measures indicates uncertainty is concentrated in stock markets rather than reflecting broader systemic concerns across asset classes.

VIX

20.29

14.1% WoW

➡️

Elevated

MOVE

11.31

-16.4% WoW

➡️

Low

|| Market Sutra ||

"The strongest rallies come from the weakest hands selling."

— Forced liquidations in 2020 fueled a historic V-shaped recovery.

📊 MARKET REGIME

The market is showing a defensive posture with Materials, Consumer Staples, and Utilities leading while growth-oriented sectors like Technology, Communication, and Financials lag significantly behind. This traditional risk-off sector rotation is occurring alongside mixed breadth conditions, where transports are showing relative strength at 79% while the tech-heavy Nasdaq sits at just 50%, creating a notable divergence between old economy and new economy performance. The 31 percentage point gap between top-performing Materials and bottom-performing Communication Services reflects a clear bifurcation in sector participation.

Sector Strength

🧱 Materials

100.0%

+0.2%

🛒 Consumer Staples

97.2%

+1.0%

⚡ Utilities

93.5%

+3.1%

⛽ Energy

90.9%

+2.2%

🏠 Real Estate

77.4%

+1.2%

🔌 Semiconductors

76.0%

+1.9%

🏭 Industrials

75.9%

+0.6%

🛍️ Consumer Discretionary

69.4%

-1.1%

🏥 Healthcare

51.7%

+1.5%

🏦 Financials

45.9%

-1.8%

💻 Technology

45.7%

-1.2%

📡 Communication

34.8%

-2.5%

📈 INDEX BREADTH

SPY

66.2%

BULLISH

QQQ

50.5%

NEUTRAL

DIA

66.7%

BULLISH

IYT

79.1%

BULLISH

💧 FED LIQUIDITY

Net Liquidity: $6.62 Trillion

↑ $16.5B WoW

As of February 11, Fed net liquidity stood at $6.62 trillion, up $16.5 billion week-over-week, with the next H.4.1 release scheduled for Thursday, February 19. This uptick in liquidity typically correlates with more accommodative conditions for risk assets, as increased liquidity provides more capital available to flow into markets.

📅 ECONOMIC CALENDAR Surprise Index: +2.3

Yesterday's housing data delivered substantial upside surprises, with housing starts jumping 6.2% month-over-month to 1.404 million units versus the 1.29 million consensus—a roughly 9% beat that signals resilient construction activity despite mortgage rates still hovering above 6%. Core durable goods orders (ex-transportation) rose 0.9% versus the 0.3% estimate, tripling expectations and suggesting business investment momentum carried into year-end, while industrial production's 0.7% gain also topped the 0.5% forecast. Today's focus shifts to the Philadelphia Fed Manufacturing Index, expected to cool from 12.6 to 7.0, and initial jobless claims forecast at 229K, before tomorrow's critical Q4 GDP print (consensus 2.8% versus prior 4.4%) and December PCE inflation data—the Fed's preferred gauge—where core PCE is estimated at 0.2% month-over-month, matching November's reading as markets parse whether disinflation remains on track.

Yesterday — Wednesday, February 18

21 events · 9 beats · 1 miss

12:00 MBA 30-Year Mortgage Rate (Feb/13) 6.17 vs None est

13:30 Durable Goods Orders Ex Transp MoM (Dec) 0.9% vs 0.3% est

13:30 Building Permits (Nov) -1.6% vs -3.6% est

13:30 Housing Starts (Dec) 1.404M vs 1.29M est

13:30 Housing Starts MoM (Dec) 6.2% vs -4.4% est

13:30 Building Permits (Dec) 4.3% vs -3.7% est

13:30 Housing Starts MoM (Nov) 3.9% vs 1.9% est

13:30 Durable Goods Orders MoM (Dec) -1.4% vs -3.4% est

13:30 Housing Starts (Nov) 1.322M vs 1.27M est

14:15 Industrial Production MoM (Jan) 0.7% vs 0.5% est

16:00 Atlanta Fed GDPNow (Q4) 3.6% vs 3.7% est

21:00 Net Long-Term TIC Flows (Dec) 28.0 vs None est

21:30 API Crude Oil Stock Change (Feb/13) -0.609 vs None est

Today — Thursday, February 19

20 events · 20 upcoming

13:20 Fed Bostic Speech Pending

13:30 Initial Jobless Claims (Feb/14) est 229.0K / prev 227.0K

13:30 Imports prev 348.9B

13:30 Goods Trade Balance (Dec) est -86.0B / prev -86.04B

13:30 Balance of Trade (Dec) est -58.0B / prev -56.8B

13:30 Wholesale Inventories MoM (Dec) est 0.2% / prev 0.2%

13:30 Philadelphia Fed Manufacturing Index (Feb) est 7.0 / prev 12.6

13:30 Goods Trade Balance (Sep) prev -77.2B

13:30 Retail Inventories Ex Autos MoM (Dec) est 0.1% / prev 0.2%

13:30 Imports (Dec) est 347.0B / prev 348.9B

13:30 Exports (Dec) est 289.0B / prev 292.1B

13:30 Goods Trade Balance Adv (Dec) est -82.0B / prev -86.0B

13:30 Fed Bowman Speech Pending

14:00 Fed Kashkari Speech Pending

15:00 Leading Index MoM (Dec) est -0.2% / prev -0.3%

15:00 Atlanta Fed GDPNow (Q4) est 3.6% / prev 3.6%

15:00 Pending Home Sales YoY (Jan) est 2.4% / prev -3.0%

15:00 Pending Home Sales MoM (Jan) est 6.5% / prev -9.3%

17:00 EIA Gasoline Stocks Change (Feb/13) prev 1.16

17:00 EIA Crude Oil Stocks Change (Feb/13) prev 8.53

Tomorrow — Friday, February 20

24 events · 7 high impact

13:30 PCE Price Index YoY (Dec) est 2.8% / prev 2.8%

13:30 GDP Growth Rate QoQ (Q4) est 3.5% / prev 4.4%

13:30 Gross Domestic Product QoQ (Q4) est 2.8% / prev 4.4%

13:30 Personal Spending MoM (Dec) est 0.4% / prev 0.5%

13:30 Personal Income MoM (Dec) est 0.1% / prev 0.3%

13:30 GDP Price Index QoQ (Q4) est 3.6% / prev 3.7%

13:30 Core PCE Price Index MoM (Dec) est 0.2% / prev 0.2%

13:30 PCE Price Index MoM (Dec) est 0.3% / prev 0.2%

14:45 S&P Global Services PMI (Feb) est 52.8 / prev 52.7

14:45 S&P Global Manufacturing PMI (Feb) est 52.1 / prev 52.4

14:45 S&P Global Composite PMI (Feb) prev 53.0

14:45 S&P Global Services PMI Flash (Feb) est 52.5 / prev 52.7

14:45 S&P Global Composite PMI Flash (Feb) est 52.6 / prev 53.0

14:45 S&P Global Manufacturing PMI Flash (Feb) est 51.8 / prev 52.4

14:45 Fed Bostic Speech Pending

15:00 Atlanta Fed GDPNow (Q1) prev -2.7

15:00 Michigan Consumer Sentiment (Feb) est 57.3 / prev 56.4

15:00 Inflation Expectations (Feb) est 3.4% / prev 3.4%

15:00 New Home Sales (Dec) est -2.8% / prev 737.0%

15:00 New Home Sales (Nov) est -3.7% / prev -0.1%

20:30 CFTC Nasdaq 100 speculative net positions prev 13.4K

20:30 CFTC S&P 500 speculative net positions prev -105.1K

20:30 CFTC Crude Oil speculative net positions prev 117.8K

20:30 CFTC Gold Speculative net positions prev 160.0K

🏦 INSTITUTIONAL FLOW

Institutional positioning data shows nearly 1,200 ETFs added to Tesla while over 900 reduced Broadcom exposure, suggesting a potential rotation from semiconductor plays into electric vehicle manufacturers. The split activity in both TSLA and AVGO—with substantial flows in both directions—indicates institutional managers are rebalancing positions rather than making uniform directional bets across the technology sector.

Top Buying

TSLA Tesla, Inc. ⭐

+ Buying Falling Stock 5D -3.3% 3M +1.7% 1Y +15.6%

1228 ETFs • 0 shares

AVGO Broadcom Inc. ⭐

+ Buying Falling Stock 5D -2.0% 3M -2.6% 1Y +43.5%

1051 ETFs • 0 shares

PLTR Palantir Technologies Inc. ⭐

+ Buying Falling Stock 5D -3.0% 3M -22.2% 1Y +13.6%

890 ETFs • 0 shares

LLY Eli Lilly and Company ⭐

+ Buying Falling Stock 5D -0.2% 3M -0.5% 1Y +21.6%

820 ETFs • 0 shares

CRM Salesforce, Inc. ⭐

+ Buying Falling Stock 5D -3.0% 3M -22.8% 1Y -42.1%

813 ETFs • 0 shares

Top Selling

AVGO Broadcom Inc. ⭐

- Selling Falling Stock 5D -2.0% 3M -2.6% 1Y +43.5%

905 ETFs • 0 shares

TSLA Tesla, Inc. ⭐

- Selling Falling Stock 5D -3.3% 3M +1.7% 1Y +15.6%

702 ETFs • 0 shares

LLY Eli Lilly and Company ⭐

- Selling Falling Stock 5D -0.2% 3M -0.5% 1Y +21.6%

650 ETFs • 0 shares

V Visa Inc. ⭐

- Selling Falling Stock 5D -2.4% 3M -3.0% 1Y -9.0%

562 ETFs • 0 shares

CRM Salesforce, Inc. ⭐

- Selling Falling Stock 5D -3.0% 3M -22.8% 1Y -42.1%

533 ETFs • 0 shares

🏛️ CONGRESSIONAL TRADES

Rep. Gilbert Cisneros purchased positions in three financial sector stocks—MHVIY, FINMY, and SAN—all of which are European banking institutions. Sen. John Boozman reduced his holdings by selling Union Pacific (UNP) and executing two separate sales of the iShares S&P 500 Growth ETF (IVW).

Top Buying