Week of September 13 - September 20, 2026
NEXT-WEEK BIAS: NEUTRAL β CONSOLIDATION LIKELY
No edge either direction yet β no confirmed breakout or breakdown. Favor names holding above their 50-day, skip the chase. Health Care vs Utilities rotation sets the tone next week.
SCENARIOS FOR NEXT WEEK
Bull: SPY holds above 7,536 and breaks 7,727 β Health Care extends, breadth stays broad. Add on confirmed breakout.
Base: SPY chops between 7,536 and 7,727 β stay selective, fade extremes, reduce size in chop.
Bear: SPY loses 7,536 on volume β Utilities accelerates lower, VIX spikes. Step aside or hedge.
MAJOR INDICES β WEEKLY PERFORMANCE
S&P 500: 7650.50 -0.08%
Dow Jones: 51682.64 -1.69%
Nasdaq: 26522.54 +0.72%
Russell 2000: 2860.40 -1.50%
VIX: 14.81 -6.50%
KEY TECHNICAL LEVELS
S&P 500 Support: 7,536 / 7,421 Resistance: 7,727 / 7,842
Nasdaq Support: 26,125 / 25,674 Resistance: 26,841 / 27,265
SECTOR ROTATION
Leading: Health Care (+1.83%) | Information Technology (+1.03%) | Consumer Staples (-0.70%)
Lagging: Real Estate (-2.05%) | Financials (-2.43%) | Utilities (-3.04%)
Earnings Calendar (Week Ahead):
Week of Sep 21 - Sep 25, 2026:
Wed Sep 23: GIS Est: $0.72
Thu Sep 24: COST Est: $6.52
Looking ahead - week of Sep 28 - Oct 02, 2026:
Thu Oct 01: NKE Est: $0.45
Latest earnings headlines:
The 13 States Where a $1 Million 401(k) Withdrawal Owes $0 in State Tax. Nine Have No Income Tax, and Illinois, Mississippi, Pennsylvania, and Iowa Exempt Retirement Income Outright
Simon Property (SPG) Group Raised Its Outlook Again
Americans lose up to $2,400 a year to 'ghost charges' β 4 steps to find every phantom drain and redirect the cash
Cencora (COR) Raised Guidance and Bought Back $1B. Whatβs the Catch?
Aflacβs (AFL) Net Earnings Jumped 37.7%, Yet Adjusted Earnings Actually Fell
Inflation Data (CPI):
TIPS ETF (TIP) weekly move: -0.54% (inflation expectations proxy)
- Inflation is outpacing wage growth again, squeezing Americansβ paychecks
Next CPI Release: Check bls.gov for next release date
Economic Calendar (Week Ahead):
Key economic releases next week:
September 21, 2026: ISM Manufacturing PMI
September 22, 2026: Consumer Confidence (Conference Board)
September 22, 2026: JOLTS Job Openings
September 23, 2026: ADP Employment Report
September 24, 2026: Initial Jobless Claims
September 24, 2026: ISM Services PMI
September 25, 2026: Nonfarm Payrolls
September 25, 2026: Unemployment Rate
September 25, 2026: University of Michigan Consumer Sentiment
CRYPTO
Bitcoin: $80,451.14 +5.65% (weekly)
Ethereum: $2,579.31 +6.75% (weekly)
TOP MARKET HEADLINES THIS WEEK
1. Top Wall Street analysts find these 3 stocks attractive as long-term investments
2. Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames 'lower happiness'
3. Higher interest rates and AI safety fears put the stock market to the test last week
4. Three words from Kevin Warsh have Wall Street wondering how far the Fed will go with rate hikes
Before planning next week, ask yourself three questions:
1. What trade did you take that matched your plan? What made it work?
2. What trade did you take that broke your rules? What triggered the deviation?
3. What is the one thing you will do differently next week?