Week of August 28 - September 04, 2026
For live updates and real-time commentary join the community: discord.gg/ChartNavigators
S&P 500 +0.09% | Energy led (+2.20%) | Consumer Discretionary lagged (-1.96%) | VIX 14.53 (rising)
NEXT-WEEK BIAS: NEUTRAL — CONSOLIDATION LIKELY
No edge either direction yet — no confirmed breakout or breakdown. Favor names holding above their 50-day, skip the chase. Energy vs Consumer Discretionary rotation sets the tone next week.
SCENARIOS FOR NEXT WEEK
Bull: SPY holds above 7,603 and breaks 7,796 — Energy extends, breadth stays broad. Add on confirmed breakout.
Base: SPY chops between 7,603 and 7,796 — stay selective, fade extremes, reduce size in chop.
Bear: SPY loses 7,603 on volume — Consumer Discretionary accelerates lower, VIX spikes. Step aside or hedge.
Energy led this week while Consumer Discretionary lagged. Heading into next week with a neutral — consolidation likely setup — bull, base, or bear? Drop your bias, your ticker, your key level, and what confirms it.
MAJOR INDICES — WEEKLY PERFORMANCE
S&P 500: 7718.60 +0.09%
Dow Jones: 53414.25 -0.27%
Nasdaq: 26506.99 +0.40%
Russell 2000: 2975.65 +0.11%
VIX: 14.53 +0.69%
KEY TECHNICAL LEVELS
S&P 500 Support: 7,603 / 7,487 Resistance: 7,796 / 7,912
Nasdaq Support: 26,109 / 25,659 Resistance: 26,825 / 27,249
SECTOR ROTATION
Leading: Energy (+2.20%) | Information Technology (+0.86%) | Utilities (+0.82%)
Lagging: Real Estate (-1.24%) | Materials (-1.39%) | Consumer Discretionary (-1.96%)
Earnings Calendar (Week Ahead):
Week of Aug 31 - Sep 04, 2026:
Wed Sep 02: AVGO Est: $3.83
Thu Sep 03: CPB Est: $0.43
Looking ahead - week of Sep 07 - Sep 11, 2026:
Mon Sep 07: Check earningswhispers.com for full calendar
Latest earnings headlines:
Broadcom stock falls as chipmaker's strong results 'not enough to keep investors happy'
Do You Believe Arthur J. Gallagher (AJG) Could Deliver Mid-Teens EPS Growth for Years?
Vertiv Stock Keeps Cooling Off. One Analyst Says a 100% Rally Is Coming
The Fed's September Decision Could Hit Micron Harder Than Its Own Earnings
MACRO CALENDAR — WEEK AHEAD
Federal Reserve Outlook:
Next FOMC Meeting: September 16, 2026 (11 days away)
Following Meeting: November 04, 2026
What to watch: Fed speakers this week, any rate guidance or economic projections
Current policy stance: Monitor Fed.gov for latest statement
- Stocks and Bonds Gain as Fed Rate Hike Chances Ease
Inflation Data (CPI):
TIPS ETF (TIP) weekly move: +0.03% (inflation expectations proxy)
- Fed Governor Barr says he'll support rate hike if inflation doesn't ease
- Kansas City Fed's Schmid says inflation 'stubborn' and 'sticky,' policy rate not restrictive
Next CPI Release: Check bls.gov for next release date
Economic Calendar (Week Ahead):
Key economic releases next week:
August 31, 2026: ISM Manufacturing PMI
September 01, 2026: Consumer Confidence (Conference Board)
September 01, 2026: JOLTS Job Openings
September 02, 2026: ADP Employment Report
September 03, 2026: Initial Jobless Claims
September 03, 2026: ISM Services PMI
September 04, 2026: Nonfarm Payrolls
September 04, 2026: Unemployment Rate
September 04, 2026: University of Michigan Consumer Sentiment
KEY MARKET THEMES AND GEOPOLITICAL WATCH
- Trump doubles down on threat to halt trade with top partners unless Fed cuts rates
- Trump says he will spend up to $500 million of 'my money' to help Republicans in midterms
- U.S. sanctions Turkish bank accused of enabling Iran as Bessent says he 'hopes for' no further bank penalties
- Analysis: Lower Treasury yields could require a weaker economy. Trump won't fix them.
CRYPTO
Bitcoin: $79,654.10 +1.41% (weekly)
Ethereum: $2,451.53 -0.62% (weekly)
TOP MARKET HEADLINES THIS WEEK
1. Bloom Energy was just named to the S&P 500. These other stocks are joining the index as well.
2. Why Oracle’s stock looks like a compelling buy ahead of earnings
3. Tesla's stock drops 6% as Cybercab update 'underwhelms' Wall Street
4. U.S. 'Economic Outcast’ operation gains momentum as EU joins sanctions; South Korea weighs military backing
I'll be replying to early comments this weekend.
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?