Market Condition: All Time Highs/Choppy/Earnings Season
Commentary: This tough market continues. Last week saw hope with several nice breakouts only for most of them to die back into the range.

Brazil Theme was probably the cleanest mover of the week with XP and PBR giving nice moves. In the main though it’s a difficult environment.

Nothing of note over the weekend in terms of news apart from the Russia Energy Ceasefire which doesn’t seem like it’s particularly real or meaningful to us trading catalysts. Market Indicators getting a bounce. QQQ tight range now near the highs. The setup into earnings is compelling if we can get some traction.

This week earnings season begins with the banks. Nothing really exciting otherwise this week. ASML, FAST, SOTK are the ones I see with reasonable charts but I don’t expect anything brilliant in terms of earnings moves this week. Next week is really where we’ll start to get a few interesting names and our busiest period of the Quarter arrives.

CPI & PPI this week also. The banks commentary will likely be watched closely along with the Macro.

I haven’t traded particularly well in the past week but I’m hopeful for earnings season. Remaining calm here. This week if you have down time go through the previous winners charts and refresh yourself on the patterns you are looking for. Keep an open mind into earnings and first of all follow the chart patterns. Secondary we look at the catalyst. That is always the way.

Note: I have moved fully back to Beehiiv now as my Newsletter Provider meaning the Substack chat is now closed. This was a great experiment but I had several frustrations with Substack including a huge amount of bots and attempted scams impersonating me to target subscribers. I am considering a Pro discord in the future, which would be more secure. We will see, nothing decided yet. Always interested to get feedback from people. Really enjoyed the discussion with the Chat each day.

Tuesday Before Open: JPM, JNJ, UNH, GS
Wednesday Before Open: ASML, FAST, SOTK
Thursday Before Open: TSM

Full Earnings Watchlist: TradingView

Stocks in Play Watchlist: TradingView

Power Plays flags: IDT, SNPS, CIEN, EXTR, BTSG, QTEX

Consolidations flags: GOOG

OKTA - Earnings Catalyst - 27th August 2026 - 34% Remaining
DELL - Earnings Catalyst - 2nd September 2026 - 70% Remaining
MRNA - Power Play - 17th September 2026 - 49% Remaining
PENG - Earnings Catalyst - 7th October 2026 - 100% Remaining

Monday October 12 2026
Fed speakers: Hammack 12:50 PM

Tuesday October 13 2026
Fed speakers: Waller 3:45 AM, Barkin 1:00 PM, Collins 4:00 PM

Wednesday October 14 2026
8:30 AM - Inflation Rate MoM (Sep) (Previous: 0.4%, Consensus: 0.6%)
8:30 AM - Core Inflation Rate YoY (Sep) (Previous: 2.4%, Consensus: 2.5%)
8:30 AM - Core Inflation Rate MoM (Sep) (Previous: 0.3%, Consensus: 0.2%)
8:30 AM - Inflation Rate YoY (Sep) (Previous: 3.4%, Consensus: 3.7%)
Fed speakers: Bowman 5:40 AM, Barkin 1:30 PM

Thursday October 15 2026
8:30 AM - Retail Sales MoM (Sep) (Previous: 1.4%, Consensus: 0.3%)
8:30 AM - Core PPI MoM (Sep) (Previous: 0.2%, Consensus: 0.3%)
Fed speakers: Hammack 4:30 PM

Friday October 16 2026 (monthly options expiry)
No scheduled data of note.

Fri 9 Oct – Wed 14 Oct · ACG Meeting - Biotech
SBS

Sat 10 Oct – Tue 13 Oct · European College of Neuropsychopharmacology (ECNP) Congress - Biotech
SPTX,

Mon 12 Oct – Wed 14 Oct · Maxim Growth Summit
HLF, NVCT, BRAI, DVLT, SRFM, RDZN, MNOV, FATN, GANX, INMB, DWTX, CAST, GAME, FLNA, VTIX, EVA, DRK, APRE, GYGY

Thu 15 Oct – Fri 16 Oct · Piper Sandler Oncology Symposium - Biotech
IBRX

Mon 12 Oct · Canaccord Genuity Drug and Device - Healthcare
ATHE

Wed 14 Oct · BTIG Kidney Health Forum
TBBK

Thu 15 Oct · ThinkEquity
R, CHCO, SIDU, ROLR, FFR

Thu 15 Oct: IAM - Iambic Therapeutics, Inc. - $15.00-17.00 range - $150M deal - NASDAQ - Technology and clinical-stage life sciences company pursuing a fundamental shift in the biopharmaceutical industry.

XBI -0.4% on the week and -1.9% on the month, under its 50-day. The sector tailwind is gone for now. Reactions have to prove themselves.

Flagged Charts: MRK, IRD, AGIO, INO, ZYME, IVVD, SYRE, DFTX

Note: Never front-run biotech catalysts. Wait for the catalyst to hit, then assess if the reaction is tradable. Dates are estimates and can shift.

Full H2 Biotech Watchlist: TradingView

Have a Great Week!

Sean Sharpe