TOP 5 STOCKS TO WATCH THIS WEEK | SEPTEMBER 2026
In a Nutshell
Market sentiment is overbought across major indices and tech stocks, with key resistance at Nasdaq/QQQ highs and potential downside risk if support breaks this week. Micron earnings on September 30th and critical data (PCE, GDP, jobs) could trigger volatility, while Apple, Meta, and MicroStrategy show elevated valuations with unfavorable risk-reward at current levels. Traders should wait for confirmation before entering positions, avoid leverage during uncertainty, and use proper position sizing given the high-volatility environment.
These notes were generated by AI and may contain inaccuracies.
As of September 27th at 5:51 PM Arizona time, QQQ is down approximately 0.15% in overnight hours. Meta is showing a 1.59% decline, having pulled back from recent highs near $800 after starting from lows around $550. This represents a pullback to the EMA after an extended bullish run, with the stock appearing overbought. Current uncertainty stems from Middle East developments, with comments suggesting the Iran situation may resolve soon.
This week features several critical data releases that will influence Federal Reserve rate decisions. Tuesday includes the consumer confidence report and JOLTS job openings data. Wednesday brings the PCE inflation report, which serves as the Federal Reserve's preferred inflation measure. Wednesday also features GDP data. Thursday includes the ISM Manufacturing PMI. Friday brings another employment report. A total of 22 Fed speakers are scheduled throughout the week.
Current Fed rate monitor tool shows a 66.6% probability of rate increases. The labor market and PCE inflation data will be pivotal: a weak labor market reduces the likelihood of continued rate hikes, while a strong labor market could support additional increases. Lower-than-expected PCE inflation could provide market relief and reduce the need for rate hikes at the next FOMC meeting.
Micron is scheduled to report earnings on September 30th, likely after market close. The company has demonstrated exceptional performance, moving from lows around $300 to highs near $500, pulling back to $300, then surging to $1,200. Memory chip stocks have traded sideways recently, including SanDisk and Micron.
Current resistance sits around $1,100, with potential support near $900 if rejected. Earnings expectations include $3.116 EPS and $50.45 billion in revenue. Historically, Micron has shown significant post-earnings volatility with moves ranging from 3.7% to 19%.
The stock trades at 24.2 times earnings and generates $90 billion in revenue with $50 billion in net income. While sold out for the next 3-5 years, concerns persist about the cyclical nature of memory chip stocks, though management claims this cycle is different.
Markets have maintained bullish sentiment despite recent volatility. When sentiment shifts occur, downside potential appears greater than upside based on $1,100 resistance. A rejection at this level would likely target the $900 support range.
For beginners, shorting is not recommended. Position sizing should reflect current uncertainty levels. Confirmation of direction is essential before entering positions, and exposure should match the volatility expected this week.
Chipotle trades with 19.1% fair value upside but doesn't appear significantly undervalued. Revenue grew nearly 10% year-over-year, though concerns include falling restaurant margins, comparable sales guidance, and a Manila outbreak. The stock consolidates in the same range seen in 2022.
Technical momentum is weak, and the stock shows characteristics similar to Starbucks' recent challenges. For swing trading, wait for confirmation of reversal through the three-stage process: rejection, consolidation, then confirmation. The preference is to be late to a rally rather than early to a selloff. Current price action could potentially decline to $28 or $25 before recovering.
Apple recently reached new all-time highs and represents a significant long-term holding. However, the current risk-reward profile appears unfavorable with 15-16% potential downside from these levels. The P/E ratio stands at 38.6 times earnings, which is elevated compared to historical averages.
The company generates substantial revenue and net income, but the question is whether shares represent a fair value purchase. Long-term investment remains attractive, but timing purchases during selloffs rather than at peaks is the preferred approach. The strategy involves adding positions when value appears rather than rushing into elevated levels.
MicroStrategy operates at a fundamental loss as a software business, generating approximately $498 million annually while spending around $1 billion. The company reports $300 billion in net income loss due to its Bitcoin holdings. The business loses approximately $500 million yearly from operations but uses Bitcoin acquisition as its primary strategy, often diluting shareholders.
MSTR's price action correlates directly with Bitcoin movements. When Bitcoin trades below $80,000, short opportunities may emerge. Current Bitcoin consolidation above $80,000 maintains elevated risk for swing trades. Day trading MSTR has proven profitable when Bitcoin direction is clear, with recent trades generating over $7,000 using $200,000 in share positions.
Circle pushed up to highs of nearly $300 per share before crashing down to lows of $50 and ripping back up to $135. It's an incredibly volatile stock. If you're terrible at risk management, it's best to stay away from this one. Based on its recent setup, it's overbought enough that if it breaks support around $85 to $80 per share, there's a gap down to $60. The risk-to-reward ratio is 1.21, which is not super attractive. The direction has been favorable for bears, but it depends on comfort with shorting and risk management skills.
Meta, Nvidia, Google, and other major stocks are all overbought within the short period of time. The NASDAQ, QQQ, and SPY are all overbought. When NASDAQ begins to fall, all individual companies will fall regardless of their individual performance. Markets pushed up higher for no reason, giving many stocks momentum, but now the repercussion is that if you bought at these elevated levels, you need to be careful if support breaks and there's a gap down.
There's nothing wrong with holding. Just make sure that you're not using leverage and that you can tolerate the time that it might take for it to recover.
The giveaway is sponsored by Weeble and runs for four weeks total. This is the first week. To participate, use the first link in the description to sign up for Weeble and make an initial deposit. The deposit can be $5 or $100 - it doesn't matter, but you must have an initial deposit to be a qualified entry. Then join the free Discord chat linked in the description. Next Sunday, the giveaway will be done again.
A fake account was caught in the Discord pretending to be part of the team. No one on the team will ever reach out asking for personal information or access to your Weeble account. The only service offered is LPP live trading sessions. If you get a friend request or weird spelled name pretending to be the host, it's not them. The host sends winners to Weeble contacts who fund accounts directly.
LPP is the only service offered - live trading sessions. Weeble is considering sponsoring anyone who joins LPP and uses Weeble. One or two people might be chosen to give access to LPP, and if someone already paid for LPP, they would be refunded. This is another reason to join the daily live sessions.
Trade Olympics is a Discord for weekly challenges. The rule section shows the first step is to sign up for Weeble using the Canada link if applicable, and the second step is to join the free Discord. When exported, there were 267 people, with 275 showing currently and 8 people joining earlier today.
The giveaway had 267 people entered, though not all signed up using Weeble. Three winners were chosen in case the first or second aren't qualified users. The first winner is Rorow 6534, the second winner is Mayo 99, and the third winner is Dealzone 15. Winners will be tagged in the announcement section of the Trade Olympics Discord. Congratulations were already appearing in the Discord chat.
Do not ruin the week by taking too aggressive of a trade that you later end up regretting. It's always better to cut losses on a loser than to baghold a position that you later end up regretting. LPP live trading sessions happen every morning right at market open. It's discounted until the end of September, breaking down to $110 a day. One-time payment gives lifetime access. The second link in the description says LPP live trading for signup, and recent live sessions from September can be watched before joining.
Let's make sure that we end the year on a green note.
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