The SOX semiconductor shares are showing weakness with a breakdown from a head and shoulders pattern, sideways trading, and continued downside in RSI and PPO, with money flowing out.
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Markets, Charts, & Trades 28 Aug 2026
Aug 30, 2026
The creator reviews the stock market performance for the week ending August 28th, 2026. Major indexes showed mixed results, with the Dow Jones Industrial Average leading gains and semiconductors being the worst performing sector. The creator discusses the impact of Fed chair Warsh's speech on interest rates and inflation expectations, leading to increased probability of a September rate hike. The creator also mentions trimming real estate holdings due to rising interest rates.
Linked Mentions
Tickers discussed in this post
AT&T has confirmed a cup with handle pattern with a price objective of $28.05 and is showing strength on weekly charts.
Microsoft (MSFT) is in an accumulation trend with a neutral bias, showing positive price momentum and a confirmed cup with handle pattern, suggesting potential upside targets.
The creator is managing a covered call strategy on an unnamed stock, having closed a profitable call and opened a new one with a strike of $32.
HPQ shows bullish technicals and a dividend yield, but appears extended and trades above its normal market multiple while below fair value.
Tesla was down 1.71% for the week, contributing to a mixed performance in the consumer discretionary sector.
Amazon performed very well on Friday, up 3.97%, contributing to a mixed bag for the consumer discretionary sector.
Nvidia helped the technology sector gain 1.3% for the week, despite selling off a bit on Friday.
Netflix was up 2.35% on Friday, which helped boost the communication services sector for the week.
Linked Signals
Tracked calls opened from this post
MSFTbuy opened Aug 30, 2026
+3.47%