Sector by Sector: My Market Read This Week

Computer Hardware is beating Semiconductors on every timeframe, and it's storage names doing the heavy lifting. SanDisk, Seagate, Super Micro, and Arista

This week we watched the market swing from optimism to fear and back. Monday's tech and materials strength gave way to Iran tensions and a bond market spooked by AI-driven debt issuance, pushing 30-year yields to their highest since 2007. The Treasury stepped in with expanded bond buybacks. We opened Netflix, added Hinge Health and Amazon to our watchlist, and are watching healthcare's rotation heading into Nvidia's earnings next week.

Amazon just reclaimed its $258–$260 support shelf and is now trading back above its 9, 20, and 50-day EMAs — a clean trend-continuation setup. The bounce comes alongside a strong Q2, with AWS growth accelerating to 37% and margins expanding, even as heavy AI capex keeps free cash flow negative near-term. Watch $268 for confirmation of continuation, $260 as the level that invalidates it. Not financial advice — just why it's on our radar.

Healthcare's still the strongest sector out there, and one industry inside it, Health Information Services, keeps standing out from the rest. That's where I found Hinge Health, a name I'd never even looked at before this week. Digital physio, no debt, margins expanding, and a chart that's just pulled back into a spot worth watching. Here's why it's earned a place on the watchlist, the numbers behind it, and my target for where it's heading.

3 September 2026 SanDisk was the best-performing stock in the S&P 500 in the first half of 2026. Up 726%. Then it lost more than half its value in about a month. It's now trying to find its feet. It's on my watchlist. I'm not in it yet. This post is about what I need to see before I am. What SanDisk Does Makes NAND flash memory. The chips that store [...]