Preview of the Week Ahead
W/C Feb 2, 2026
Hope you all are having a good weekend. Below we will be previewing the upcoming week and providing a portfolio update as usual.
Format for what is covered in this weekly preview:
A look at the indices
Key upcoming economic events
Upcoming earnings reports
Charts
Notable portfolio changes from the previous week
Current Portfolio Holdings (Position size, cost basis, and commentary on each holding regarding the intended holding period and any planned activity)
Closing Thoughts
I highly recommend checking out the latest Monthly Portfolio and Performance Update (TWR +400% since Jan ‘23), as well as my post below covering the stocks and setups I like heading into 2026.
For all readers a reminder that taking on board the feedback from the Six Sigma Research poll, I have extended a one time discount on the annual membership which expires on the 6th of Feb.
This saves approximately 30% compared to the monthly rate and is more than 45% cheaper than the Substack app price. Access below:
Indices
Dow Jones declined 0.71% in the last week
S&P 500 advanced 0.05% in the last week
Nasdaq Composite declined 0.3% in the last week
IWM declined 1.94% in the last week
Key upcoming economic events:
Monday, February 2
ISM Manufacturing PMI (Jan)
Construction Spending (Dec)
Tuesday, February 3
JOLTS Job Openings (Dec)
Wards Total Vehicle Sales (Jan)
Wednesday, February 4
ADP Nonfarm Employment Change (Jan)
ISM Services PMI (Jan)
EIA Crude Oil Inventory Report
Thursday, February 5
Initial Jobless Claims (Weekly)
Unit Labor Costs & Nonfarm Productivity (Q4)
Friday, February 6
Nonfarm Payrolls (Jan)- Potentially the most important report of the week.
Unemployment Rate (Jan)
Average Hourly Earnings
Upcoming Earnings
The schedule this week is jam packed and I have several portfolio companies reporting. Below is the infographic by Earnings Whispers:
Charts
SPX
Currently trades at 6,939.03 , 1.19% above a rising 50SMA and 7.93% above the 200SMA.
RSI 53.36
+1.17% YTD
Distribution days in the last week: 1
The SPX had another turbulent week but ends the week above all key MA’s.
COMPQ
Currently trades at 23,461.82, 0.56% above a rising 50SMA and 9.29% above the 200SMA.
RSI 49.43
0.97% YTD
Distribution days in the last week: 1
The Nasdaq Composite had a volatile week, testing the 50-day SMA on Thursday; it ended the week above the 50-day SMA but below the 21-day EMA. A significant drop in MSFT was a major contributor.
BTC (currently Long)
Currently trades at $76,369.19, 14.12% below the 50SMA and 26.39% below the 200SMA.
RSI 22.66
-13.95% YTD.
BTC is down ~14% over the last week and >16k from when I was writing the weekly post two Sundays ago. BTC is selling off on high volume, making fresh 52-week lows and remains firmly below all key moving averages. The mid 74k level was the Tariff meltdown low and I suspect that level gets tested overnight.
IREN (No position)
Currently trades at $53.74, 15.54% above the 50SMA and 69.43% above the SMA 200.
RSI 52.76
+25.85% YTD
I’ve been featuring IREN since the turn of the year and it’s had a stellar start, rallying nearly 26% YTD even despite the -10% pullback on Friday.
I have been watching and studying the miners/AI infra plays for several months now and in terms of price action IREN has continued to lead the way.
IREN is down in the 24H early trading session, likely due to it’s correlation with Bitcoin. If it can test and hold the SMA 50 at 46.51 or regain the EMA 20 during the cash session, it could be interesting long leading into it’s earnings on Thursday and a rumoured deal announcement.
APP (No position)
Currently trades at $473.11, 24.44% below the 50SMA and 4.51% below the SMA 200.
RSI 29.94
-23.48% YTD
AppLovin has been under pressure of late due to short reports, and then on Friday, Google released Project Genie, which led to further selling. To me, that did not make sense, given they divested their own game-making business in 2025. $APP currently sits at its mid-August high. To consider going long, I would like to see a reclaim and hold of the 200-day SMA.
Notable portfolio changes in previous week (all updated live in subscriber channels):
Exited a small Bio position (CATX)
Note that I have separated my accounts: my main Investment Account is shown below, alongside a separate, smaller Trading Portfolio. Read this post for more details.
Current Positions in Size Order with Cost Basis:
Cash: 12.77% (Pounds Sterling)