Oct 13, 2026 · 24 min

AMD reversal tests market leadership before CPI

Indexes Drift Lower Ahead Of Inflation Report: AMD, CAKE, URBN In Focus

The episode shows how investors are managing a measured index pullback while distinguishing durable leadership from setups that still need confirmation.

3 key takeaways

1Major indexes are pulling back orderly, with breadth and support at key moving averages shaping the market’s near-term health.
2AMD’s upside reversal offered a managed entry, but profit-taking and buy-zone discipline remained central to the trade.
3Urban Outfitters is building a potential retail breakout as investors prepare for earnings season and upcoming CPI data.

Don't miss

AMD’s upside reversal after undercutting its 21-day moving average becomes the episode’s clearest lesson in entry and risk management.

The brief

Alissa Coram and Ken Shreve frame the market’s decline as orderly rather than damaged, focusing on index support, breadth and whether participation is improving.

The central tension is whether emerging leadership can offset softer major indexes before CPI; equal-weighted performance and sector strength offer early clues.

AMD becomes the clearest test case after reversing higher beneath its 21-day moving average, with Ken explaining the purchase and Alissa assessing its relative strength.

The hosts revisit AMD’s prior handle, buy point and risk profile after Alissa takes profits, emphasizing that the entry stayed within the proper buy zone.

Urban Outfitters supplies a second setup through a series of weekly bases, while the approaching earnings season raises the value of monitoring actionable winners.

What was said on this episode

16 statements · 11 positive · 4 negative · 1 neutral

Ken Shreveon NasdaqPositive2:25
The NASDAQ is currently showing strong technical conditions.
“the NASDAQ is looking, you know, pretty strong here”
Listen at 2:25
Ken Shreveon Price of oilNegative4:43
Oil prices may remain elevated for some time because of geopolitical risk.
“oil prices could stay high for a little bit, a while here”
Listen at 4:43
Ken Shreveon Market and third-quarter earnings seasonPositive5:23
The market is showing strength and optimism about third-quarter earnings.
“the market is still showing a lot of strength and clearly optimism about third quarter earnings season”
Listen at 5:23
Ken Shreveon semiconductorsNegative7:47
The semiconductor sector remains technically challenged.
“the semiconductor sector as i've been saying in in recent weeks that is still I think challenged”
Listen at 7:47
Ken Shreveon Advanced Micro Devices, Inc. (AMD)Positive10:37
AMD is one of the top performers in the semiconductor space.
“AMD, we look at as definitely one of the top performers in this space”
Listen at 10:37
Ken Shreveon Advanced Micro Devices, Inc. (AMD)Positive11:58
AMD is well positioned under Lisa Su.
“this company under Lisa Su is very well positioned”
Listen at 11:58
Ken Shreveon Advanced Micro Devices, Inc. (AMD)Positive12:15
AMD has become a major, rapidly growing CPU and AI-chip player.
“AMD just kept innovating, and they're right there, right with AMD in terms of their CPUs and all of a sudden a major player in major growth mode”
Listen at 12:15
Ken Shreveon AI chipsPositive12:31
The AI-chip market can support more than one major player.
“definitely room for more than one player in this field of AI chips”
Listen at 12:31
Ken Shreveon Cheesecake FactoryPositive14:24
Cheesecake Factory is one of the leaders in the restaurant group.
“we definitely look at Cheesecake Factory as one of the leaders in the group”
Listen at 14:24
Ken Shreveon Cheesecake Factory breakoutPositive15:48
Cheesecake Factory’s breakout has a chance of succeeding.
“I think it has a chance of working here”
Listen at 15:48
Ken Shreveon Urban Outfitters, Inc.Negative18:11
Urban Outfitters may fail to advance after its breakout attempt.
“we're not really convinced that it is going to be able to move from here”
Listen at 18:11
Ken Shreveon Urban Outfitters, Inc.Negative19:06
Urban Outfitters is probably a secondary rather than leading retail stock.
“we decided that probably not. It's probably like, you know, maybe the B or C stock at this point.”
Listen at 19:06
Ken Shreveon Earnings seasonPositive20:47
The upcoming earnings season will likely be strong.
“I think earnings season is going to be pretty darn good”
Listen at 20:47
Ken Shreveon Third-quarter earnings seasonPositive21:02
Third-quarter earnings season is expected to be good.
“I think we have a good third quarter earnings season to look forward to”
Listen at 21:02
Ken Shreveon ASML earnings reportNeutral21:59
ASML’s report will significantly affect the technology sector.
“ASML will be a big one in the tech sector”
Listen at 21:59
Ken Shreveon Earnings seasonPositive22:12
Overall earnings season should be favorable.
“It should be overall a good earnings season”
Listen at 22:12

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.