Sep 17, 2026 · 25 min
Market rebound tests whether leadership can broaden
Stocks Rebound In Day Two Reaction To Fed; AMD, Moderna, SpaceX In Focus
The rally after the Federal Reserve decision looks constructive, but weak breadth and incomplete technical recovery keep new exposure in check.
- 1The Nasdaq and S&P 500 rebounded, yet many indexes remain below important technical levels.
- 2Software, cybersecurity, biotech and metals showed stronger leadership than chips, which still need technical improvement.
- 3AMD cleared a buy area, Moderna tightened above key levels, and SpaceX retained a promising but riskier setup.
Don't miss
The AMD discussion shows how relative-strength comparison can identify leadership before a stock breaks out.
The brief
Alissa Coram and Ed Carson assess the market’s second-day rebound after the Federal Reserve decision, finding encouragement in the indexes but caution in uneven breadth and technical conditions.
The rally’s foundation remains incomplete: small caps and equal-weight measures lag, many indexes sit below key levels, and Treasury yields continue pressuring financial stocks.
Sector rotation offers a clearer signal, with software, cybersecurity, biotech and metals showing relative strength while chips and AI hardware still need further improvement.
AMD provides the episode’s clearest leadership example, clearing a buy area on strong volume as relative-strength comparisons flagged its advantage before the breakout.
Moderna’s tight advance and SpaceX’s developing base show two different setups, balancing technical catalysts against news risk, cash-burn concerns and the need for disciplined risk management.
The takeaway is measured exposure: promising leaders are emerging, but the market needs broader participation and stronger technical confirmation before confidence can expand.
What was said on this episode
18 statements · 15 positive · 2 negative · 1 neutral
The Nasdaq currently has the strongest technical position among major indexes.
“The NASDAQ definitely looks the best out of these indexes.”
Listen at 3:03
Investors should add exposure incrementally as the Nasdaq clears successive technical levels.
“those are levels incrementally to continue to add exposure”
Listen at 3:24
Broader indexes need further improvement before investors should become meaningfully involved.
“we need to see some more before we feel any kind of real sense of getting involved.”
Listen at 7:36
A narrow Treasury yield spread is contributing to financial-sector weakness.
“that's one reason why the financials are struggling”
Listen at 8:31
A further 20% oil-price surge could damage the market rally.
“if oil drop surges another 20%, well, you know, that's going to happen.”
Listen at 9:20
Cybersecurity is currently one of the stronger market areas.
“So definitely, this is one of the stronger areas.”
Listen at 11:27
Traders should use the 50-day or 10-week moving average as a stop for cybersecurity positions.
“using the 50-day moving average or the 10-week as your stop. Seems like a good idea”
Listen at 11:53
A move toward yesterday’s highs could offer a reentry point in biotech.
“that might be a place you could try to enter again.”
Listen at 12:48
AMD cleared its buy area and was actionable for purchase.
“this one cleared that area. So I think this one definitely, you know, this was a day to be. buying it”
Listen at 15:17
AMD will likely rise rapidly if the chip sector strengthens.
“If the chips do take off, this one is probably going to be off to the races”
Listen at 15:52
AMD’s relative-strength line has reached new highs ahead of its price.
“The RS is leading. It's at new highs before the price.”
Listen at 16:41
Moderna’s growth is expected to return in the future.
“the growth, you know, presumably will return going forward.”
Listen at 19:10
Moderna’s current technical setup offered a favorable entry point.
“I think today was a nice day to be getting into this.”
Listen at 19:21
SpaceX’s revenue growth is expected to be tremendous from selling excess computing power.
“the revenue growth is going to be tremendous”
Listen at 22:25
SpaceX may become profitable as its revenue grows.
“maybe it's going to turn profitable”
Listen at 22:26
SpaceX was buyable around the 155 price area.
“I think it's right here at the 155 area is is definitely buyable”
Listen at 22:49
SpaceX is expected to deliver triple-digit revenue and earnings growth in coming quarters.
“some really strong triple digit growth expected on both the top and bottom lines here”
Listen at 23:39
SpaceX’s projected revenue and earnings outlook looks strong.
“there's no question that the top and bottom liner is looking a lot, looks strong going ahead.”
Listen at 24:05
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.