Sep 3, 2026 · 24 min
Tech rebound tests fragile market leadership
Snowflake Earnings Fuel Big Nasdaq Rally: SK Hynix, SpaceX, Marex In Focus
The episode weighs whether technology strength marks a durable turn or another brief rally in a choppy market where energy remains weak.
- 1Technology stocks led a broad rebound, but major indexes faced moving-average tests and the Russell 2000 lagged.
- 2SK Hynix, SpaceX, and Marex offered distinct breakout setups with different levels of technical risk.
- 3After-hours software reactions set up a crowded earnings calendar, with UiPath emerging as a recent winner.
Don't miss
The hosts distinguish three very different technical setups: SK Hynix’s volatile debut, SpaceX’s risky bottoming-base breakout, and Marex’s ascending-base breakout.
The brief
Alissa Coram and Ken Shreve open with a technology-led market rebound and three names in focus: SK Hynix, SpaceX, and Marex.
The Nasdaq, S&P 500, Dow, and Russell 2000 face different technical tests as Treasury yields, the dollar, Bitcoin, and cryptocurrency stocks add context.
Technology strength contrasts with energy and drilling weakness, underscoring the central tension: a powerful late-July move has not made this choppy market easy to navigate.
SK Hynix brings a volatile U.S. debut, SpaceX a potentially aggressive bottoming-base breakout, and Marex an ascending-base breakout added to the Leaderboard.
After-hours reactions from UiPath, DocuSign, Zscaler, and other software companies point toward a crowded earnings calendar next week, including Adobe.
What was said on this episode
15 statements · 13 positive · 2 negative
Market volume will increase next week after the Labor Day holiday.
“we're going to see volume pick up in the market next week after we come back from the Labor Day holiday.”
Listen at 3:14
The major stock indexes had a very bullish session.
“So very bullish session for the major stock indexes.”
Listen at 3:27
Robinhood experienced a favorable technical breakout.
“But a nice technical breakout for Robinhood today.”
Listen at 6:23
The market may begin moving out of its sideways range.
“Maybe that's the start of a bit of movement out of this sideways range.”
Listen at 7:58
September market conditions could be difficult to navigate.
“the month of September, you know, could be difficult to navigate”
Listen at 9:49
SK Hynix currently has the strongest technical setup among its competitors.
“SK Hynix is probably looking the best, I would say, out of all of them at this point.”
Listen at 11:23
SK Hynix could break above its recent highs.
“I think SK Hynix is in a position. where it could be ready to break out over some of these recent highs here.”
Listen at 11:55
SK Hynix holds about half of the high-bandwidth-memory market.
“I think they have about 50% of the high bandwidth memory market.”
Listen at 12:06
SK Hynix is a promising new issue.
“New issue, and I think it's got potential.”
Listen at 15:19
Overhead supply could hinder SpaceX's advance.
“So it could be a headwind for SpaceX.”
Listen at 17:20
SpaceX achieved a breakout from its base.
“this was definitely a breakout”
Listen at 17:54
Marex is experiencing strong accumulation and has attractive characteristics.
“Great accumulation going on here. So a lot to like.”
Listen at 20:11
The team will add Marex to its investment leaders list.
“So we'll give it a shot here.”
Listen at 20:24
UiPath has performed well in recent weeks.
“That UiPath, P-A-T-H, has been a nice little winner in recent weeks.”
Listen at 22:07
UiPath is an interesting enterprise-software company.
“UiPath is kind of an interesting name in that enterprise software group.”
Listen at 22:33
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.