Seeing a retracement bounce after aggressive sell-off; technical bounce from 100-day moving average; net new sellers entering market; rolling correction within market with weakness in tech/software but strength in staples/industrials; Mag 7 names not trading well.
Asking about Amazon earnings and CapEx spend.
Diane
Kevin Green
Amazon shares down but off lows; missed adjusted EPS but beat revenue; AWS and advertising revenue beat; $200B CapEx for 2026 vs $146.6B expected; market concerned about decelerating growth and pressured free cash flow.
Asking about Bitcoin recovery and correlation with tech sector.
Diane
Kevin Green
Bitcoin defending key support; needs close above 68,000 for healthy hammer candle; technical damage with physical holders selling; Bitcoin has decoupled from broader equity market.
Asking about Reddit earnings.
Diane
Kevin Green
Reddit beat earnings and revenue; strong daily active users globally; guidance exceeded expectations; benefiting from AI data deals with mega caps; decent bounce after breaking below 200-day MA.
Asking for S&P 500 levels to watch.
Diane
Kevin Green
S&P 500 range 6910 upside, 6700 downside; VIX at 20.3 implying 1.2-1.3% move; volatility elevated; treat as dead cat bounce until above key resistance at 69925.