Schwab Network

Technical Recovery Underway, AMZN AI Costs & Bitcoin Support Test


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The sustainability of Friday's bounce remains in question. Kevin Green suggests the S&P 500 (SPX) is finding temporary support at its 100-day moving average, though elevated volatility and new sellers entering the market indicate a "dead cat bounce" remains a distinct possibility. On the earnings front, Amazon (AMZN) shares experienced volatility following its massive CapEx forecast of $200 billion by 2026. Later, KG examines the crypto space, as Bitcoin (BTC) attempts to defend critical support levels near $55,000. Kevin notes that while the asset has recently mirrored the price action of software stocks, it continues to show signs of decoupling from the broader U.S. equity market.


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