Reason: Cyber leaders PANW/FTNT at ATH; DDOG breakout standout (+109% 3m); broken SaaS cohort RSI-bouncing but structurally unfixed.

Notes

Tape-read: bifurcation sharpened into EOW. PANW and FTNT touched near-ATH (RSI 70.5 and 67.7, -0.67% and -0.93% off highs). NET broke out of oversold (+3.44% week, RSI 54.6). DDOG is the stealth standout — +109.4% 3m, RSI 62.3, -14% off high. Meanwhile, NOW/CRM/ZS saw RSI bounces but trends remain structurally broken — these are oversold stabilizations, not bases.

• PANW — APPROACHING-EXTENDED · RSI 70.5, uptrend, +106.9% 3m, golden cross, -0.67% off high; +0.7% week, nearing overbought — flag before adding.
• FTNT — CONFIRMED-BREAKOUT · RSI 67.7, uptrend, +93.5% 3m, golden cross, -0.93% off high; +1.7% week, leadership intact.
• CRWD — CONFIRMED-BREAKOUT · RSI 60.9, strong-up, +89.7% 3m, golden cross, -10.76% off high; mild pullback (-1.4% week) within uptrend.
• OKTA — CONFIRMED-BREAKOUT · RSI 64.4, strong-up, +69.7% 3m, +38.9% 30d, golden cross, -12.7% off high; identity recovering cleanly.
• DDOG — CONFIRMED-BREAKOUT · RSI 62.3, strong-up, +109.4% 3m, golden cross, -14.0% off high; observability winning while platform SaaS bleeds.
• SNOW — CONFIRMED-BREAKOUT w/ caveat · RSI 65.0, +42.1% 30d, +62.9% 3m, -12.6% off high; recovery impressive but death-crossed — treat with reduced size.
• NET — CONFIRMED-BREAKOUT · RSI 54.6, strong-up, +16.9% 3m, golden cross, -14.3% off high; +3.4% week = breakout from oversold zone (was RSI 46.8).
• CRM — BROKEN-AVOID · RSI 41.5 (bounced from RSI 32), collapse, -42.8% off high, death cross; RSI bounce doesn't fix the broken trend.
• NOW — BROKEN-AVOID · RSI 47.3 (bounced from RSI 38), downtrend, -53.5% off high, death cross; -5.7% week confirms SaaS-first bleeding continues.
• ZS — BROKEN-AVOID · RSI 48.5 (bounced from RSI 41), downtrend, -60.75% off high, death cross; -1.1% week, still falling-knife territory.

Biggest movers this week: NET +3.4% · FTNT +1.7% · OKTA +0.9% · PANW +0.7% · NOW -5.7%

Lead pick: DDOG — confirmed breakout, RSI 62.3, +109.4% 3m, golden cross, -14.0% off high = most room left in the winner cohort (PANW/FTNT already touching ATH). Trigger: flag/consolidation holding SMA20 (~$236); skip CRM/NOW/ZS entirely.