Reason: AMZN cracked from the basket's steadiest name into RSI 37.2 on a -6.12% week; NVDA stabilized instead, RSI ticking back to 51.0 with both 7D and 30D turning positive; MRVL and ARM's 30-day drawdowns eased (though both remain down >27% on the month); PLTR's bounce reversed into a fresh collapse-regime leg down.

Tape Read

The basket's steadiest name broke this week. AMZN's RSI dropped to 37.2 (was 51.4), a fresh -6.12% weekly decline, now -16.12% off its 52-week high — the read that had carried it through two straight cycles as "the steadiest name in the group" no longer holds, even though golden cross and the intact thesis flag both survive. NVDA moved the other way, cooling episode over: RSI 51.0 (was 48.1), +1.99% 7D and +3.94% 30D — both metrics flipped positive after last read's giveback, still pullback but thesis flagged intact. TSM's decline paused too: RSI 42.3 (was 39.4), +1.27% 7D (was -8.23%), though the 30-day print stays negative at -8.49%. MRVL and ARM both saw their 30-day drawdowns ease — MRVL to -29.79% (was -39.23%) and ARM to -27.59% (was -39.2%) — an improvement in pace, not a recovery: both remain in pullback with RSI in the high-30s and unrated/"intact-but-priced" thesis flags. PLTR is the other downgrade: RSI 41.9 (down from 52.9), -7.15% 7D, now flagged collapse regime and -40.55% off its 52-week high — last read's bounce fully reversed. Source: full-scan pre-computed summaries as of the 2026-07-24 close — *.

• NVDA — WATCH (upgraded from downgrade-watch): RSI 51.0 (up from 48.1), pullback, thesis flagged intact, 7D +1.99% and 30D +3.94% (both were negative last read) — the cooldown paused and reversed, first genuinely positive week in this file's recent run.
• AMZN — WATCH (downgraded from PROMOTE): RSI 37.2 (down sharply from 51.4), -6.12% 7D, -16.12% off 52wk high — the "steadiest name" read just broke; golden cross and thesis-intact flag survive, but the confidence behind the call doesn't.
• TSM — WATCH (upgraded from PASS): RSI 42.3 (up from 39.4), 7D +1.27% (was -8.23%) — the slide paused, though -8.49% 30D means it's not yet a clean reversal.
• MRVL / ARM — PASS: 30-day drawdowns eased to -29.79%/-27.59% (were -39.23%/-39.2%) but both stay in pullback, RSI high-30s, unrated/intact-but-priced — a slower bleed, not a floor.
• PLTR — PASS (further downgraded): RSI 41.9 (down from 52.9), -7.15% 7D, now collapse regime, -40.55% off 52wk high — last read's bounce reversed into a fresh leg down.

Lead pick: NVDA — the only name in the basket with RSI, 7D, and 30D all turning positive this cycle. AMZN is this week's flag: the one name that had held an unchanged, steady read through multiple cycles just posted its worst week in this file's history.

Sources

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-24 close — *.