Reason: GOOGL's cooling accelerated into a real decline - RSI fell to 32.8 (near-oversold) on a -7.79% week, its worst print in this file's run; AAPL cooled off its overbought extreme but stays the complex's leader; NVDA's giveback paused and reversed; MSFT's bounce reversed, still the most damaged name in the group.

Tape Read

GOOGL is this cycle's flag: what had been read as "continues cooling" for two straight reads just turned into a genuine decline — RSI 32.8 (down sharply from 42.5), a fresh -7.79% week (was -2.91%), now -22.25% off its 52-week high (was -15.13%) — golden cross survives and the thesis stays flagged intact, but this is no longer a "steadier hold." AAPL cooled off last read's overbought extreme: RSI 65.4 (down from 71.6), 7D essentially flat at -0.22%, still +13.63% 30D and -3.98% off a 52-week high — still the tightest to a fresh high in the complex, just less extended than last read. NVDA's giveback paused: RSI 51.0 (up from 48.1), 7D flipped back to +1.99% (was -3.86%) — the reversal that had started last read reversed again. MSFT ticked back down: RSI 44.5 (down from 51.7), -3.08% 7D (was +2.26%), now -31.3% off its 52-week high (was -29.1%) — still the most damaged name in the group, this week's bounce didn't hold. Source: full-scan pre-computed summaries as of the 2026-07-24 close — *.

• AAPL — PROMOTE: RSI 65.4 (down from 71.6), strong-up, golden cross, -3.98% off 52wk high — still the leader, cooling off last read's overbought extreme rather than deteriorating.
• NVDA — WATCH (upgraded): RSI 51.0 (up from 48.1), 7D back to +1.99% — last read's giveback paused and reversed, still thesis flagged intact.
• GOOGL — PASS (downgraded from WATCH): RSI 32.8 (down sharply from 42.5), -7.79% 7D, -22.25% off 52wk high — the cooling accelerated into a real decline, now near-oversold rather than a steady hold.
• MSFT — PASS: RSI 44.5 (down from 51.7), death-crossed, -31.3% off 52wk high — still the most damaged name in the group, this week's bounce reversed.

Lead pick: AAPL remains the leader even after cooling off its overbought extreme. GOOGL is the flag to watch: two reads of "continues cooling" just turned into a genuine near-oversold decline, the sharpest single-name move in this basket this cycle.

Sources

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