Reason: WMT's recovery reversed - RSI fell back to 38.1 (from 46.5) on a -4.18% week - flipping the narrative from last read's continuing bounce; YUM's sharp reversal-lower paused instead, RSI ticking up to 39.2 with a positive week; COST's bounce confirmed it has stalled, as flagged last read; TJX held roughly flat.

Tape Read

WMT is this cycle's downgrade: RSI fell to 38.1 (down from 46.5) on a -4.18% week, -8.01% 30D — last read's recovery from an oversold print has reversed rather than continued. YUM, last read's sole oversold name and "complete reversal" story, stabilized instead: RSI 39.2 (up from 35.4), 7D turned positive at +0.68% (was -9.55%), and its regime shifted to basing — the sharp reversal-lower paused, though it's too early to call a base. COST's bounce confirmed the "already played out" call from last read: RSI 46.5 (roughly flat from 47.3), -0.62% 7D (was +2.69%) — no further follow-through. TJX held roughly flat too: RSI 47.8 (was 48.2), -0.16% 7D, regime now basing — the earlier improvement has stalled. Source: full-scan pre-computed summaries as of the 2026-07-24 close — *.

• YUM — WATCH (stabilizing): RSI 39.2 (up from 35.4), 7D turned positive +0.68%, regime now basing — last read's sharp reversal has paused, not a clean add yet but no longer accelerating lower.
• WMT — PASS (downgraded from WATCH): RSI 38.1 (down from 46.5), -4.18% 7D, -8.01% 30D — the recovery flagged last read has reversed.
• COST — PASS (downgraded from WATCH): RSI 46.5 (roughly flat from 47.3), -0.62% 7D — confirms last read's "bounce already played out" call; the setup has fully resolved with no follow-through.
• TJX — WATCH: RSI 47.8 (roughly flat from 48.2), regime basing — improvement has stalled, still the weakest golden-cross name behind WMT/YUM.

Lead pick: No clean carry-forward in this basket. YUM's stabilization is the one to watch — the sharp reversal that made it the sole oversold name in the group has paused rather than continued. WMT is this cycle's downgrade: the recovery that looked to be continuing last read just gave it back.

Sources

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