Tech Insider Buys
Tech Insider Buys
2026-07-25 Tech Insider-Buys Scan — Enterprise Software Rips In One Session, Hardware/Semis Sell Off The Same Day, IONQ Stays The Deepest Oversold Name
A cluster of enterprise-software names — HUBS, TEAM, ADBE, WDAY, NOW, CRM, INTU — all jumped 4-9% in a single session, while hardware/semis names — ARM, MRVL, INTC, CRDO — and BE sold off 7-15% the same day. That's a clean same-session rotation, not a market-wide move either direction. Last cycle's "PANW/OKTA/CRWD reaccelerating while the broad tape cools" divergence has fully reversed — all three cooled back down this cycle (RSI 67→50, 65→53, 63→47) right alongside the broader tech tape. IONQ remains the deepest technical damage in the universe (RSI 26.2, 30D -38.73%, essentially unchanged from last scan's 25.7/-38.5%) — still no basing signal. TSLA meets the golden-signal criterion (RSI 28.1 with unchanged insider buying of +$205.3M) — see this cycle's companion insider-scan for the full read; structure here remains fully damaged.
Data as-of the 2026-07-24 close. Source: summaries/tech-insider-buys.json — price/technical fields only; insider dollar figures (TSLA +$205.3M, CRSP +$28.1M, ASAN +$8.6M) are cross-referenced from the pre-captured companion insider-scan:full report where the two universes overlap. Prior scan: 2026-07-17-tech-insider-buys (2026-07-17 close).
Quick Snapshot
| Signal | Reading |
|---|---|
| Overall | 🟡 A clean same-session rotation (enterprise software up hard, hardware/semis down hard), while last cycle's cyber-reacceleration story fully reversed |
| Same-session rally | HUBS +7.8%, TEAM +8.4%, ADBE +6.1%, WDAY +5.8%, NOW +7.4%, CRM +4.3%, INTU +5.3% — all enterprise-software names, all in one session |
| Same-session selloff | ARM -8.1%, MRVL -7.2%, INTC -7.9%, CRDO -9.9%, BE -14.9% — hardware/semis and BE, same session |
| Reversal of last cycle's story | PANW (RSI 67.4→50.5), OKTA (64.8→53.1), CRWD (62.9→47.3) all cooled back down this cycle after "reaccelerating" last scan |
| Deepest technical damage | IONQ (RSI 26.2, 30D -38.73%) — essentially unchanged from last scan, still no basing signal |
| Thesis flag change | HUBS shifted from `broken` to `intact-but-priced` since last scan — worth confirming on the next fundamentals refresh |
| Key insight | The scan's two structural stories — a same-session software/hardware rotation, and last cycle's cyber divergence fully reverting — both point to a tape that's rotating hard within tech rather than moving in one direction |
What's Going On
The scan's clearest pattern this cycle is a same-session rotation inside tech. A cluster of enterprise-software names all jumped hard in a single session: HUBS ($204.89, RSI 50.1, 1D +7.83%, 30D +13.37%), TEAM ($86.88, RSI 49.2, 1D +8.4%, 30D +6.54%), ADBE ($225.11, RSI 51.5, 1D +6.1%), WDAY ($135.34, RSI 50.1, 1D +5.84%), NOW ($98.78, RSI 45.8, 1D +7.44%), CRM ($163.66, RSI 47.5, 1D +4.29%), and INTU ($296.33, RSI 55.1, 1D +5.26%, thesis still broken — see below). In the same session, hardware/semis names sold off hard: ARM ($260.01, RSI 38.0, 1D -8.14%, 30D -27.59%), MRVL ($194.23, RSI 39.0, 1D -7.21%, 30D -29.79%), INTC ($92.32, RSI 37.4, 1D -7.89%, 30D -29.87%), and CRDO ($213.15, RSI 43.6, 1D -9.87%, 30D -20.76% — 3M compressed further to +9.29%). BE ($184.89, RSI 36.2, 1D -14.91%, 30D -43.32%) sold off hardest of all — see this cycle's companion insider-scan for the full read on its collapsing cushion. This reads as a genuine rotation within the same trading session, not a directional call on tech overall.
Last cycle's cyber-reacceleration story has fully reversed. PANW, OKTA, and CRWD were flagged last scan as "bucking the broad tech pullback" — all three have since cooled back down right along with the broader tape: PANW (RSI 67.4→50.5, 7D -9.73%), OKTA (64.8→53.1, 7D -7.26%), CRWD (62.9→47.3, 7D -9.75%). The divergence that stood out two scans running no longer holds — this cluster is now moving with the rest of tech, not against it.
IONQ remains the single most oversold name in this universe, and the deterioration has essentially stalled rather than reversed: RSI 25.7→26.2, 30D -38.5%→-38.73% (1D -3.61%, 7D -5.58% this cycle) — still collapse regime, thesis flagged intact-but-priced, no confirmed basing signal after two scans at the same depth. SMCI's stabilization attempt has held better this cycle — RSI climbed from 34.7 to 52.4 (7D +24.48% at one point in the window, 1D -3.53% into the Friday close), 30D improved to -7.24% from -21.14% — a real recovery, though it remains death-crossed and in downtrend regime. HUBS's thesis flag changed since last scan — from explicit broken to intact-but-priced — worth confirming on the next fundamentals pass rather than reading the current bounce (+13.37% 30D) as automatic vindication. INTU's broken flag persists through a third consecutive scan of price improvement (30D now +13.5%, was +9.51%) — per desk doctrine, the bounce does not clear the flag.
TSLA meets the golden-signal criterion this cycle (RSI 28.1 on the summary basis, with unchanged insider buying of +$205.3M) — the full read on that, including the damaged structure underneath it (death-crossed, collapse regime, -35.9% off its 52-week high), is in this cycle's companion insider-scan. CRSP (RSI 36.3, +$28.1M unchanged buying) and ASAN (RSI 44.0, +$8.6M unchanged buying) round out the insider-buying names in this universe with no fresh dollar activity this cycle.
What Changed Since Prior Scan (2026-07-17 → 2026-07-25)
| Change | Read |
|---|---|
| Same-session software/hardware rotation — HUBS/TEAM/ADBE/WDAY/NOW/CRM/INTU all up 4-9% while ARM/MRVL/INTC/CRDO/BE all down 7-15%, same day | The scan's clearest new pattern; not a directional read on tech, a rotation inside it |
| PANW/OKTA/CRWD's divergence fully reversed — RSI 67.4/64.8/62.9 → 50.5/53.1/47.3 | Last cycle's "reaccelerating" cluster is now cooling along with the rest of the tape |
| BE's rollover deepened further — 30D -34.6%→-43.32%, plus a fresh -14.91% single-day drop this cycle | Confirms the breakdown flagged in this cycle's companion insider-scan |
| SMCI stabilized — RSI 34.7→52.4, 30D -21.14%→-7.24% | The tentative recovery that failed to hold last cycle held this time |
| IONQ's weakness stalled rather than reversed — RSI 25.7→26.2, 30D -38.5%→-38.73% | Still the deepest technical damage in the universe, no confirmed base yet |
| HUBS's thesis flag changed — `broken` → `intact-but-priced` | Worth confirming on the next fundamentals refresh before reading the bounce as vindication |
| INTU's broken-thesis flag persists through a third bounce — 30D +9.51%→+13.5% | Avoid stands regardless of the improving chart |
| CRDO took a fresh single-day hit — 1D -9.87% this cycle even as 30D improved to -20.76% from -25.4% | A confirmed rollover from two scans ago meeting a new one-day shock |
| ARM/MRVL both hit hard the same session — ARM 1D -8.14%, MRVL 1D -7.21% | Part of the broader hardware/semis selloff also visible in this cycle's ETF-universe and bargain-bin scans |
How To Read The Board
The table labels are technical states, not trade recommendations. This cycle's same-session split — enterprise software up hard, hardware/semis down hard — is a rotation inside one trading day, not a signal on tech broadly; treat it as a single data point, not a trend until it repeats. thesis: broken (INTU) is a hard override a price bounce does not clear; a flag moving from broken to intact-but-priced (HUBS) is worth a fresh look on fundamentals rather than an automatic read either way. This watchlist references "insider buys," but the JSON summary contains price/technical fields only — cross-reference the companion insider-scan report for live insider dollar flow before treating any RSI print here as a buy signal.
Price Table
Software/Hardware Breakdowns And Damaged Structure (RSI < 45)
| Stock | Price | RSI | 1D | 7D | 30D | vs SMA200 | Regime | Thesis | Note |
|---|---|---|---|---|---|---|---|---|---|
| IONQ | $32.84 | 26.2 | -3.6% | -5.6% | -38.7% | -30.6% | collapse | intact-but-priced | Deepest technical damage, essentially unchanged from last scan |
| TSLA | $313.03 | 28.1 | -2.1% | -17.8% | -16.6% | -24.5% | collapse | intact | Golden-signal criterion met — see companion insider-scan |
| BE | $184.89 | 36.2 | -14.9% | -14.0% | -43.3% | +4.8% | pullback | intact | Sharpest single-day drop in this universe |
| CRSP | $46.54 | 36.3 | -2.1% | -2.6% | -13.1% | -14.9% | collapse | unrated | Buying present (+$28.1M unchanged), structure still deteriorating |
| MDB | $298.22 | 38.2 | -0.3% | -4.5% | -1.4% | -10.6% | downtrend | unrated | Still death-crossed, unremarkable |
| ARM | $260.01 | 38.0 | -8.1% | -2.7% | -27.6% | +38.4% | pullback | intact-but-priced | Same-session hardware/semis hit |
| INTC | $92.32 | 37.4 | -7.9% | -2.9% | -29.9% | +40.4% | pullback | unrated | Same-session hit |
| MRVL | $194.23 | 39.0 | -7.2% | +2.9% | -29.8% | +46.3% | pullback | unrated | Same-session hit; 30D improved from last scan despite the drop |
| QCOM | $166.97 | 37.5 | -2.4% | -2.8% | -15.4% | -0.6% | downtrend | unrated | Unremarkable, continued weakness |
| AMZN | $232.11 | 37.2 | -0.7% | -6.1% | -0.9% | -1.1% | pullback | intact | Unremarkable, healthy |
| TSM | $403.41 | 42.3 | -2.9% | +1.3% | -8.5% | +14.1% | pullback | unrated | Mild pullback |
| CRDO | $213.15 | 43.6 | -9.9% | +5.2% | -20.8% | +29.4% | pullback | unrated | Fresh single-day hit even as 30D improved from -25.4% |
| GOOGL | $319.74 | 32.8 | +0.7% | -7.8% | -7.4% | -1.2% | pullback | intact | Quality pullback, cross-ref bargain-bin |
| CEG | $274.35 | 60.4 | -0.5% | +8.7% | +2.4% | -11.5% | downtrend | unrated | Roughly steady, not oversold this cycle |
Mixed / Stabilizing (RSI 45-60)
| Stock | Price | RSI | 1D | 7D | 30D | vs SMA200 | Regime | Thesis | Note |
|---|---|---|---|---|---|---|---|---|---|
| PANW | $323.79 | 50.5 | -0.6% | -9.7% | +13.5% | +53.0% | uptrend | unrated | Cooled hard from RSI 67.4 — reversal of last scan's reacceleration |
| OKTA | $138.50 | 53.1 | +1.8% | -7.3% | +16.8% | +49.2% | pullback | unrated | Cooled from RSI 64.8, same reversal |
| CRWD | $183.28 | 47.3 | -0.1% | -9.8% | +8.9% | +39.7% | pullback | unrated | Cooled from RSI 62.9, same reversal |
| SMCI | $30.10 | 52.4 | -3.5% | +24.5% | -7.2% | -10.1% | downtrend | unrated | Genuine stabilization holding this cycle |
| TEAM | $86.88 | 49.2 | +8.4% | -6.9% | +6.5% | -21.1% | downtrend | intact | Same-session rally, still death-crossed |
| HUBS | $204.89 | 50.1 | +7.8% | -8.6% | +13.4% | -29.7% | downtrend | intact-but-priced | Thesis flag changed from `broken` this cycle |
| NOW | $98.78 | 45.8 | +7.4% | -4.3% | +5.3% | -22.0% | downtrend | unrated | Same-session rally |
| ASAN | $6.86 | 44.0 | +4.4% | -10.8% | +3.2% | -27.9% | downtrend | unrated | Small insider buying (+$8.6M unchanged) |
| WDAY | $135.34 | 50.1 | +5.8% | -6.5% | +14.6% | -19.2% | downtrend | unrated | Same-session rally |
| ANET | $173.99 | 52.3 | -1.5% | +3.2% | +7.6% | +19.7% | uptrend | unrated | Steady |
| ASML | $1,757.09 | 48.3 | -2.6% | +0.5% | -0.3% | +27.9% | pullback | unrated | Same-session hardware weakness, mild |
| AVGO | $381.92 | 47.6 | -2.7% | +3.0% | -0.0% | +5.0% | pullback | intact | Steady |
| ZS | $142.32 | 49.8 | +1.9% | -5.1% | +11.8% | -26.6% | downtrend | unrated | Still death-crossed |
| ESTC | $58.68 | 47.4 | +2.4% | -4.7% | -0.1% | -9.6% | downtrend | unrated | Roughly flat |
| FTNT | $152.37 | 48.9 | +0.6% | -5.7% | +4.9% | +54.2% | uptrend | unrated | Steady, extended vs 200-day |
| NVDA | $206.84 | 51.0 | -0.9% | +2.0% | +3.9% | +7.3% | pullback | intact | Steady |
| MSFT | $381.70 | 44.5 | +0.0% | -3.1% | +4.4% | -12.2% | downtrend | intact | Still death-crossed, roughly flat |
| VEEV | $186.24 | 53.0 | +3.7% | -4.7% | +15.4% | -9.7% | downtrend | unrated | Continuing its reversal, still death-crossed |
| META | $595.19 | 43.5 | -1.8% | -7.9% | +6.7% | -6.6% | downtrend | unrated | Cooled, still positive 30D |
| PLTR | $122.92 | 41.9 | -0.4% | -7.2% | +8.3% | -20.3% | collapse | intact | See companion insider-scan for full read |
| DDOG | $246.86 | 49.5 | +1.0% | -4.6% | +10.9% | +49.8% | pullback | intact | Steady, extended |
| INTU | $296.33 | 55.1 | +5.3% | +1.8% | +13.5% | -37.2% | collapse | broken | Bounced again, thesis flag unchanged — avoid |
Strength Pockets (RSI 60+ — extended holds)
| Stock | Price | RSI | 30D | vs SMA200 | Regime | Thesis | Note |
|---|---|---|---|---|---|---|---|
| SNOW | $268.06 | 60.7 | +18.6% | +27.9% | uptrend | unrated | Strong, extended |
| AAPL | $333.02 | 65.4 | +13.6% | +20.8% | uptrend | intact | Cooled from RSI 71.6 last scan, still extended |
| NET | $262.15 | 53.4 | +17.3% | +23.7% | uptrend | intact | Strong, extended |
| CRM | $163.66 | 47.5 | +7.1% | -20.4% | downtrend | intact | Same-session rally (+4.3%), still death-crossed |
Tier Analysis
Same-session rotation, the scan's defining pattern — HUBS, TEAM, ADBE, WDAY, NOW, CRM, INTU all rallied 4-9% in one session; ARM, MRVL, INTC, CRDO, BE all sold off 7-15% the same day. Read as rotation inside tech, not a directional signal either way.
Last cycle's divergence reversed — PANW, OKTA, CRWD were the clean "bucking the pullback" story last scan; all three cooled hard this cycle right along with the broader tape.
Deepest technical damage, stalled — IONQ's RSI and 30-day change are essentially unchanged from last scan at the same depth — no basing signal after two scans at the same level.
Stabilization holding — SMCI's recovery (RSI 34.7→52.4) held better this cycle than the last one, which reversed after one scan.
Broken thesis, bounced again — INTU. HUBS's flag changed to intact-but-priced this cycle — worth confirming on fundamentals before reading it as automatically cleared.
Golden-signal criterion met — TSLA (see companion insider-scan for the full structural read — damaged despite meeting the technical criterion).
Entry Zones
| Stock | Price | Zone | RSI | 30D | Setup |
|---|---|---|---|---|---|
| IONQ | $32.84 | Contrarian probe only, no confirmed base | 26.2 | -38.7% | Deepest technical damage in the universe, unchanged from last scan |
| BE | $184.89 | Avoid until stabilization confirms | 36.2 | -43.3% | Sharpest single-day drop this cycle; see companion insider-scan |
| CRDO | $213.15 | Watch for the single-day hit to resolve | 43.6 | -20.8% | Fresh -9.9% drop even as the 30-day print improved |
| SMCI | $30.10 | Watch for continued confirmation | 52.4 | -7.2% | Stabilization held this time — needs a second confirming cycle |
Action Matrix
| Action | Stocks | Why |
|---|---|---|
| 🔒 HOLD | AAPL, NET, SNOW, GOOGL, CRM, MSFT, TSM, ASML, AVGO, NVDA | Intact or steady trend, no urgent action |
| 🔍 WATCH | PANW, OKTA, CRWD, VEEV, META, TEAM, HUBS, NOW, ESTC, ADBE, MDB, ZS, ARM, PLTR, ANET, WDAY, INTC, MRVL, QCOM, DDOG, ASAN, CEG, FTNT | Cooling, recovering, extending, or damaged-but-intact-thesis names needing confirmation |
| ⚠️ SAME-SESSION SELLOFF | ARM, MRVL, INTC, CRDO, BE | All sold off hard the same session — a rotation event, not yet a confirmed trend |
| ⚠️ SAME-SESSION RALLY, DON'T CHASE | HUBS, TEAM, ADBE, WDAY, NOW, CRM, INTU | All rallied hard the same session — the mirror image of the selloff group |
| 🔍 STABILIZATION HOLDING | SMCI | Recovery held this cycle after failing to hold last scan |
| ⚠️ DEEPEST DAMAGE, UNCHANGED | IONQ | Still the weakest name in the universe, no basing signal across two scans |
| ❌ AVOID — BROKEN THESIS | INTU | Bounced again, flag unchanged |
| 🔍 GOLDEN CRITERION MET, DAMAGED | TSLA | See companion insider-scan for the full structural read |
What To Watch Next
| Watch | Why it matters |
|---|---|
| Whether the software/hardware rotation persists | A single-session split — the next scan tells whether this was a one-day rotation or the start of a real divergence |
| PANW/OKTA/CRWD's next print | Fully reversed last cycle's reacceleration — confirm whether they've simply rejoined the broad cooldown or something more |
| IONQ's stabilization | Two scans at the same depth (RSI ~26, 30D ~-38%) with no basing signal yet |
| BE/CRDO's single-day hits | Both took sharp same-session drops — watch whether either finds a floor next cycle |
| HUBS's thesis flag | Changed from `broken` to `intact-but-priced` this cycle — confirm on the next fundamentals refresh |
| SMCI's second confirming print | Stabilization held this time — needs one more cycle to call it a genuine base |
Sources
- Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-24 close — tech-insider-buys.
- Insider Form-4 net dollar flows (TSLA, CRSP, ASAN): pre-captured
insider-scan:fullreport (run by the main session), cross-referenced against the summary for price — no discrepancies found.
Related
10 eventsNo direct external sources are attached to this read.