Reason: DOCN's "first positive week" fully reversed - a -17.54% weekly decline (was +3.89%) with a -6.4% single day, now -39.99% off its 52-week high (was -30.05%); NET's leadership held with a decelerating decline; DDOG cooled alongside it; AKAM's weekly slide accelerated further.

Tape Read

$DOCN is this cycle's reversal: last read's "first positive week after two straight reads of deepening" itself reversed hard — RSI 37.9 (down from 42.4), a -17.54% week (was +3.89%), a -6.4% single day inside it, and now -39.99% off its 52-week high (was -30.05%), the worst print for the name in this file's recent run. $NET's leadership held while cooling further: RSI 54.2 (roughly flat from 53.4), 7D improved to -3.01% (was -5.59%), still uptrend/golden cross and thesis flagged intact, though 30D eased further to +8.34% (was +17.3%). $DDOG cooled alongside NET: RSI 52.3 (up from 49.5), 7D -1.53% (improved from -4.57%), still golden cross and thesis intact, 30D down to +0.93% (was +10.87%). $AKAM's slide accelerated: RSI 38.3 (down slightly from 41.1), 7D -10.5% (much worse than -4.01%), still -32.43% off its 52-week high — the stabilization flagged two cycles ago still hasn't confirmed and the pace of decline just sped up. Source: full-scan pre-computed summaries as of the 2026-07-28 close — web-cloud.

• $NET — WATCH: RSI 54.2 (roughly flat from 53.4), still uptrend/golden cross, thesis intact, 7D improved to -3.01% — the leadership read is unchanged, decline decelerating.
• $DDOG — WATCH: RSI 52.3 (up from 49.5), still golden cross, thesis intact, 7D improved to -1.53% — same cooldown pattern as NET.
• $AKAM — PASS (further downgraded): RSI 38.3 (down slightly from 41.1), 7D -10.5% (worse than -4.01%) — the stabilization flagged two cycles ago still hasn't confirmed, and the decline just accelerated.
• $DOCN — PASS (downgraded from WATCH): RSI 37.9 (down from 42.4), -17.54% 7D (was +3.89%) — last cycle's stabilization signal fully reversed into the worst print yet.

Lead pick: $NET's leadership remains the most durable read in this basket — thesis intact, decline decelerating, unchanged across cycles. $DOCN is the flag: what looked like a real stabilization signal last cycle turned out to be a single good week inside a still-deteriorating chart.

Sources

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-28 close — web-cloud.