Reason: AAPL reversed sharply lower - a -7.35% single day pushed its distance from a 52-week high out to -10.35% (was -0.82%); GOOGL and MSFT both surged, RSI up sharply on strong weekly gains; NVDA's pullback continued easing.

Tape Read

$AAPL is the reversal this cycle: after multiple reads as "the complex's leader," it dropped hard — a -7.35% single day, a -7.24% week (was +3.77%), and its distance from a 52-week high blew back out to -10.35% (was -0.82%) — RSI fell to 43.3 (from 69.1), though it remains golden-cross and thesis flagged intact. $GOOGL surged the opposite direction: RSI 54.1 (up sharply from 42.1), a +11.38% week (was -3.87%) on a +6.73% single day, closing distance to its 52-week high to -12.84% (was -18.33%) — the recovery flagged last cycle turned into a genuine breakout week. $MSFT moved even further: RSI 74.6 (up sharply from 51.5, now overbought), a +21.75% week (was -1.11%) on a +3.02% single day, and -16.07% off its 52-week high — a major improvement from -29.18% and from being called "the most damaged name in the group" last cycle, though it remains death-crossed. $NVDA's pullback continued easing: RSI 48.6 (up from 43.0), 7D improved to -2.94% (was -4.96%), +2.93% single day — the slowest-moving name in a cycle full of large single-stock swings. Source: full-scan pre-computed summaries as of the 2026-07-31 close — mag7.

• $GOOGL — PROMOTE (upgraded from WATCH): RSI 54.1 (up sharply from 42.1), +11.38% 7D (was -3.87%) — the recovery flagged last cycle turned into a genuine breakout week, closing distance to a 52-week high.
• $MSFT — WATCH (upgraded sharply from PASS): RSI 74.6 (now overbought, up from 51.5), +21.75% 7D (was -1.11%) — the most damaged name in the group just had its best week in this file's recent run, though still death-crossed.
• $AAPL — WATCH (downgraded from PROMOTE): RSI 43.3 (down sharply from 69.1), -7.35% single day — the group's leader just had its sharpest reversal, distance from a 52-week high blowing back out to -10.35%.
• $NVDA — WATCH: RSI 48.6 (up from 43.0), 7D improved to -2.94% (was -4.96%) — the pullback continues to ease, the calmest name in a volatile cycle.

Lead pick: $GOOGL is the clean upgrade this cycle — a genuine breakout week rather than just a stabilization. $AAPL is the flag: the complex's steady leader just posted its sharpest single-day reversal in this file's recent run, worth watching for whether this is a one-day event or a real change in the chart.

Sources

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-31 close — mag7.