Reason: DDOG gave back its whole leadership week - RSI down to 41.6 from 61.8 on a -12.7% week (was +8.55%); CRWD took over as the basket's strongest name; OKTA held its steady climb; INTU posted a third straight positive cycle even as the thesis stays flagged broken.

Tape Read

$DDOG reversed hard this cycle after being called "the cleanest structure in the group": RSI 41.6 (down sharply from 61.8), a -12.7% week (was +8.55%), 30D turned negative to -10.4%, 20-day gap -9.7% (now below its 20-day average) — still golden-cross and thesis flagged intact, but the strongest name in the basket last cycle just gave it all back. $CRWD took over the lead instead: RSI 66.8 (up from 54.7), 7D +12.34% (was +4.14%), 30D flipped to +12.19% (was -1.2%), and it closed distance to its 52-week high to -4.33% — the giveback flagged last cycle fully unwound into a genuine breakout. $OKTA held its steady climb: RSI 61 (up from 56.8), 7D +4.5% (was +2.48%), 30D roughly flat at +1.06% (was +1.05%). $INTU posted a third straight positive cycle: RSI 61.1 (roughly flat from 59.2), 7D decelerated to +2.9% (was +6.66%), but 30D jumped to +20.06%, and distance from its 52-week high improved to -58.29% (was -60.2%) — still downtrend regime and the thesis stays flagged broken. Source: full-scan pre-computed summaries as of the 2026-08-07 close — cloud-saas.

• $CRWD — PROMOTE (upgraded from WATCH): RSI 66.8 (up from 54.7), +12.34% 7D, 30D flipped to +12.19% (was -1.2%) — took over the basket's lead as DDOG's momentum broke.
• $DDOG — WATCH (downgraded sharply from PROMOTE): RSI 41.6 (down sharply from 61.8), 7D reversed to -12.7% (was +8.55%), now below its 20-day average (20-day gap -9.7%) — last cycle's strongest name in the group just erased the whole move.
• $OKTA — WATCH (steady): RSI 61 (up from 56.8), 7D +4.5% (was +2.48%).
• $INTU — WATCH (steady, third straight positive cycle): RSI 61.1 roughly flat, 30D +20.06% — still -58.29% off its 52-week high and thesis stays flagged broken, but the bounce is now three cycles running.

Lead pick: $CRWD is the clean upgrade this cycle, taking the basket's lead as $DDOG's momentum reversed entirely. $DDOG's whipsaw — best name one cycle, worst the next — is the flag to watch heading into next read.

Sources

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-08-07 close — cloud-saas.