Reason: NVDA flipped from the calmest name in the group to its strongest weekly mover - RSI up to 64.5 from 48.6 on a +11.56% week (was -2.94%); MSFT extended further into overbought; GOOGL gave back its breakout week; AAPL stabilized after its sharp reversal.

Tape Read

$NVDA flipped roles this cycle: last read's "slowest-moving name" turned into the group's strongest weekly gainer — RSI 64.5 (up from 48.6), 7D +11.56% (was -2.94%), 30D +9.72%, still golden-cross and uptrend, thesis flagged intact. $MSFT extended further into overbought territory: RSI 78.2 (up from 74.6), 7D decelerated to +7.59% (was +21.75%, still very strong), 30D +30.43%, 20-day gap +18% (the most extended chart in the group), and distance from its 52-week high tightened to -11.97% (was -16.07%) — still death-crossed despite the run. $GOOGL gave back last cycle's breakout: RSI 50.5 (down from 54.1), 7D turned negative to -0.51% (was +11.38%), 30D -2.11%, distance from its 52-week high tightened slightly to -11.3% (was -12.84%) — still golden-cross and thesis intact. $AAPL stabilized after its sharp reversal: RSI 47.6 (up from 43.3), 7D flipped to +1.43% (was -7.24%), distance from its 52-week high tightened to -9.74% (was -10.35%) — the reversal flagged last cycle stabilized rather than deepened. Source: full-scan pre-computed summaries as of the 2026-08-07 close — mag7.

• $NVDA — PROMOTE (upgraded from WATCH): RSI 64.5 (up from 48.6), +11.56% 7D (was -2.94%) — the group's calmest name last cycle is now its strongest weekly mover.
• $MSFT — WATCH (steady, deeply extended): RSI 78.2 (up further from 74.6), 30D +30.43%, 20-day gap +18% — the most stretched chart in the group, still death-crossed despite the run.
• $GOOGL — WATCH (downgraded from PROMOTE): RSI 50.5 (down from 54.1), 7D turned negative to -0.51% (was +11.38%) — last cycle's breakout week gave back its gains.
• $AAPL — WATCH (steady, stabilizing): RSI 47.6 (up from 43.3), 7D flipped to +1.43% (was -7.24%) — the sharp reversal flagged last cycle stabilized.

Lead pick: $NVDA is the clean upgrade this cycle — a role reversal from the quietest name in the group to its biggest weekly gainer. $MSFT stays the extension story worth watching, now RSI 78.2 and 18 points above its own 20-day average.

Sources

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-08-07 close — mag7.