Reason: NET's leadership accelerated further - RSI up to 64.5 from 61.3 on a +7.63% week, now just -3.95% off a 52-week high; DDOG reversed hard, giving back its whole prior week; DOCN turned positive; AKAM gave back its first positive 30-day print on a rough single day.

Tape Read

$NET's leadership accelerated further rather than just holding: RSI 64.5 (up from 61.3), a +5.57% single day, 7D +7.63% (up from +6.42%), 30D +9.83% (decelerated slightly from +13.26%), and distance from its 52-week high tightened to -3.95% (was -5.04%) — still uptrend/golden-cross, thesis flagged intact. $DDOG reversed hard: RSI 41.6 (down sharply from 61.8), 7D -12.7% (was +8.55%, the strongest move in this basket last cycle), 30D turned negative to -10.4%, and it fell below its 20-day average (20-day gap -9.7%) — the same reversal visible in the cloud-saas basket. $DOCN turned positive: RSI 46.4 (up from 42.9), 7D flipped to +5.66% (was -4.89%), distance from its 52-week high tightened to -33.62% (was -37.33%) — still pullback regime. $AKAM gave back its milestone: RSI 40.7 (down from 45.2), a rough -6.76% single day, 20-day gap fell to -6.7%, 7D turned negative to -4.03% (was -0.16%), and 30D reversed to -12.66% — the first positive 30-day print flagged last cycle didn't hold.

• $NET — PROMOTE (steady leadership, accelerating): RSI 64.5 (up from 61.3), 7D accelerated further to +7.63% (was +6.42%) — closing distance to a fresh high to -3.95%, thesis intact.
• $DOCN — WATCH (upgraded from PASS): RSI 46.4 (up from 42.9), 7D flipped to +5.66% (was -4.89%).
• $DDOG — WATCH (downgraded sharply from PROMOTE): RSI 41.6 (down sharply from 61.8), 7D reversed to -12.7% (was +8.55%) — last cycle's strongest name in the basket gave it all back.
• $AKAM — PASS (downgraded from WATCH): RSI 40.7 (down from 45.2), a rough -6.76% single day, 30D reversed to -12.66% — the first positive 30-day print flagged last cycle didn't hold.

Lead pick: $NET remains the clean leader, accelerating rather than just holding and now within single digits of a fresh 52-week high. $DDOG's reversal — also visible in the cloud-saas basket — is the cycle's biggest flag.

Sources

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