Reason: DDOG has deteriorated sharply this cycle - RSI down to 38.7 (was 46.9, now near-oversold), 7D -10.14% (was +0.58%), 30D -24.8% (was -10.3%) - part of the day's broad software liquidation, though 1-year change (+61.58%) and alpha (+42.93) remain solidly positive: still a deep pullback in an intact trend, just a much deeper one. CRWD and OKTA both cooled on the short window (CRWD 30D fell to +1.54% from +21.75%; OKTA's week compressed to +2.62% from +22.91%) but both extended further on the year - CRWD 1-year change +106.65% (was +97.65%), OKTA +90.1% (was +79.53%). INTU remains the structurally broken name and worsened again: -50.22% 1-year change, -68.87 alpha, now 52.81% off its high.

Tape Read

$DDOG: price $212.93, RSI 38.7 (dropped sharply from 46.9, now near-oversold), golden-cross, trend weak-down, regime pullback, thesis intact, 1D -0.85%, 7D -10.14% (was +0.58%), 30D -24.8% (much worse than -10.3%), -27.26% off its 52-week high (worse than -19.04%) — but 1-year change is still +61.58% (down only slightly from +68.12%) and 1-year alpha +42.93 (down only slightly from +48.25): a much deeper pullback this cycle, but still inside an intact long-horizon trend, not a breakdown. Today's move sits inside the day's broad cloud/software liquidation. $CRWD: price $213.1, RSI 53.1, golden-cross, trend strong-up, regime uptrend, thesis unrated, 1D -0.87%, 7D -2.44% (down from +13.8%), 30D +1.54% (down sharply from +21.75%), -8.88% off its high (worse than -4.66%) — 1-year change +106.65% (up from +97.65%), 49.6% above its 200-day (vs 200-day), 1-year alpha +88 (up from +77.78): the short-window strength cooled but the long-horizon record extended further. $OKTA: price $170.6, RSI 63.4, golden-cross, trend strong-up, regime uptrend, thesis unrated, 1D +0.11%, 7D +2.62% (down from +22.91% as the pop consolidated), 30D +16.02%, -2.43% off its high (improved from -4.93%), 1-year change +90.1% (up from +79.53%), vs 200-day +67.5% (up from +66.7%), 1-year alpha +71.45 (up from +59.66): confirmed continuing strength, near a fresh high. $INTU remains the trap case and has worsened again: price $332.7, RSI 46.6, death-crossed, trend weak-up, regime downtrend, thesis flagged broken, 1D -3.37%, 7D -7.09%, 30D +1.45% (down from +7.48%), 1-year change -50.22% (worse than -46.41%), 22.1% below its 200-day average (vs 200-day -22.1, worse than -17.7%), 1-year alpha -68.87 (worse than -66.29), -52.81% off its 52-week high (worse than -49.22%) — the breakdown continues to deepen; a fresh Goldman Sachs price-target raise to $304 (from $276, dated 2026-08-28, per its news receipt) has not reversed the structural read. Source: full-scan pre-computed summaries as of the 2026-09-04 close — cloud-saas; news receipt latest.

• $DDOG — WATCH (caution): RSI dropped to near-oversold 38.7, 7D -10.14%, 30D -24.8% — the desk's deepest short-window pullback this cycle, but still +61.58% on the year with alpha +42.93.
• $CRWD — PROMOTE: 1-year change +106.65% (extended further), 1-year alpha +88 — short-window strength cooled but the long-horizon record keeps improving.
• $OKTA — PROMOTE: 1-year change +90.1%, 1-year alpha +71.45, -2.43% off its 52-week high — confirmed continuing strength.
• $INTU — PASS: 22.1% below its 200-day, 1-year change -50.22%, 1-year alpha -68.87 — the breakdown has deepened again despite a fresh sell-side price-target raise.

Lead pick: $DDOG is the story this cycle — its short window has deteriorated sharply (RSI near-oversold, 30D down nearly a quarter) inside the day's broad software liquidation, but its 1-year change and alpha stay solidly positive, keeping it a deep-pullback case rather than a breakdown. $CRWD and $OKTA both cooled on the short window but extended further on the year. $INTU remains the cautionary case, worsening again despite an analyst price-target raise.

Sources

• Tape data (price/RSI/SMA/returns/1-year change/1-year alpha): full-scan pre-computed summaries as of the 2026-09-04 close — cloud-saas.
• News check (INTU price-target raise): latest (fetched 2026-08-28, ok: true, not stale as of that pull).