Reason: RIOT's thin 200-day cushion from last cycle has resolved into real strength - vs 200-day now +16.8% (was +2.5%), 1-year change +65.65% (was +37.61%), alpha +47 (was +17.74). HOOD's 1-year alpha flipped from deeply negative to essentially flat (+0.01, was -19.32) as 1-year change rose to +18.66% (was +0.55%). BTC-USD's year-over-year underperformance persisted and slightly worsened (1-year change -30.94%, was -28.57%; alpha -49.59, was -48.44) despite a further-cooled RSI. DOGE-USD had a sharp +12.5% one-day pop crossing back above its 200-day, but its 1-year change (-67.86%, was -61.9%) and alpha (-81.78->-86.51) continued to deteriorate - no receipt found to explain the day's move.

Tape Read

$RIOT: price $21.80, RSI 55.5, golden-cross, trend strong-up (upgraded from weak-down), regime pullback, thesis unrated, 1D +3.12%, 7D +14.85% (up from -4.19%), 30D +1.4%, -28.1% off its 52-week high (improved from -37.37%) — 16.8% above its 200-day average (vs 200-day, up sharply from a thin +2.5% last cycle), 1-year change +65.65% (up from +37.61%), 1-year alpha +47 (up from +17.74): the thin-cushion concern flagged last cycle has resolved into real structural strength. $HOOD: price $122.11, RSI 65.9, golden-cross, trend strong-up, regime pullback, thesis unrated, 1D -2.09%, 7D +17.07% (up sharply from -3.58%), 30D +31.58% (up from +16.05%), -20.64% off its high (improved from -32.24%) — 28.4% above its 200-day (up from +9.3%), 1-year change +18.66% (up from +0.55%), 1-year alpha +0.01 (up from -19.32): the year-over-year read has flipped from deeply lagging to essentially market-matching. $BTC-USD: price $79,701.73, RSI 66.6 (cooled further from 68.9), death-crossed, trend up, regime pullback, thesis unrated, 1D +0.04%, 7D +1.86%, 30D +24.03% (up from +20.98%), 14.4% above its 200-day (up from +11.6%) — but 1-year change is still -30.94% (slightly worse than -28.57%) and 1-year alpha -49.59 (slightly worse than -48.44), -36.84% off its 52-week high: the short-window bid has continued but the year-over-year underperformance persists and has not reversed. $DOGE-USD: price $0.09, RSI 61.1 (warmed back up from 52.8), trend up, death-crossed, regime pullback (upgraded from downtrend), 1D +12.5%, 7D 0%, 30D +28.57% (up from +14.29%) — it has now crossed back above its 200-day (vs 200-day +2.4%, was -9.5% last cycle) — but 1-year change worsened further to -67.86% (from -61.9%) and 1-year alpha to -86.51 (from -81.78), still -70.97% off its high: a sharp one-day pop with no news receipt found to explain it (crypto pairs carry no per-symbol stock news file in this corpus), set against a year-over-year record that keeps deteriorating. Note: BTC-USD and DOGE-USD carry a data date of 2026-09-05 — crypto's 24/7 tape rolling past the Friday settle — so treated here as an intraday snapshot rather than a settled close; HOOD and RIOT are Schwab-sourced as of the 2026-09-04 settled close. Source: full-scan pre-computed summaries — crypto.

• $RIOT — PROMOTE: 1-year change +65.65% and 1-year alpha +47 (both up sharply) — the thin-cushion concern from last cycle has fully resolved into real structural strength.
• $HOOD — WATCH (upgraded): 1-year alpha flipped to essentially flat (+0.01, was -19.32) as 1-year change rose to +18.66% — no longer flat-to-lagging.
• $BTC-USD — WATCH: RSI cooled further to 66.6, but 1-year change -30.94% and 1-year alpha -49.59 — the underperformance has persisted and slightly worsened.
• $DOGE-USD — PASS: crossed back above its 200-day on a sharp +12.5% one-day pop with no receipt to explain it, but 1-year change worsened to -67.86% and alpha to -86.51 — genuine deterioration on the year continues despite the day's bounce.

Lead pick: $RIOT is the story this cycle — the "thin cushion above its 200-day" concern flagged last cycle has resolved into real strength, with both 1-year change and alpha extending sharply. $HOOD's year-over-year read has meaningfully improved alongside it. $BTC-USD and $DOGE-USD continue to lag on the year despite short-term pops — DOGE's one-day +12.5% move in particular has no corpus source behind it.

Sources

• Tape data (price/RSI/SMA/returns/1-year change/1-year alpha): full-scan pre-computed summaries — crypto (HOOD/RIOT: Schwab, 2026-09-04 settled close; BTC-USD/DOGE-USD: yfinance, 2026-09-05 intraday snapshot).