The cohort's cooldown became a rout: the oversold band grew from five names to seven, and $TGT — the cut's cleanest long trend for three straight scans — cracked, falling from RSI 63.2 to 47.9 on a 5.2% weekly decline. $HRL crashed further into capitulation territory (RSI 28.9 to 23.2, now down 19.1% on the year), while $SBUX and $HD both fell newly into the oversold band (31.8 and 32.3). Only $T and $VZ still clear the long-trend test cleanly — $TGT's slip leaves the cohort with just two genuinely healthy names, down from three last scan.

Data as-of the 2026-09-11 close (Friday's settled session) — every name in this cut carries a fresh bar this scan.

Source: defensive.json. Prior scan: 2026-09-04-defensive-scan.

$HRL is this scan's deepest print: RSI fell from 28.9 to 23.2, extending its capitulation for a second straight scan, on a 4.5% weekly decline. Its year-over-year return worsened to -19.1% (from -14.7%) with an alpha of -35.3 — this remains a genuine breakdown, not a bounce setup, and it's now the cut's worst name by RSI, having overtaken $TSN.

The oversold band grew substantially this scan — from five names to seven — with $SBUX and $HD both falling newly in. $SBUX cooled from RSI 44.9 to 31.8 on a 5.5% weekly decline; its long-trend numbers held up better than the RSI suggests (still +19.9% 1Y, essentially flat versus its 200-day at +0.8%), so this reads as a sharp pullback rather than an outright breakdown — but it's a much weaker read than last scan's "long trend healthy" call. $HD deepened its own slide (RSI 37.8 to 32.3), still a genuine breakdown with a -27.1% year-over-year return and price 10.1% below its 200-day. $MCD also deepened (34.3 to 31.2), still -18.1% on the year. $LOW (33.8), $COST (35.5), and $TSN (38.0) round out the oversold band — all structurally weak, below their 200-day with negative-to-flat year-over-year returns.

The most consequential change this scan is $TGT. For three straight scans it was the cohort's cleanest long trend, holding above RSI 63 with a triple-digit multi-year gain; this scan it fell to RSI 47.9 on a 5.2% weekly decline. Its long-trend numbers are still intact — +70.3% year-over-year, +25.7% above its 200-day — so this is a pullback inside an otherwise strong trend rather than a breakdown, but it's the first crack in the name that's carried this cut's "still healthy" story since early scans.

$WMT and $XLU, which both climbed fully out of the oversold band last scan, cooled again this scan without falling back in — $WMT to RSI 47.0 (from 45.7) and $XLU to 38.1 (from 43.9, falling just short of the band). Both remain below their 200-day with flat-to-negative year-over-year returns, the same weak-alpha signature flagged for multiple scans. $ECL (45.3) and $XLP (40.4) sit in the same bucket. $T's RSI (61.9) again looks like one of the cut's healthier prints even though its year-over-year return (-11.6%) and alpha (-27.9) remain worse than several names sitting in the oversold band — the same misleading-RSI pattern flagged in this cohort repeatedly. $VZ is now the cleanest name left in the cut: RSI 63.3, up 14.7% on the year, 10.3% above its 200-day.

• $HRL crashed further, extending its capitulation. RSI 28.9 → 23.2 (-5.7), price down 4.5% for the week — now the cut's deepest print, year-over-year return worsened to -19.1% (from -14.7%).
• $SBUX fell newly into the oversold band. RSI 44.9 → 31.8 (-13.1), price down 5.5% for the week — still +19.9% 1Y and roughly flat vs its 200-day, a sharp pullback rather than a clean breakdown.
• $HD deepened its slide within the oversold band. RSI 37.8 → 32.3 (-5.5) — still a genuine breakdown, -27.1% 1Y.
• $MCD also deepened. RSI 34.3 → 31.2 (-3.1), still -18.1% 1Y.
• $TGT cracked for the first time in three scans. RSI 63.2 → 47.9 (-15.3), price down 5.2% for the week — long-trend numbers (1Y +70.3%, vs-200-day +25.7%) still intact, but this is the cohort's clearest change this scan.
• The oversold band grew from five names to seven. $HRL, $MCD, $HD, $LOW, $COST, $TSN, and newly $SBUX.
• $WMT and $XLU both cooled further without re-entering the band. WMT: 45.7 → 47.0. XLU: 43.9 → 38.1 (just above the line).
• No stale bars this scan — every name carries a fresh 2026-09-11 close.
• Universe unchanged. Same 15 tickers as the prior scan.

RSI measures how stretched a stock is over the past 14 sessions — under 30 signals oversold, over 70 signals overbought. vs SMA20 is the price gap to the 20-day average. 1Y% and vs SMA200 are the numbers that separate a genuine breakdown from a rough week: $HRL, $MCD, $HD, $LOW, $COST, $TSN, and $T are all below their 200-day (or, for $T, badly lagging on alpha) with a flat-to-negative year — structurally weak regardless of this scan's RSI reading. $TGT and $SBUX are this scan's key reads: both cooled hard on the RSI but both still clear their 200-day with a strongly positive year — pullbacks inside intact trends, not breakdowns, though $TGT's crack from a three-scan-clean trend is the notable change to track next.

$HRL (23.2) — the cut's new deepest print, down 19.1% on the year and 12.1% below its 200-day, deteriorating for a second straight scan.

$MCD (31.2), $SBUX (31.8), $HD (32.3), $LOW (33.8), $COST (35.5), $TSN (38.0), $XLU (38.1) — seven names, up from five last scan. $SBUX is the exception in the band: still above its 200-day with a strongly positive year, a sharp pullback rather than a breakdown. The other six are below their 200-day with negative-to-flat year-over-year returns.

• Genuine breakdown (below 200-day, negative 1-year): None remaining above RSI 40 that isn't already flagged below — $PPC still fits this pattern despite a mid-range RSI.
• Flat/negative 1-year despite decent RSI (weak alpha, watch closely): $XLP, $ECL, $WMT, $PPC, $T — five names where the year-over-year number and alpha undercut a more constructive-looking RSI.
• Cracked this scan, long trend still intact: $TGT — the cut's one clean long trend for three scans, now cooling on the RSI but not yet failing the 1-year/200-day test.
• Genuinely healthy long trend: $VZ — the only name left in the cut that clears both the 200-day and the 1-year alpha test cleanly without a caveat.

• $HRL is now the cut's deepest print for a second straight scan — does it find a floor, or does the deterioration keep compounding?
• $TGT cracked after three straight scans as the cohort's cleanest trend — does this stay a one-scan pullback, or is the long trend genuinely starting to weaken?
• $SBUX fell newly into the oversold band while its long-trend numbers held — does the price confirm a floor, or does the RSI keep falling toward the structurally-weak names below it?
• Only $VZ (and, more cautiously, $TGT and $SBUX) clear the long-trend test this scan, down from three clean names last scan — does the defensive complex broadly stabilize, or does the weakness keep spreading to the cohort's remaining strong names?

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-09-11 close — defensive.
• Prior scan for comparison: 2026-09-04-defensive-scan.