Reason: All four names remain flat-to-negative on 1-year change with negative alpha - still the genuinely broken cohort on the desk, and it worsened again. TJX is now even more oversold (RSI 17.8, was 22.3) with every window worse - 1-year change -10.52% (was -6.34%), alpha -26.74 (was -24.99). COST's newly-negative year deepened further - 1-year change -6.18% (was -4.2%), now 5.8% below its 200-day (was -4.6%). WMT held roughly flat. YUM is this cycle's clearest new deterioration - 1-year change flipped negative to -5.55% (was +4.9%), RSI down to 34.2 (was 48.2).

Price/RSI Table

What Changed Since 2026-09-04

• TJX deteriorated further across every window and is now even more oversold: RSI 17.8 (was 22.3), 1-year change -10.52% (was -6.34%), alpha -26.74 (was -24.99), 18.3% below its 200-day (was -14.6%) - the deepest extreme-oversold print in this refresh, but the trend is genuinely broken, not a bounce setup.
• COST's flip to negative from last cycle deepened: 1-year change -6.18% (was -4.2%), alpha -22.39 (roughly flat), now 5.8% below its 200-day (was -4.6%).
• WMT held roughly flat: 20.72% off its high (was -20.73%), 9.7% below its 200-day (unchanged), 1-year change +4.38% (down slightly from +6.15%).
• YUM is this cycle's clearest new deterioration: 1-year change flipped negative to -5.55% (was +4.9%), alpha -21.76 (was -13.75), RSI down to 34.2 (was 48.2), now 9% below its 200-day (was -2.7%).
• No name in this basket clears a promote; the cohort has gotten worse, not better, for a second straight cycle.

Sources

• Tape data (price/RSI/SMA/returns/1-year change/1-year alpha): pre-computed summaries as of the 2026-09-11 close — retail (Schwab).
• Prior-cycle comparison: 2026-09-04-retail.