Reason: GOOGL led the week (+3.26%) and still carries the thinnest cushion in the group at +3.6% against its 200-day, on a +38.69% year. META enters on the month (+21.93%) and is the group's year laggard (-14.67%, alpha -29.69). AAPL is the strongest structure — RSI 64.3, +17.4% against its 200-day, -2.45% off its high, +41.3% on the year. NVDA added +1.82%. MSFT was flat (-0.37%) and is still negative over twelve months (-2.89%, alpha -17.9).

Price/RSI Table

Status reads the 200-day trend first and RSI second; Action is a trend-hold lens — an extended name is never an entry, and a name below its 200-day with a negative year is not a dip.

What Changed Since 2026-09-11

• GOOGL +3.26% on the week and +1.4% on the month; +3.6% against its 200-day is the thinnest cushion in the basket, with +38.69% and alpha +23.68 on the year. The 200-day is the line to watch on this one.
• AAPL +1.16% week, +6.09% month, RSI 64.3, +17.4% against its 200-day and only -2.45% from its high — the group's cleanest trend and its most extended.
• ENTRANT — META: +2.73% on the week but +21.93% on the month, +6.7% against its 200-day. The year is -14.67% with alpha -29.69 — a strong month inside a losing year. A September 17 portal summary credits an analyst note and AI monetisation; unconfirmed by any filing on file.
• NVDA +1.82% week, +2.16% month, +12% against its 200-day on a +26.12% year at alpha +11.1 — leadership that is holding, not extending.
• MSFT is the quiet problem: -0.37% on the week, -2.89% over twelve months at alpha -17.9 while sitting +14.4% above its 200-day. The trend is intact; the relative performance is not.
• No dropouts. The week's macro on file: the Fed raised rates Wednesday for the first time in three years (Bloomberg), the session after was the broadest up day of the month, and Friday was quarterly options expiry with volume spiking on a $7 trillion expiration (Bloomberg). All four incumbent pulls completed September 17 and name nothing dated behind these moves.

Sources

• Tape data (price, RSI, returns, one-year change and alpha, distance to the 200-day): pre-computed summaries as of the 2026-09-18 close — mag7 (Schwab).
• Prior edition (format and roster only): 2026-09-11-mag7.
• Week's macro: 2026-09-17-bloomberg-big-take-why-the-federal-reserve-raised-interest-rates-tlize4kijh8i00, 2026-09-17-bloomberg-s-p-500-volume-spikes-on-7-trillion-options-day-markets-wrap-tlj11vkgifpx00, 2026-09-17-market-brief.
• News checks: latest (pulled 2026-09-18), .../GOOGL/news/latest.json, .../AAPL/news/latest.json, .../MSFT/news/latest.json, .../NVDA/news/latest.json (all 2026-09-17).