Five names on this board now trade above RSI 70 for the first time this stretch — Arm (+36.31% on the week with no dated catalyst on file), AMD and Intel (both riding a CPU-stock rally CNBC dated to September 21, the same day AMD crossed a $1 trillion intraday market cap), Zscaler and Meta — while the semiconductor and cybersecurity trades that led last week's advance kept extending instead of cooling. NextEra Energy dropped into capitulation at RSI 22.1, the board's only sub-25 print, and telecom fell for a second straight week with still no sourced cause behind any of the four names. Constellation Energy's two-week collapse finally stabilized — its RSI firmed rather than fell for the first time in three cycles. The board also grew by three names this cycle: Lumentum, Coherent and Nebius joined coverage, the last of them a member of the neocloud stack the desk tracks as a standing focus. All 70 names carry a settled Wednesday 2026-09-23 close.

LONG-HORIZON READ: a name whose short-window trend flag reads "down" but sits ABOVE its 200-day with a positive 1-year change is a deep pullback in an intact trend, never a breakdown. Only price below the 200-day paired with a weak or negative year is real structural damage — that distinction is called out explicitly below wherever a trend flag might otherwise mislead.

The week's real trade was a broad CPU-stock rally with an actual dated catalyst behind it. CNBC reported Intel surging 12% on September 21 in a rally it attributed to CPU stocks generally, and MarketWatch reported the same day that AMD crossed a $1 trillion intraday market cap, the 14th U.S. company to reach that mark. Both names now trade above RSI 70 — Intel at 70.3 with a year that improved from +255.25% to +317.86%, and AMD at 71.0 with its year now at +281.98% and its 200-day cushion widened to +70.4%. Qualcomm rode the same wave, +10.98% on the week to RSI 66.4. Arm's move dwarfs all of them in percentage terms — +36.31% on the week, its cushion jumping from +33.0% to +58.2% above its 200-day and its year nearly doubling from +88.08% to +135.87% — but no dated item in its own news receipt or in research/stock-events/ explains it; the receipt carries only generic stock-quote aggregator pages, and no earnings print for Arm falls inside this window. That is the largest unexplained single-week move on this board and the one most worth a second week's confirmation before treating the extension as durable.

Meta also crossed into overbought territory, RSI 65.8→77.0, the board's highest reading, with its year improving sharply from -14.67% to -1.5% — the longest-running repair on this board is close to turning its trailing year positive for the first time. No dated catalyst was found for the week's specific move; its receipt carries only generic quote pages. Datadog and MongoDB both posted large RSI gains (DDOG +11.1 to 60.0, MDB +10.9 to 59.4) without a dated cause on file either. Broadcom is the one semis name still cooling: RSI 45.5→44.4, still the group's only sub-200-day name, though a Yahoo Finance item (September 21) carries its chief executive pushing back on "AI slowdown" concerns and reiterating unchanged targets — a defensive framing rather than a catalyst for a move, and Broadcom's tape didn't move much on it either way.

Cybersecurity kept extending the re-rate flagged last cycle. Zscaler rose again, RSI 63.3→70.5, crossing above RSI 70 for the first time and widening its 200-day cushion to +27.8%, though its year is still -25.87% — a repair still in progress, not a completed one. CrowdStrike (RSI 68.9, cushion now +76.4%) and Palo Alto Networks (RSI 62.7, cushion +61.6%) both extended without a fresh dated item explaining the specific week. The board grew by three names this cycle: Lumentum and Coherent, both optical/photonics names, and Nebius, a neocloud infrastructure provider the desk tracks as part of its standing AI-provider focus lane. Coherent's inclusion lines up with a dated catalyst — the company reported fourth-quarter and full-year fiscal 2026 results on September 22 — while Nebius's addition follows a Yahoo Finance item (September 20) describing a price increase for its cloud services, framed as a signal against a well-known short position in the name. Lumentum's own news receipt was last pulled September 16, before this week's window, so nothing on file speaks to its specific move this week.

The damaged corners are AI power and telecom. NextEra Energy fell into capitulation at RSI 22.1, the board's only sub-25 print, though it remains the group's one name with a positive trailing year (+6.5%). Eleven of the group's twelve names still sit below their 200-day. Constellation Energy is the exception worth flagging: after two straight weeks of decline that took it to 13.0% below its 200-day, its RSI firmed this week (36.4→43.8) and its 200-day gap narrowed to -9.4% — a stabilization, not a repair, since its year is still slightly deteriorating (-21.07%→-21.62%) and nothing beyond the standing September equity raise is on file. Telecom fell again across the board with no sourced cause: Verizon's RSI dropped 7.4 points and BCE's 4.8, and neither name's news receipt carries a substantive item dated inside this week — the same unexplained pattern the desk flagged last cycle, now running two weeks. Quantum names mostly bounced (IONQ +15.47% on the week, RGTI +8.25%) while staying deeply below their 200-day with double-digit negative years — a bounce, not a turn, consistent with the standing read on this cohort.

1. Five names crossed above RSI 70 for the first time this stretch: ARM (57.7→71.1), AMD (65.4→71.0), INTC (61.7→70.3), ZS (63.3→70.5), META (65.8→77.0). Last cycle's highest reading was TEM at 67.8.
2. ARM posted the board's largest move by far: +36.31% on the week, +20.66% in price terms from $275.61 to $332.56, 200-day cushion +33.0%→+58.2%, year +88.08%→+135.87% — no dated catalyst found in its news receipt or in research/stock-events/.
3. A CPU-stock rally is on the record: CNBC (Sept 21) reported Intel surging 12%; MarketWatch (Sept 21) reported AMD crossing a $1 trillion intraday market cap the same day. Both now trade above RSI 70.
4. NextEra Energy fell into capitulation: RSI 32.7→22.1 (-10.6), the board's only sub-25 print, though it remains the AI-power group's one name with a positive year.
5. CEG stabilized after two straight weeks of decline: RSI +7.4 (36.4→43.8), 200-day gap narrowed -13.0%→-9.4%, though its year is still fractionally negative-deepening (-21.07%→-21.62%).
6. The board grew by three names: Lumentum (LITE) and Coherent (COHR), both optical/photonics, and Nebius (NBIS), a neocloud provider — Coherent's addition lines up with fourth-quarter/full-year fiscal 2026 results reported September 22; Nebius's follows a September 20 report of a cloud-services price increase.
7. Telecom fell for a second straight week with no sourced cause: VZ -7.4 RSI (42.0→34.6), BCE -4.8 (32.5→27.7); neither name's receipt carries a substantive item dated inside the window.
8. GOOGL cooled sharply: RSI -9.9 (55.0→45.1), price -3.35%, 200-day cushion cut to exactly 0% — now sitting right on the line.
9. BOTZ's year flipped negative: +0.23%→-1.04%, while ROBO's cushion widened slightly to +2.9% — the two robotics funds continue to diverge from the AI-weighted funds (AIQ +34.04% year, SMH +86.95%).
10. The oversold band widened from 7 names to 9: CEG climbed out (43.8, now neutral); ADBE, FSLR and VZ fell in; NEE deepened into capitulation.
11. The quantum/speculative cohort mostly bounced but stayed broken: IONQ +15.47% on the week (RSI 48.7→57.2), RGTI +8.25% (49.1→50.3), while BBAI and SOUN stayed the deepest in the cohort, both still 25-33% below their 200-day.
12. MU's earnings print (flagged last cycle for September 30) has not yet arrived — still the largest scheduled event ahead on this board.

RSI below 25 is capitulation. RSI 25-40 is oversold — check the trend and the long-horizon numbers before treating it as a buy signal, because several names here fell into this band while remaining well above their 200-day. RSI 40-70 is neutral-to-healthy, above 70 is extended. "vs SMA" is distance from the 20-day average, short-term positioning only. "1Y%" and "vs SMA200" are the long-horizon check: a red short-window trend flag paired with price above the 200-day and a positive year is a deep pullback, not a breakdown; the reverse is real structural damage. Where a cause is named below it comes from a dated item in that name's news receipt or a dated capture; where the receipt is stale or failed, the scan says "news not pulled for this move" rather than implying nothing happened.

Read: Three names — Arm, AMD, Intel — now trade above RSI 70, a first for this board this stretch. AMD and Intel's extension has a dated catalyst on record; Arm's does not, and its move is by far the largest, which makes it the name on this table most in need of a second week's confirmation before its extension is trusted. Broadcom remains the group's one name below its 200-day.

Read: All three continue to hold extraordinary trailing years with large cushions, and all three firmed this week. Micron's scheduled print has not yet landed — still the largest scheduled event ahead on this board.

Read: Meta's overbought print is the group's headline, its year nearly turning positive for the first time in this stretch, though no dated catalyst was found for this week's specific move. Alphabet is the group's one concerning name this week: its 200-day cushion fell from +3.6% to exactly 0%, meaning next week's tape decides whether it joins the group's confirmed-damage names or holds its intact trend.

Read: All four names extended last cycle's re-rate; Zscaler crossed above RSI 70 for the first time even though its trailing year is still deeply negative at -25.87% — this is a repair still in progress, not a completed one, and the 27.8% cushion above its 200-day is now the level that matters if the extension gives back.

Read: Cloudflare and MongoDB were the group's strong movers without a sourced catalyst behind either. Digital Realty's cushion is now down to 0.6%, the thinnest in the group, and UiPath extended its multi-week decline to a cushion of just 1.3% — both are the names to watch for a 200-day crossing next. Adobe stays the group's confirmed breakdown.

Read: Eleven of twelve names sit below their 200-day and ten carry a negative year — still the board's most damaged corner. NextEra's drop into capitulation is the group's headline this week; Constellation Energy is the one name showing real improvement, its RSI firming for the first time in three cycles even though its year is still fractionally deteriorating. Bloom Energy remains the group's sole clean leader.

Read: Tempus AI cooled slightly after last cycle's violent re-rate but holds its gains, its cushion still at +36.3%. Intuitive Surgical's repair keeps going but 12.0% below its 200-day is still 12.0% below.

Read: Every name in this cohort bounced this week and every one remains between 2.7% and 30.8% below its 200-day with a double-digit negative year — IonQ is the closest to reclaiming its 200-day, but this remains a bounce, not a turn, for the cohort as a whole.

Read: The whole group fell again for a second straight week, and the desk still has no receipt that speaks to why. Verizon's year is still positive (+7.31%) with its cushion right at the line (+0.7%), so its drop reads as a deep pullback rather than confirmed damage for now; T-Mobile and BCE do not pass that check and both deepened further.

Read: The two AI-weighted funds continue to lead; the two robotics funds keep decoupling from them. BOTZ's year turned negative this week for the first time in this stretch, widening the split from AIQ's +34.04%.

Read: All three new additions carry strong trailing years and sit above their 200-day. Nebius is a member of the neocloud/AI-provider stack the desk tracks as a standing focus lane, and its September 20 price-increase report is the one dated catalyst among the three; Coherent's addition lines up with a fourth-quarter earnings report the same week, and Lumentum's own receipt is a week stale, so nothing on file speaks to its specific move.

Read: SK hynix's US listing is still too young for a long-horizon read; its month remains strong but unclassifiable against a trend.

One name: NEE at 22.1 — the board's only sub-25 print, though it remains the AI-power group's one name with a positive trailing year (+6.5%).

Eight names: BCE (27.7), ENPH (34.1), VZ (34.6), TMUS (36.8), PATH (37.5), SOUN (38.3), ADBE (39.2), FSLR (39.6). The band widened from 7 to 9 total (including capitulation) since last cycle — CEG climbed out into neutral; ADBE, FSLR and VZ fell in. Only PATH still carries a positive year among this group.

The remaining 61 names, five of them above RSI 70 for the first time this stretch: META (77.0), ARM (71.1), AMD (71.0), ZS (70.5), INTC (70.3). QCOM (66.4), PLTR (66.9) and NET (65.4) round out the top tier below that.

• Whether Arm's 36.31% week survives a retest. The move is the largest on this board and carries no dated catalyst; a give-back of even a third of it would pull the stock back through RSI 70 and cut deeply into the new +58.2% cushion.
• Whether the CPU-stock rally (Intel +12% on September 21, AMD's $1 trillion milestone the same day) holds a second week or fades as a one-day-driven pop — both names are now overbought.
• Whether telecom's unexplained second straight losing week gets a sourced cause, or resolves as part of the same rate-driven repricing hitting utilities and real estate on the broader market dashboard this week.
• Whether Constellation Energy's stabilization (RSI +7.4, cushion narrowing) becomes a genuine repair or was one calmer week inside a still-deteriorating year.
• Whether GOOGL's 200-day cushion — now at exactly 0% — resolves up into the intact column or down into confirmed damage next week.
• Whether Meta's trailing year, now at -1.5%, crosses into positive territory for the first time in this stretch, and whether its RSI 77 print gives back before it gets there.
• Whether Digital Realty (cushion 0.6%) or UiPath (cushion 1.3%) cross below their 200-day next — both are now the thinnest positive readings on this board outside of GOOGL.
• Micron's scheduled print, still the largest scheduled event ahead on this board.

• Tape data (price, RSI, moving averages, returns): full-scan pre-computed summaries as of the 2026-09-23 close — ai-scan.
• News receipts checked for cause attribution: stocks{ARM,AMD,MRVL,INTC,META,NVDA,NBIS,LITE,COHR,CEG,VZ,T,TMUS,BCE,TAC,P}/news/latest.json`.
• Scheduled-event check: research/stock-events/ (Arm, AMD, Marvell, Intel, Meta, Coherent, Lumentum, Constellation Energy — no earnings prints fall inside this window).
• CPU-stock rally and AMD milestone: 2026-09-21-cnbc-intel-surges-12-as-cpu-stocks-rally-here-s-what-s-driving-th-108365666, 2026-09-21-marketwatch-amd-hits-a-major-milestone-as-ai-stocks-blaze-higher--mktw-0005244006.
• Broadcom management commentary: 2026-09-21-yahoofinance-our-targets-haven-t-changed-broadcom-s-ceo-pushes-back-on-th-m-112507800-html.
• Nebius price increase: 2026-09-20-yahoofinance-nebius-s-price-hike-suggests-michael-burry-made-a-mistake-an-l-142209026-html.
• Prior cycle for comparison: 2026-09-18-ai-scan.