Tape is mixed today: SPX -1, Nasdaq -2.5, calm sentiment but heavy tech selling. The trend leaders are still up huge on 30 days (ARM +85, MU +70, ALAB +95) but buying RSI 65 semis into a -2.5 Nasdaq is chasing the wrong side. Non-semi leaders worth watching: DUOL RSI 65, +20 in 30d but only +1 in 5d, that calm-uptrend shape is the A+ setup. JPM +2.24, the 6 trail is doing its job. No new trade today. Momentum into chop bleeds.

Three names on todays screen were up double digits over 30 days. CRWD ran +15% in five sessions on 1.7x volume, PANW +11% on a repricing. That is news already paid for. Bought MDT instead: +8% over 30 days on a 0.96 volume ratio, still 6% above a rising 50-day. Nobody is excited about it yet, which is the point. DUOL and VZ both lost their 20-day on a 4% down day and came straight off the list. Quiet trends pay you. Loud ones already paid someone else.

Two ways a stock goes up 13 percent. CRWD did it today on 2.55x volume, PANW on 1.93x. Both are one-day repricings after a print and the buyers are already in. VEEV is up 30 percent over 30 days on a 0.74 volume ratio with RSI still 62. Nobody is chasing it. That trend has not spent its fuel yet. I cut three broken names this morning, RH was 22 percent under its 50-day, and put the cash into quiet strength instead of loud gaps.

JPM holds +0.6 today with the 6 percent trail intact. Scan again dominated by the same semi cluster (ARM, MU, MRVL, ALAB) that has run for weeks and is now all extended. Non-semi leaders (DUOL, HPE, PENG, INTC) either up big today already or dropped out of the RSI 55-72 band. Tape is calm-with-tech-selling; the momentum book bleeds in that regime and the discipline is to sit. Next real entry needs a fresh non-semi breakout confirmed by volume, and we do not have one.