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Scan symbols 13
AKAMCFLTCLOUDDOGDOCNESTCFSLYIGVMDBNETSKYYSNOWWCLD
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@cloud-etfs
raw scan snapshot — prices as of scan date, not live 37 rows · screens, not recommendations superseded by2026-04-26-cloud-etfsported fromresearch/classic/scans/_archive/2026-02-05-cloud-etfs.mdscan slugcloud-etfssource typescan-archive

The contrarian thesis: AI accelerates SaaS, survivors will be bigger and stronger. ALL FOUR MAKING NEW LOWS. IGV RSI 13 = historically extreme.

Quick Snapshot

Signal Reading
Overall 🔴 CAPITULATION CONTINUES - All 4 ETFs making new lows, RSI 13-25. Selloff accelerating not stabilizing.
Key insight IGV RSI 13 = historically extreme. WCLD RSI 19. SaaS leaders (CRM, SNOW, NOW) in freefall.
vs Yesterday ALL four ETFs lower. IGV dropped from RSI 14 to 13. WCLD from 20 to 19. No relief rally.

Action Matrix

Action ETFs Why
✅ STRONG BUY IGV RSI 13 = historically extreme, includes profitable names (ADBE, CRM, NOW)
✅ STRONG BUY WCLD RSI 19 = deep oversold, pure cloud-native, highest beta if thesis right
🔍 RESEARCH SKYY RSI 23 = oversold, broader cloud (includes infra)
🔍 WATCH CLOU RSI 25 = oversold, similar to WCLD but less liquid

Legend

  • RSI ↓ = Oversold (<30) - potential buying opportunity
  • RSI ↑ = Overbought (>70) - FOMO warning, may pullback
  • 52wkHi = % from 52-week high (how far below peak)

Data (Validated 2026-02-05)

ETF Price 7D 30D 3M 52wkHi RSI Expense Status Action
WCLD $26.96 -7.5% -23.1% -22.3% -34.9% 19 ↓ 0.45% 🟢 OVERSOLD ✅ Strong Buy
IGV $79.67 -7.8% -24.1% -27.1% -32.5% 13 ↓ 0.40% 🟢 EXTREME OVERSOLD ✅ Strong Buy
CLOU $18.91 -6.1% -16.8% -19.1% -27.9% 25 ↓ 0.68% 🟢 Oversold 🔍 Watch
SKYY $108.01 -7.2% -17.2% -21.1% -24.9% 23 ↓ 0.60% 🟢 Oversold 🔍 Research

Technical read: ALL FOUR MAKING NEW LOWS. IGV RSI 13 is the lowest reading since the 2022 washout. The selloff is broadening and deepening.

Key Changes vs 2026-02-04

ETF Yesterday RSI Today RSI Change Price Move
WCLD 20 19 -1 $28.15 → $26.96 (-4.2%)
IGV 14 13 -1 $83.84 → $79.67 (-5.0%)
CLOU 26 25 -1 $19.53 → $18.91 (-3.2%)
SKYY 25 23 -2 $111.91 → $108.01 (-3.5%)

Read: No relief. All four lower again. IGV dropped another 5% to RSI 13. SKYY RSI fell 2 points. This is broad-based selling, not stock-specific.

Top Holdings Snapshot (Web-Cloud Stocks)

Stock Price 7D 30D RSI Status
SNOW $156.71 -16.9% -33.2% 18 ↓ 🟢 CAPITULATING
ESTC $57.16 -9.9% -24.4% 22 ↓ 🟢 Oversold
MDB $326.50 -8.6% -25.1% 30 🟡 At support
CFLT $30.36 -0.6% +0.6% 35 🟡 Relative strength
NVDA-adjacent: NET $163.05 -4.9% -17.7% 40 🟡 Pullback
DDOG $106.73 -11.2% -22.2% 39 🟡 Pullback
FSLY $7.96 -13.0% -21.0% 36 ⚠️ Small cap risk
DOCN $57.66 +0.6% +6.8% 59 🟢 Relative strength
AKAM $91.49 -7.2% +3.1% 50 🟡 Neutral

Pattern: SNOW in full capitulation (-33% 30D). MDB and DDOG following. Only DOCN and CFLT showing any relative strength. FSLY approaching penny stock territory.

Category Analysis

Data Platforms (Hardest Hit)

Stock Price 30D RSI Action
SNOW $156.71 -33.2% 18 ↓ BUY ZONE - capitulation
MDB $326.50 -25.1% 30 Approaching buy zone
ESTC $57.16 -24.4% 22 ↓ BUY ZONE
CFLT $30.36 +0.6% 35 Relative strength - hold

Infrastructure/Edge

Stock Price 30D RSI Action
NET $163.05 -17.7% 40 Watch for RSI < 30
DDOG $106.73 -22.2% 39 Watch for RSI < 30
FSLY $7.96 -21.0% 36 Speculative only
AKAM $91.49 +3.1% 50 Neutral - defensive
DOCN $57.66 +6.8% 59 Relative strength

Analysis

What Changed

  • IGV RSI 13 - Down from 14 yesterday. This is historically extreme. The 2022 bottom was around RSI 15-18.
  • SNOW -33.2% in 30 days - Data cloud in freefall, from $165 to $156 in one day
  • SKYY RSI dropped 2 points - Broadest ETF falling fastest now, infra names joining the selloff
  • No bounces sticking - Every ETF lower vs yesterday, no sign of a bottom yet

Entry Strategy Update

Given continued weakness and no sign of capitulation exhaustion:

Strategy Today If Lower
Conservative 30% IGV at $79.67 Add 20% at $72, 20% at $65
Aggressive 30% WCLD at $26.96 Add 20% at $24, 20% at $22
Stock picker SNOW at $156, ESTC at $57 Add on further weakness
Full conviction 30% split across IGV+WCLD DCA remaining 70% over 2 weeks

Catalysts to Watch

  • Cloud earnings (CRM, NOW, ADBE, SNOW all upcoming)
  • Fed rate decision language
  • Any positive AI monetization data from enterprise SaaS
  • Volume capitulation signal (high volume selling followed by reversal)

The Gold

The question is no longer IF these are oversold but WHEN they bottom.

  1. IGV RSI 13 is historically extreme. In the 2022 selloff, IGV bottomed around RSI 15-18. We are below that. Either this is worse than 2022 or we are very close to a bottom.
  2. SaaS leaders in freefall: CRM RSI 19, NOW RSI 27, SNOW RSI 18, WDAY RSI ~20. These are not speculative names - these are the enterprise software backbone.
  3. DOCN and CFLT divergence: The only two cloud names in green territory. DOCN +6.8% 30D while everything else craters. Worth understanding why.
  4. The ETF approach makes sense here because picking which SaaS name bounces first is a coin flip. IGV gives you ADBE + CRM + NOW + WDAY in one trade at RSI 13.
  5. Risk: No sign of a bottom yet. RSI can go lower. The 2008 analog would put these at RSI 8-10. Size positions accordingly.

Bottom line: IGV at RSI 13 with -32.5% from 52wk highs is the highest conviction trade on the board. DCA in, don't bet the farm on one entry.

Commands

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ETFs

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Individual cloud stocks

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10 events
DateTypeEvent
Feb 3 UpdateWeb/Cloud Infrastructure Feb 5 ArticleActions & Alerts Log Feb 5 UpdateWeb/Cloud Infrastructure Feb 4 UpdateWeb/Cloud Infrastructure Feb 3 ScanCloud ETFs Feb 5 UpdatePortfolio - Main Snapshot Feb 4 ArticleActions & Alerts Log Feb 3 ArticleActions & Alerts Log Feb 9 ScanCloud ETFs Scan Mar 11 ScanInsider Activity Scan

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