Cloud ETFs Scan
Cloud ETFs Scan
Cloud ETFs cooling but not capitulating — all four in mid-RSI pullback (41.8-50.8), all below SMA20. IGV (RSI 41.8, -4% 7D, -24.5% from high) is the weakest and only one in strong-down trend; SKYY (RSI 50.8, golden cross, +19.2% 3M) is the relative strength leader. No name is oversold (<30) — this is a controlled pullback, not a buy-the-blood signal.
Latest bar Thursday 2026-06-18 (Fri 06-19 Juneteenth, closed). WCLD/CLOU/SKYY 2d stale from yfinance throttle — flagged inline.
Quick Snapshot
| Signal | Reading |
|---|---|
| Overall | 🟡 Broad cloud pullback — all 4 ETFs below SMA20 on a soft week (7D -1.3% to -5.9%), RSI 42-51; but 3M still positive (+5.5% to +19.2%) so the medium-term uptrend holds. No oversold capitulation |
| Key insight | SKYY (RSI 50.8, golden cross, +19.2% 3M, strong-up) is holding up best and sits above SMA50/200; IGV (RSI 41.8, strong-down, death cross, -24.5% from high) is the laggard. The "all cloud ETFs oversold" contrarian trigger is NOT firing — wait for RSI <35 |
Price Table
| Stock | Price | RSI | vs SMA20 | 7D% | 30D% | 3M% | 52wkHi% | Signal |
|---|---|---|---|---|---|---|---|---|
| SKYY | $134.66 | 50.8 | -2.4% | -1.34% | +4.15% | +19.24% | -13.55% | 🔒 Hold (06-17, 2d stale) |
| WCLD | $30.40 | 48.2 | -3.2% | -1.94% | +3.09% | +6.26% | -17.79% | 🔍 Watch (06-16, 2d stale) |
| CLOU | $21.98 | 42.9 | -6.2% | -5.92% | -2.83% | +10.29% | -17.74% | 🔍 Watch (06-17, 2d stale) |
| IGV | $89.09 | 41.8 | -6.4% | -4.01% | -3.09% | +5.51% | -24.49% | 🔍 Watch |
Tier Analysis
Relative Strength / Hold (RSI 50.8):
SKYY (RSI 50.8, golden cross, strong-up trend, +19.2% 3M, above SMA50 +5.3% and SMA200 +6.5%, -13.6% from high) is the healthiest cloud ETF — only -2.4% vs SMA20 and pullback regime. The cleanest hold of the four; broad-cloud exposure without the deeper drawdowns.
Mild Pullback / Watch (RSI 42-48): WCLD (RSI 48.2, weak-up, +6.3% 3M, -3.2% vs SMA20, -17.8% from high) and CLOU (RSI 42.9, -5.9% 7D the worst weekly move, +10.3% 3M, -6.2% vs SMA20) are both pulling back toward SMA50 but still hold positive 3M. CLOU's golden cross is absent (death cross on books) but it sits +1.1% vs SMA50 / +0.6% vs SMA200 — basing near long-term support.
Laggard / Watch (RSI 41.8): IGV (RSI 41.8, strong-down trend, death cross, -6.4% vs SMA20, -24.5% from high — the deepest drawdown) is the weak link. The software-heavy ETF reflects the SaaS weakness seen in single names (ZS-type collapses). Not oversold yet; watch for RSI <35.
Entry Zones
| Stock | Price | RSI | 30D% | Setup |
|---|---|---|---|---|
| IGV | $89.09 | 41.8 | -3.09% | Software-cloud laggard; -24.5% from high; watch for RSI <35 near SMA50 ($89.93) — currently right at it |
| CLOU | $21.98 | 42.9 | -2.83% | Basing near SMA50/200; -5.9% 7D worst weekly; alert RSI <38 with stabilization (06-17, 2d stale) |
| SKYY | $134.66 | 50.8 | +4.15% | Quality cloud ETF in uptrend; not a buy yet — alert for RSI dip to 42-45 near SMA50 ($127.84) (06-17, 2d stale) |
Action Matrix
| Action | Stocks | Why |
|---|---|---|
| 🔒 HOLD | SKYY | Golden cross, strong-up, +19.2% 3M — relative-strength leader; hold |
| 🔍 WATCH | WCLD, CLOU | Mild pullback below SMA20 but positive 3M; basing — watch for deeper RSI |
| 🔍 WATCH | IGV | Weakest (strong-down, -24.5% from high); needs RSI <35 + floor before contrarian entry |
Sector Rotation Alert
| Signal | Trigger | What It Means | Status |
|---|---|---|---|
| Cloud RSI < 30 | All 4 cloud ETFs oversold | Capitulation — contrarian entry | ⏳ NOT triggered (RSI 41.8-50.8) |
| Cloud below SMA20 | All 4 under SMA20 | Short-term pullback underway | 🟡 ACTIVE (all 4 -2.4% to -6.4% vs SMA20) |
What Changed
- Broad cloud pullback — all 4 ETFs dropped below SMA20 on a soft week (7D -1.3% to -5.9%); medium-term (3M +5.5% to +19.2%) still intact
- SKYY is the leader — RSI 50.8, golden cross, strong-up, +19.2% 3M; only one holding above SMA50/200
- IGV the laggard — RSI 41.8, strong-down, death cross, -24.5% from high; software-heavy ETF reflecting SaaS weakness
- No capitulation — the "all cloud ETFs oversold" contrarian trigger is NOT firing; this is a controlled pullback
The Gold
Key Discoveries
| Discovery | Implication |
|---|---|
| SKYY golden cross + strong-up while IGV strong-down | Cloud-infra (SKYY) outperforming pure-software (IGV) — composition matters this cycle |
| All 4 below SMA20 but 3M still positive | Short-term pullback inside an intact medium-term uptrend — not a thesis break |
Mistakes (Don't Repeat)
| Mistake | Lesson |
|---|---|
| Reading "all 4 below SMA20" as the oversold contrarian trigger | The documented trigger is RSI <30, not just sub-SMA20 — current RSI 42-51 is mid-range, not capitulation |
Open Questions
Related
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