Etf Universe
Etf Universe
2026-07-07 ETF Universe Scan — Small Caps Wake Up, Biotech/Airlines Break Out, Gold Rolls Over
Data as-of 2026-07-06 close. Source: summaries/etf-ideas.json, read directly — no computed math.
Broad-market ETFs are healthy, not extended: QQQM/QQQ sit at RSI 52 and VOO/VTI at RSI 59-60, all comfortably golden-crossed and ~9-14% above their 200-day. The real story is underneath the index. Small caps (IWM) are waking up with a +5.4% 30-day pop and RSI 60.5. Biotech and airlines just broke out into overbought territory (XBI, LABU, JETS), while gold miners rolled into a "collapse" regime even as spot gold merely cools. The full stack of leveraged inverse funds (SQQQ, SOXS, TZA, FNGD, LABD, TECS) remains pinned 85-99% below their 5-year highs — the mirror confirmation that the broad uptrend is intact.
Evidence
| Ticker | Price | RSI | 30D | vs SMA200 | Regime | Note |
|---|---|---|---|---|---|---|
| IWM | $298.90 | 60.5 | +5.5% | +15% | uptrend | Small caps breaking out — best 30D of the broad-market group |
| VOO | $690.62 | 59 | +1.9% | +9% | uptrend | Healthy, not extended |
| QQQM | $297.52 | 52.1 | +1.0% | +14% | uptrend | Flat 30D, resting |
| SMH | $604.30 | 49.4 | +1.0% | +41% | uptrend | Semis ETF cooling -2.8% 7D within trend |
| SOXL | $194.65 | 46.5 | -7.9% | +122% (VWAP) | pullback | 3x semis giving back some of the +244% 3M run |
| XBI | $160.81 | 77.0 | +25.3% | +30% | breakout | Biotech sector broadly overbought |
| LABU | $304.95 | 77.7 | +91.6% | +88% | parabolic | 3x leveraged biotech — extreme, decay risk |
| JETS | $33.34 | 74.4 | +20.4% | +23% | breakout | Airlines confirm monster-scan's overbought airline cluster |
| GLD | $382.13 | 45.4 | -3.8% | -6.8% | pullback | Gold cooling, deathCross |
| GDX | $78.74 | 46.2 | +0.1% | -9.9% | collapse | Gold miners rolling into collapse regime, -17% 3M |
| KWEB | $25.59 | 48.5 | -2.0% | -21.5% | collapse | China internet still weak |
| FXI | $32.49 | 38.8 | -5.6% | -13.3% | downtrend | China broad still weak |
| QTUM | $156.94 | 49.5 | -0.3% | +28.8% | uptrend | Quantum computing theme, +42% 3M, not extended |
| DRAM | $64.76 | 49.5 | +7.0% | n/a (young) | too-young | Memory-thesis proxy fund, +120% 3M |
| VGT | $116.37 | 50.9 | -0.6% | +18% | uptrend | Mega-cap tech basing |
| WCLD | $34.12 | 67.5 | +7.2% | +8% | uptrend | Cloud/SaaS bouncing, still deathCross |
| TAN | $57.54 | 42.3 | -9.5% | +6.3% | pullback | Solar weak-down but goldenCross intact |
(Income/covered-call sleeve — JEPQ, JEPI, SCHD, VYM, QYLD, XYLD, DOGG — all basing/uptrend RSI 53-69, low-drama; broad tech sector ETFs XLK/FTEC track VGT closely; omitted for length.)
Promotion Candidates
- QTUM — clean uptrend, RSI 49.5 (not extended), +42% 3M. Quantum-computing theme with room left.
- IWM — small caps breaking into leadership after a long laggard stretch.
- DRAM — direct proxy for the memory-supercycle thesis already tracked on the desk; +120% 3M confirms the MU/SNDK tape from elsewhere in the corpus.
Rollover Risks
- LABU / XBI — biotech leveraged and unleveraged both overbought (RSI 77+); this is the same biotech-overbought cluster flagged in the 2026-06-26 monster scan, now visible at the ETF level too.
- GDX — gold miners into "collapse" regime, -17% 3M; watch for a broader risk-on rotation away from gold.
- KWEB / FXI — China internet/broad still weak, no basing signal yet.
Open Questions
- Is the DRAM fund's +120% 3M move broad-based memory exposure or concentrated in 1-2 names? Worth a look if considering it as a memory-thesis proxy position.
Related
10 eventsNo direct external sources are attached to this read.