Etf Universe
Etf Universe
2026-07-25 ETF Universe Scan — SOXL's Single-Day Air Pocket, Gold Complex Turns The Corner, Broad Tech Cools Further
The broad index/tech sleeve kept cooling into this Friday close — QQQM and QQQ both slid to RSI 39, the lowest print either has carried in this corpus in weeks — but the loudest single event was SOXL's -13.14% drop in one session, an air pocket that wiped out a positive weekly print in a single day. The more constructive thread: gold and the miners (GLD, GDX, URA) all stopped deteriorating this cycle and posted their first flat-to-positive 30-day prints after multiple scans of straight-line decline, even as TAN kept sliding deeper into its own downtrend. SCHD's move into a breakout regime is the income sleeve's strongest print this cycle.
Data as-of the 2026-07-24 close. Source: summaries/etf-ideas.json, read directly — no computed math. Prior scan: 2026-07-17-etf-universe (2026-07-17 close).
Quick Snapshot
| Signal | Reading |
|---|---|
| Overall | 🟡 Broad index/tech sleeve cooled further (QQQM/QQQ RSI 39) while the gold complex stopped deteriorating — a genuinely mixed cycle, not a one-direction move |
| Standout single-day move | SOXL -13.14% on the Friday close alone — 30D still deeply negative at -40.41%, but 7D was actually positive (+0.99%) heading into that single session |
| Reversal underway | GLD (30D +1.63%, was -4.83%), GDX (30D +0.86%, was -13.56%) and URA (30D -10.8%, was -18.94%) all stopped worsening this cycle — the first flat-to-positive prints after multiple scans of straight decline |
| Continued weakness | TAN deepened again — RSI 34.5, vs-200-day now -6.5% (was -1.4% last cycle) — no stabilization signal |
| Notable regime flip | SCHD entered `breakout` regime (RSI 65.2, 30D +4.95%) — the income sleeve's strongest print this cycle |
| Key insight | The gold/miner stabilization and SOXL's single-day air pocket are this cycle's two structural stories — one genuinely improving, one confirming that leveraged-fund decay compounds fast when the underlying rolls over |
What's Going On
The broad-market sleeve continued the cooldown flagged last scan. QQQM ($281.68, RSI 39.2, 30D -3.74%) and QQQ ($684.23, RSI 39.3, 30D -3.71%) both fell further from last scan's RSI 42, though both stay golden-crossed and +6.6% above their 200-day — a deepening pullback, not a broken trend. VOO ($679.14, RSI 45.3, 30D +0.8%) and VTI ($364.80, RSI 45.1, 30D +0.6%) cooled less sharply and stayed marginally positive on the month. IWM ($291.17, RSI 45.6, 30D -1.86%) held up best of the five on RSI, still strong-up and +10.4% above its 200-day.
SOXL is the cycle's headline single-day event. After a positive week (7D +0.99%), the fund fell -13.14% in the Friday session alone — price now $136.81, RSI 40.6, 30D -40.41%, still +41.4% above its 200-day. This is the same semis rollover flagged in the last two scans, but the velocity of Friday's single-session drop is new information: leveraged decay doesn't move in a straight line, and this is what a sudden air pocket looks like inside an already-weak trend. SOXS, the inverse mirror, jumped +12.98% the same session (30D +26.3%, RSI 28.5, collapse regime) — a clean confirmation the move was a real semis-complex event, not fund-specific noise. SMH itself ($561.19, RSI 42.9, 1D -3.27%, 30D -9.33%) shows the same one-day hit at a smaller multiple, though its 30-day print actually improved from last cycle's -15.66%. TQQQ (30D -12.69%, improved from -18.32%) and TECL (30D -14.11%, improved from -24.81%) both show the same pattern — cooling from last cycle's deeper damage even with Friday's semis wobble mixed in.
The gold complex is this cycle's most constructive story. After three straight scans of pure deterioration, GLD ($371.90, RSI 44.7, 30D +1.63%, was -4.83%), GDX ($75.23, RSI 47.3, 30D +0.86%, was -13.56%), and URA ($39.89, RSI 38.7, 30D -10.8%, was -18.94%) all stopped worsening and posted flat-to-positive 30-day prints for the first time in this corpus's tracked window. None have flipped their golden/death-cross status (all three remain death-crossed), so this reads as stabilization, not a confirmed reversal yet. TAN moved the opposite direction — RSI 34.5 (was 39.2), 30D -11.83%, and its vs-200-day cushion, which had just failed last cycle (-1.4%), deepened further to -6.5% — no stabilization signal here at all. ICLN (RSI 33.9, 30D -13.18%) shows similar continued weakness in the same clean-energy sleeve.
KWEB and FXI both continued the stabilization flagged over the last two scans — KWEB (RSI 49.9, 30D +8.19%, vs-200-day cushion -17.0%) and FXI (RSI 57.9, 30D +6.86%, cushion improved to -6.6% from -8.2%) — both still death-crossed, still unconfirmed. In the income sleeve, SCHD ($33.29, RSI 65.2, 30D +4.95%) is now flagged breakout regime — the strongest technical read anywhere in the low-volatility/dividend bucket this cycle, alongside VYM (RSI 63.5, 30D +2.68%) holding a strong-up trend. LQD slipped to RSI 29.8 (30D -2.57%) — the bond side of the sleeve is also cooling, worth watching alongside rate-sensitive names elsewhere in the tape. The too-young cohort remains high-dispersion: SSPC (+61.15% 30D) and SPCQ (+55.61% 30D) are extended/parabolic-adjacent, while SPCH (-47.47%), MRVU (-54.66%), MVLL (-55.07%), and FOMG (-53.11%) are all sharply down — still too fresh for a trend call either way.
What Changed Since Prior Scan (2026-07-17 → 2026-07-25)
| Change | Read |
|---|---|
| SOXL's air pocket — 1-day drop of -13.14%, 30D improved to -40.41% from -51.49% even after that drop | The semis-decay story from the last two scans just showed what a sudden single-session move looks like, not just a slow bleed |
| QQQM/QQQ cooled further — RSI 42→39, both still golden-crossed and +6.6% above their 200-day | The broad-market pullback flagged last cycle continued rather than stabilized |
| Gold complex stopped deteriorating — GLD 30D -4.83%→+1.63%, GDX 30D -13.56%→+0.86%, URA 30D -18.94%→-10.8% | First flat-to-positive prints after three straight scans of pure decline; not yet a confirmed reversal (all three stay death-crossed) |
| TAN deepened further — vs-200-day cushion -1.4%→-6.5%, RSI 39.2→34.5 | The cushion that failed last cycle is now meaningfully underwater, no stabilization |
| SCHD entered `breakout` regime — RSI 65.2, 30D +4.95% | The income sleeve's strongest technical print this cycle |
| KWEB/FXI continued improving — FXI's vs-200-day cushion narrowed to -6.6% from -8.2% | Still death-crossed, but the stabilization trend flagged last cycle held for a second cycle |
| LQD slipped to RSI 29.8 (30D -2.57%) | New this cycle — the bond side of the income sleeve is cooling too |
How To Read The Board
Regime labels (uptrend/pullback/collapse/downtrend/too-young) describe each fund's structural state, not a trade recommendation. This cycle's central tension is between a broad-market/tech sleeve still cooling (QQQM/QQQ at RSI 39, still golden-crossed) and a gold complex that just stopped its multi-scan deterioration without yet confirming a reversal (still death-crossed). SOXL's -13.14% single-day move is a reminder that leveraged funds carry decay on top of whatever direction the underlying is trending — a sharp one-day print inside an already-weak trend, not a new signal in itself. Treat the gold-complex stabilization and TAN's continued cushion failure as two separate, opposite-direction stories inside the same commodity-adjacent sleeve.
Price Table
Broad Market
| Ticker | Price | RSI | 1D | 7D | 30D | 3M | vs SMA200 | Trend | Regime | Note |
|---|---|---|---|---|---|---|---|---|---|---|
| QQQM | $281.68 | 39.2 | -1.16% | -1.62% | -3.74% | +3.16% | +6.6% | weak-down | uptrend | Lowest RSI in this corpus in weeks; golden cross intact |
| QQQ | $684.23 | 39.3 | -1.12% | -1.6% | -3.71% | +3.18% | +6.6% | weak-down | uptrend | Tracks QQQM |
| VOO | $679.14 | 45.3 | +0.08% | -0.59% | +0.8% | +3.76% | +6.3% | weak-down | basing | Cooled less sharply than QQQ/QQQM |
| VTI | $364.80 | 45.1 | +0.03% | -0.6% | +0.6% | +3.92% | +6.5% | weak-down | basing | Tracks VOO closely |
| IWM | $291.17 | 45.6 | -0.31% | -0.98% | -1.86% | +5.5% | +10.4% | strong-up | uptrend | Held up best of the five |
| SMH | $561.19 | 42.9 | -3.27% | +0.84% | -9.33% | +10.81% | +26.0% | weak-down | pullback | 30D print improved from last cycle's -15.66% |
| VGT | $113.30 | 45.0 | -0.95% | +0.18% | -1.59% | +8.9% | +13.1% | weak-down | uptrend | Mega-cap tech, mild cooling |
| XLK | $175.88 | 43.4 | -1.44% | +0.17% | -3.92% | +9.9% | +14.0% | weak-down | pullback | Tracks VGT |
| FTEC | $270.52 | 44.8 | -1.02% | +0.14% | -1.64% | +8.94% | +13.2% | weak-down | uptrend | Tracks VGT |
Leveraged / Inverse (decay risk — heat gauge only)
| Ticker | Price | RSI | 1D | 7D | 30D | 3M | vs SMA200 | Regime | Note |
|---|---|---|---|---|---|---|---|---|---|
| SOXL | $136.81 | 40.6 | -13.14% | +0.99% | -40.41% | +6.62% | +41.4% | pullback | Single-day air pocket; 30D improved from -51.49% pre-drop trajectory |
| SOXS | $51.53 | 28.5 | +12.98% | -6.05% | +26.3% | -97.43% | -99.0% | collapse | Mirror of SOXL's move, confirms the semis event was broad |
| TQQQ | $64.00 | 38.2 | -3.47% | -5.23% | -12.69% | +2.53% | +8.7% | pullback | Improved from -18.32% 30D last cycle |
| QLD | $83.00 | 38.6 | -2.35% | -3.39% | -8.16% | +3.5% | +8.7% | pullback | 3x broad-market, cooling |
| SSO / SPXL / UPRO | $65.67 / $260.40 / $136.27 | 43.7-44.1 | ~0% | -1.3 to -2.0% | +0.94 to +1.28% | +5.8 to +7.8% | +9.5 to +12.5% | uptrend | 2x/3x broad-market bulls, roughly flat on the month |
| TECL | $177.06 | 42.0 | -4.55% | -0.33% | -14.11% | +19.14% | +25.0% | pullback | Improved from -24.81% 30D last cycle |
| TNA | $67.80 | 44.3 | -0.98% | -3.17% | -6.44% | +12.07% | +23.4% | uptrend | Small-cap 3x, tracks IWM |
| LABU | $245.60 | 46.4 | -3.22% | -7.52% | -0.98% | +31.84% | +40.4% | pullback | Continues cooling from last cycle's +28.38% |
| NUGT | $114.30 | 45.6 | +0.36% | +10.47% | -0.34% | -41.42% | -36.7% | collapse | Tracks GDX; 30D roughly flat now |
| DUST | $62.13 | 49.8 | -0.73% | -11.05% | -4.47% | +33.07% | -4.3% | downtrend | Gold-miner bear, pulled back with the GDX stabilization |
| FNGU / FNGD | $24.82 / $37.52 | 40.7 / 56.4 | -2.48% / +2.12% | -6.48% / +6.35% | +1.68% / -4.53% | +0.45% / -16.36% | -1.9% / -24.7% | downtrend | 3x FANG pair, unremarkable |
| TZA | $41.83 | 54.1 | +1.06% | +2.98% | +6.17% | -16.19% | -30.6% | collapse | Small-cap bear, up modestly |
| TECS | $76.33 | 54.4 | +4.15% | -1.01% | +9.2% | -33.53% | -46.7% | downtrend | Tech bear, unremarkable |
| LABD | $8.77 | 47.5 | +3.66% | +7.08% | -4.05% | -37.67% | -52.0% | collapse | Biotech bear, unremarkable |
Sector / Thematic
| Ticker | Price | RSI | 30D | vs SMA200 | Regime | Note |
|---|---|---|---|---|---|---|
| XBI | $150.48 | 48.6 | +0.51% | +17.8% | uptrend | Cooled from last cycle's +9.73% |
| JETS | $30.10 | 44.6 | -7.33% | +9.6% | uptrend | Deepened from -1.74% last cycle |
| QTUM | $139.56 | 36.1 | -12.71% | +11.8% | pullback | Roughly steady with last cycle's -15.5% |
| WCLD | $32.45 | 48.1 | +10.04% | +3.2% | pullback | Death-crossed still |
| CLOU | $23.07 | 47.7 | +7.05% | +5.7% | pullback | Holding up in cloud/SaaS |
| SKYY | $131.96 | 43.4 | +2.23% | +4.3% | pullback | Similar to CLOU |
| IGV | $87.98 | 39.5 | +2.1% | -7.6% | downtrend | Death-crossed, unremarkable |
| GLD | $371.90 | 44.7 | +1.63% | -9.7% | pullback | First positive 30D print in this corpus's tracked window |
| GDX | $75.23 | 47.3 | +0.86% | -13.9% | collapse | Stopped deteriorating this cycle, still death-crossed |
| TAN | $51.28 | 34.5 | -11.83% | -6.5% | downtrend | Cushion failure deepened further, no stabilization |
| ICLN | $17.78 | 33.9 | -13.18% | -4.1% | pullback | Continued weakness, similar to TAN |
| URA | $39.89 | 38.7 | -10.8% | -18.5% | collapse | Improved from -18.94% last cycle |
| KWEB | $26.29 | 49.9 | +8.19% | -17.0% | collapse | Continued stabilization, still death-crossed |
| FXI | $34.58 | 57.9 | +6.86% | -6.6% | downtrend | Cushion improved from -8.2% to -6.6% |
| INDA | $48.02 | 42.4 | -3.24% | -6.0% | basing | Thesis flag intact, unremarkable |
| EWZ | $35.73 | 53.3 | +5.55% | +3.0% | pullback | Broad EM, unremarkable |
| DRAM | $53.20 | 42.0 | -23.92% | n/a | too-young | 1D -8.75%; memory-thesis proxy, sharp pullback from +43.01% 3M |
| RONB | $21.20 | 27.0 | -9.63% | n/a | too-young | Fell into deep oversold this cycle, still no baseline |
Income / Bonds
| Ticker | Price | RSI | 30D | vs SMA200 | Regime | Note |
|---|---|---|---|---|---|---|
| SCHD | $33.29 | 65.2 | +4.95% | +12.5% | breakout | Strongest print in the income sleeve this cycle |
| VYM | $162.23 | 63.5 | +2.68% | +8.8% | basing | Strong-up trend, holding near 52wk high |
| XYLD | $40.76 | 58.7 | +2.36% | +5.9% | basing | Steady |
| DOGG | $21.75 | 57.2 | +2.84% | +5.8% | basing | Steady |
| JEPI | $56.80 | 58.4 | +2.01% | +2.4% | basing | Steady |
| QYLD | $17.56 | 42.9 | -0.96% | +4.5% | basing | Roughly flat |
| JEPQ | $57.96 | 41.2 | -1.88% | +3.3% | basing | Roughly flat |
| HYG | $79.23 | 38.9 | -0.31% | +0.9% | basing | Credit steady, cooling slightly |
| LQD | $106.23 | 29.8 | -2.57% | -1.7% | basing | New this cycle — bond side of the sleeve cooling into oversold |
*(Too-young cohort, high dispersion this cycle: SSPC $20.74 RSI 73.2 30D +61.15% and SPCQ $26.50 RSI 71.8 30D +55.61% are extended/parabolic-adjacent; RAM $12.17 RSI 36.3 30D -48.84%, SPCH $6.65 RSI 24.4 30D -47.47%, MRVU $91.12 RSI 38.2 30D -54.66%, MVLL $22.44 RSI 38.0 30D -55.07% (vs SMA200 +30.0%, pullback regime), CDNG $10.25 RSI 29.3 30D -25.25%, FOMG $5.62 RSI 36.1 30D -53.11%, ENTL $6.74 RSI 34.2 30D -47.13%, CQTM $21.94 RSI 29.6 30D -29.84%, WQTM $30.62 RSI 33.4 30D -16.59%, DISK $33.75 RSI 29.5 30D -32.9%, and LAZR $38.62 RSI 30.9 30D -23.68% remain too-young with no trend classification; several sit near or below RSI 30 without enough history for a structure call.)*
Tier Analysis
Cooling but structurally intact — QQQM, QQQ, VOO, VTI, IWM, VGT, XLK, FTEC, XBI, INDA. All golden-crossed or basing, RSI down from last cycle, no broken structure.
Single-day event, decaying trend — SOXL, SOXS, SMH, TQQQ, TECL. Friday's semis-complex air pocket hit all of these; several 30-day prints actually improved versus last cycle even with the one-day hit mixed in, a reminder that leveraged decay is nonlinear.
Stabilizing, unconfirmed — GLD, GDX, URA, KWEB, FXI all stopped a multi-scan deterioration this cycle without a golden-cross flip. Track whether the next cycle confirms or reverts.
Continued weakness, no stabilization — TAN, ICLN. TAN's cushion failure specifically deepened this cycle rather than basing.
Notable strength — SCHD's move into breakout regime is the cleanest technical print anywhere in this universe this cycle.
High-dispersion, no baseline — the too-young cohort (15 tickers) ranges from +61% to -55% on 30D; several sit at or below RSI 30 without enough history to call structure either way.
Entry Zones
| Ticker | Price | Zone | RSI | vs SMA200 | Setup |
|---|---|---|---|---|---|
| QQQM / QQQ | $281.68 / $684.23 | Watch for RSI stabilization | 39.2 / 39.3 | +6.6% | Lowest RSI in weeks but still golden-crossed; confirm the cooldown doesn't become a trend break |
| SOXL | $136.81 | Avoid as an entry signal | 40.6 | +41.4% | Friday's -13.14% single-day drop is a heat/decay event, not a dip to buy |
| GLD / GDX | $371.90 / $75.23 | Watch for a golden-cross flip | 44.7 / 47.3 | -9.7% / -13.9% | First positive 30D prints after multiple scans of decline — still death-crossed, unconfirmed |
| TAN | $51.28 | Avoid until cushion stabilizes | 34.5 | -6.5% | Cushion failure deepened again this cycle, no basing signal |
Action Matrix
| Action | Stocks | Why |
|---|---|---|
| 🔒 HOLD | IWM, VOO, VTI, XBI, CLOU, SKYY, SCHD, VYM, income/bond sleeve | Structurally intact or newly breaking out |
| 🔍 WATCH | QQQM, QQQ, VGT, XLK, FTEC, JETS, QTUM, WCLD, KWEB, FXI | Cooling or stabilizing this cycle; confirm before treating as a dip |
| ⚠️ HEAT EVENT — DON'T CHASE | SOXL, SOXS, SMH, TQQQ, TECL | Friday's semis-complex single-day move; leveraged decay, not an entry signal |
| 🔍 STABILIZING, UNCONFIRMED | GLD, GDX, URA | Stopped deteriorating this cycle but still death-crossed |
| ❌ AVOID | TAN, ICLN | Continued weakness, cushion failure deepening |
| 🔍 NO BASELINE | DRAM, RONB, RAM, SPCH, SSPC, SPCQ, MRVU, MVLL, CDNG, FOMG, ENTL, CQTM, WQTM, DISK, LAZR | Too-young or freshly volatile; extreme dispersion this cycle |
What To Watch Next
| Watch | Why it matters |
|---|---|
| Whether SOXL's air pocket extends or reverts | A single-day -13.14% drop inside an already-weak trend — the next print tells whether the semis complex found a floor or the move accelerates |
| QQQM/QQQ's RSI 39 | Lowest print in weeks; still golden-crossed, but the cooldown has now run three straight scans |
| GLD/GDX/URA's next print | First stabilization after a multi-scan decline — a golden-cross flip would be the real confirmation |
| TAN's cushion | Now -6.5% and deepening; a further break would confirm a genuine trend-down, not just a cooling |
| SCHD's breakout regime | The cleanest technical print in the income sleeve — worth tracking whether it holds |
| Too-young cohort's next scan | Several names (SPCH, CDNG, CQTM, DISK) sit at or near RSI 30 with no baseline yet — still too fresh for a trend call |
Sources
- Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-24 close — etf-ideas.
Related
10 eventsNo direct external sources are attached to this read.