Etf Universe
Etf Universe
2026-07-28 ETF Universe Scan — SOXL Takes A Second Straight Double-Digit Air Pocket, The Gold-Complex Stabilization Partly Unwinds, Income Sleeve Keeps Extending
SOXL fell another -14.52% in a single session — its second double-digit one-day drop in three trading days — pulling its 30-day print to -53.69% from -40.41% and confirming this is an accelerating semis rollover, not a one-off air pocket. The broad index/tech sleeve kept cooling for a third straight cycle: QQQM and QQQ both fell to RSI 36-37, their lowest print yet in this tracked window. The gold-complex stabilization flagged last cycle only partly held — GLD stayed roughly flat while GDX's 30-day print reversed back negative (-1.94%, was +0.86%) — so that "first positive prints" story from 2026-07-25 has not yet turned into a confirmed trend. The clean strength story is the income sleeve: SCHD extended its breakout (RSI 71.6, 30D +6.14%) and VYM joined it in breakout regime for the first time.
Data as-of the 2026-07-28 close. Source: summaries/etf-ideas.json, read directly — no computed math. Prior scan: 2026-07-25-etf-universe (2026-07-24 close).
Quick Snapshot
| Signal | Reading |
|---|---|
| Overall | 🔴 SOXL's semis air pocket repeated and deepened; broad tech kept cooling a third straight cycle; the gold-complex stabilization from last cycle only partly held |
| Standout single-day move | SOXL -14.52% — the second double-digit one-day drop in three sessions; 30D now -53.69%, deeper than last cycle's -40.41% |
| Broad-tech cooldown, third straight cycle | QQQM (RSI 36.5, was 39.2) and QQQ (RSI 36.7, was 39.3) both fell further; golden-cross cushion vs 200-day narrowed to 5.1% from 6.6% |
| Gold complex, partial reversal | GLD roughly flat (30D +0.21%, was +1.63%); GDX flipped back negative (30D -1.94%, was +0.86%) — last cycle's stabilization did not hold across the board |
| Notable strength | SCHD (RSI 71.6, 30D +6.14%) extended its breakout; VYM newly entered `breakout` regime (RSI 69.4, 30D +3.4%) alongside it |
| Key insight | SOXL's repeat air pocket is the cycle's clearest signal that the semis rollover is accelerating, not stabilizing — everything else (broad-tech cooldown, gold's partial reversal) is secondary to that one move |
What's Going On
SOXL is again this cycle's headline event, and it compounded rather than reversed. After Friday's -13.14% single-session drop, the fund fell another -14.52% this cycle — price now $109.54 (was $136.81), RSI 36.2 (was 40.6), 30D deepening sharply to -53.69% from -40.41%. Two double-digit one-day drops inside three trading sessions is not noise; this reads as an accelerating breakdown in the leveraged semis complex, not a single air pocket. SOXS, the inverse mirror, jumped +14.45% the same session (30D +69.01%, was +26.3%, still collapse regime) — a clean confirmation the move is a real semis-complex event. SMH itself ($529.60, RSI 37.1, 1D -3.45%, 30D -16.2%, was -9.33%) took a third straight session of pressure, and TQQQ (30D -20.25%, was -12.69%) and TECL (30D -23.75%, was -14.11%) both deepened again after briefly improving last cycle — the "cooling from deeper damage" read from 2026-07-25 has reversed into renewed deterioration.
The broad index/tech sleeve continued cooling for a third consecutive cycle. QQQM ($278.14, RSI 36.5, 30D -6.68%) and QQQ ($675.49, RSI 36.7, 30D -6.71%) both fell further from last cycle's RSI 39 — the lowest print either has carried in this tracked window — though both remain golden-crossed, with the cushion above the 200-day narrowing to 5.1% from 6.6%. VOO ($680.96, RSI 47.5, 30D -0.01%) and VTI ($365.99, RSI 47.7, 30D -0.31%) essentially flattened to breakeven on the month, cooling less than the tech-heavy funds. IWM ($293.37, RSI 49.9, 30D -1.87%) actually improved on RSI from 45.6 and widened its cushion above the 200-day to 11.1% from 10.4% — still the strongest structural read of the broad-market five.
The gold complex's stabilization from last cycle only partly held. GLD ($369.37, RSI 43.5, 30D +0.21%, was +1.63%) stayed roughly flat rather than extending its gain. GDX ($74.21, RSI 45.7, 30D -1.94%, was +0.86%) reversed back negative — the "first positive print after three scans of decline" flagged last cycle did not carry into a second one. URA ($38.95, RSI 36.7, 30D -11.34%, was -10.8%) stayed roughly steady, still meaningfully negative. None of the three have flipped their death-cross status. TAN deepened again — RSI 30.9 (was 34.5), 30D -14.76% (was -11.83%) — continuing its multi-cycle cushion failure with no stabilization signal. ICLN (RSI 30.2, 30D -13.48%) shows the same continued weakness.
KWEB and FXI both extended the stabilization flagged over the last two scans — KWEB (RSI 58.9, was 49.9; 30D +12.39%, was +8.19%) and FXI (RSI 66.9, was 57.9; 30D +12.43%, was +6.86%, vs-200-day cushion narrowing further to -3.6% from -6.6%) — both still death-crossed but both now closer to a golden-cross flip than at any point in this tracked window. In the income sleeve, SCHD ($33.89, RSI 71.6, 30D +6.14%) extended its breakout regime further, and VYM ($163.84, RSI 69.4, 30D +3.4%) newly entered breakout regime alongside it (was basing last cycle) — the cleanest, most consistent strength anywhere in this universe. LQD recovered back above RSI 30 (40.3, was 29.8; 30D -2.28%) — the bond-side cooling flagged last cycle eased rather than continued. The too-young cohort remains extremely high-dispersion: SSPC (+80.93% 30D, was +61.15%) and SPCQ (+75.34% 30D, was +55.61%) extended further into parabolic territory, while FOMG crashed -21.23% in a single session (30D now -67.3%, was -53.11%) and RAM fell -17.93% in one session (30D -61.16%, was -48.84%) — still too fresh for a trend call either way, but the downside dispersion widened sharply this cycle.
What Changed Since Prior Scan (2026-07-25 → 2026-07-28)
| Change | Read |
|---|---|
| SOXL fell another -14.52% — 30D deepened to -53.69% from -40.41% | Second double-digit single-day drop in three sessions; the "single-day air pocket" read from last cycle has become an accelerating breakdown |
| QQQM/QQQ cooled further — RSI 39→36.5-36.7, golden-cross cushion narrowed to 5.1% from 6.6% | Third straight cycle of cooling in the broad tech sleeve |
| GDX reversed back negative — 30D +0.86%→-1.94% | Last cycle's gold-complex stabilization did not hold across the board; GLD stayed flat, URA roughly steady |
| TAN deepened again — RSI 34.5→30.9, 30D -11.83%→-14.76% | Continued cushion failure, no stabilization across three straight cycles |
| VYM entered `breakout` regime alongside SCHD — RSI 63.5→69.4, 30D +2.68%→+3.4% | The income sleeve's strength is now two names deep, not one |
| KWEB/FXI both extended their stabilization — FXI's vs-200-day cushion narrowed to -3.6% from -6.6% | Two straight cycles of improvement, closer to a golden-cross flip than before but still unconfirmed |
| LQD recovered above RSI 30 — 29.8→40.3 | Last cycle's new bond-side cooling eased rather than continued |
| Too-young cohort's downside widened — FOMG -21.23% single-day, RAM -17.93% single-day | Extreme dispersion continues; still no baseline for a trend call |
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 story is SOXL's repeat double-digit drop — a reminder that leveraged-fund decay compounds fast once the underlying rolls over, and that one air pocket does not mean the move is over. The gold complex is a genuine split this cycle: GDX's reversal shows that last scan's "first positive prints" framing was a stabilization attempt, not a confirmed turn, while GLD and URA held roughly steady. Treat SCHD/VYM's breakout regime and the broad-tech cooldown as two separate, opposite-direction stories inside the same universe — neither cancels the other out.
Price Table
Broad Market
| Ticker | Price | RSI | 1D | 7D | 30D | 3M | vs SMA200 | Trend | Regime | Note |
|---|---|---|---|---|---|---|---|---|---|---|
| QQQM | $278.14 | 36.5 | -0.97% | -4.71% | -6.68% | +2.23% | +5.1% | weak-down | basing | Lowest RSI yet in this tracked window; golden cross cushion narrowed |
| QQQ | $675.49 | 36.7 | -0.97% | -4.72% | -6.71% | +2.22% | +5.1% | weak-down | basing | Tracks QQQM |
| VOO | $680.96 | 47.5 | +0.24% | -1.0% | -0.01% | +4.39% | +6.4% | weak-down | basing | Roughly flat on the month |
| VTI | $365.99 | 47.7 | +0.22% | -0.94% | -0.31% | +4.81% | +6.7% | weak-down | basing | Tracks VOO closely |
| IWM | $293.37 | 49.9 | +0.16% | -1.07% | -1.87% | +8.08% | +11.1% | strong-up | uptrend | Improved on RSI; strongest cushion of the five |
| SMH | $529.60 | 37.1 | -3.45% | -9.33% | -16.2% | +6.01% | +18.4% | weak-down | pullback | Third straight session of pressure |
| VGT | $110.87 | 40.3 | -1.38% | -4.43% | -4.83% | +7.63% | +10.5% | weak-down | pullback | Mega-cap tech, continued cooling |
| XLK | $171.09 | 38.5 | -1.84% | -5.36% | -7.72% | +7.66% | +10.6% | weak-down | pullback | Tracks VGT |
| FTEC | $264.63 | 40.5 | -1.42% | -4.47% | -4.93% | +7.59% | +10.6% | weak-down | pullback | Tracks VGT |
Leveraged / Inverse (decay risk — heat gauge only)
| Ticker | Price | RSI | 1D | 7D | 30D | 3M | vs SMA200 | Regime | Note |
|---|---|---|---|---|---|---|---|---|---|
| SOXL | $109.54 | 36.2 | -14.52% | -30.91% | -53.69% | -7.15% | +12.3% | pullback | Second double-digit single-day drop in three sessions |
| SOXS | $62.87 | 31.8 | +14.45% | +39.31% | +69.01% | -97.06% | -98.8% | collapse | Mirror of SOXL's move |
| TQQQ | $61.56 | 35.9 | -2.9% | -13.75% | -20.25% | -0.26% | +4.4% | pullback | Deepened again from -12.69% last cycle |
| QLD | $80.87 | 36.1 | -1.95% | -9.37% | -13.67% | +1.61% | +5.8% | pullback | 3x broad-market, cooling further |
| SSO / SPXL / UPRO | $65.98 / $262.42 / $137.30 | 45.8-46.1 | ~0.5-0.7% | -2.2 to -3.2% | -0.6 to -1.1% | +7.0-9.7% | +9.8-13.1% | uptrend | Roughly flat to slightly negative on the month |
| TECL | $163.03 | 37.7 | -5.54% | -15.44% | -23.75% | +12.46% | +14.7% | pullback | Deepened again from -14.11% last cycle |
| TNA | $69.27 | 48.5 | +0.42% | -3.38% | -6.48% | +20.49% | +25.5% | uptrend | Small-cap 3x, tracks IWM |
| LABU | $242.00 | 45.4 | -1.73% | -9.03% | -17.03% | +43.78% | +37.8% | pullback | Continued cooling |
| NUGT | $111.68 | 44.6 | -3.71% | +0.08% | -5.36% | -31.4% | -38.0% | collapse | Tracks GDX, roughly flat |
| DUST | $63.68 | 51.7 | +3.7% | -0.7% | +0.9% | +14.93% | -1.3% | downtrend | Gold-miner bear |
| FNGU / FNGD | $24.60 / $37.80 | 40.6 / 56.6 | -2.46% / +2.27% | -11.7% / +12.47% | -2.54% / -0.26% | +0.41% / -16.11% | -2.6% / -23.9% | downtrend | 3x FANG pair, unremarkable |
| TZA | $40.94 | 49.8 | -0.44% | +3.41% | +6.34% | -21.99% | -31.7% | collapse | Small-cap bear |
| TECS | $82.99 | 60.1 | +5.76% | +17.82% | +24.05% | -29.26% | -41.9% | downtrend | Tech bear, tracking TECL's weakness |
| LABD | $8.91 | 48.5 | +1.83% | +9.73% | +15.56% | -42.55% | -50.5% | collapse | Biotech bear |
Sector / Thematic
| Ticker | Price | RSI | 30D | vs SMA200 | Regime | Note |
|---|---|---|---|---|---|---|
| XBI | $149.78 | 47.6 | -5.39% | +16.9% | uptrend | Cooled from +0.51% last cycle |
| JETS | $31.86 | 56.9 | -3.69% | +15.9% | uptrend | Improved from -7.33% |
| QTUM | $136.84 | 34.6 | -14.91% | +9.4% | pullback | Deepened from -12.71% |
| WCLD | $34.78 | 58.9 | +10.24% | +10.6% | uptrend | Improved further |
| CLOU | $24.30 | 58.1 | +8.1% | +11.3% | uptrend | Improved further |
| SKYY | $137.90 | 54.6 | +3.76% | +8.9% | pullback | Improved from +2.23% |
| IGV | $91.78 | 51.2 | +2.1% | -3.4% | downtrend | Steady |
| GLD | $369.37 | 43.5 | +0.21% | -10.3% | pullback | Roughly flat; last cycle's gain didn't extend |
| GDX | $74.21 | 45.7 | -1.94% | -15.0% | collapse | Reversed back negative from +0.86% |
| TAN | $49.10 | 30.9 | -14.76% | -10.5% | collapse | Deepened again, no stabilization |
| ICLN | $17.20 | 30.2 | -13.48% | -7.3% | pullback | Continued weakness, similar to TAN |
| URA | $38.95 | 36.7 | -11.34% | -20.2% | collapse | Roughly steady, still meaningfully negative |
| KWEB | $27.31 | 58.9 | +12.39% | -13.4% | downtrend | Extended stabilization, still death-crossed |
| FXI | $35.65 | 66.9 | +12.43% | -3.6% | downtrend | Cushion narrowed further from -6.6% |
| INDA | $49.38 | 55.1 | +0.41% | -3.3% | basing | Unremarkable |
| EWZ | $36.05 | 56.2 | +4.34% | +3.7% | pullback | Unremarkable |
| DRAM | $47.77 | 37.1 | -33.6% | n/a | too-young | 1D -8.89%; sharp continued pullback |
| RONB | $21.85 | 37.0 | -9.37% | n/a | too-young | Improved off deep oversold, still no baseline |
Income / Bonds
| Ticker | Price | RSI | 30D | vs SMA200 | Regime | Note |
|---|---|---|---|---|---|---|
| SCHD | $33.89 | 71.6 | +6.14% | +14.2% | breakout | Extended its breakout further |
| VYM | $163.84 | 69.4 | +3.4% | +9.7% | breakout | Newly entered breakout regime, was basing |
| XYLD | $40.86 | 61.3 | +1.64% | +6.1% | basing | Steady |
| DOGG | $22.26 | 65.2 | +4.21% | +8.2% | basing | Steady |
| JEPI | $57.48 | 67.1 | +2.55% | +3.6% | basing | Steady |
| QYLD | $17.48 | 41.1 | -3.21% | +3.9% | basing | Cooled slightly |
| JEPQ | $57.20 | 37.5 | -4.78% | +1.9% | basing | Cooled further |
| HYG | $79.42 | 46.2 | -0.28% | +1.1% | basing | Roughly flat, RSI improved |
| LQD | $106.83 | 40.3 | -2.28% | -1.1% | basing | Recovered back above RSI 30 |
*(Too-young cohort, high dispersion this cycle: SSPC $20.21 RSI 68.4 30D +80.93% and SPCQ $25.81 RSI 67.6 30D +75.34% extended further into parabolic territory; RAM $9.61 RSI 32.9 30D -61.16% (1D -17.93%), SPCH $6.77 RSI 26.0 30D -52.22%, MRVU $72.77 RSI 35.1 30D -63.64%, MVLL $17.94 RSI 34.8 30D -64.18% (vs SMA200 +3.3%, pullback regime), CDNG $11.37 RSI 38.8 30D -17.37% (improved), FOMG $3.97 RSI 32.3 30D -67.3% (1D -21.23%), ENTL $5.74 RSI 31.4 30D -54.01%, CQTM $22.31 RSI 31.7 30D -27.96%, WQTM $30.18 RSI 32.0 30D -18.7%, DISK $30.35 RSI 26.5 30D -39.66%, and LAZR $35.01 RSI 27.0 30D -30.81% remain too-young with no trend classification; the downside tail widened sharply this cycle.)*
Tier Analysis
Cooling but structurally intact — QQQM, QQQ, VOO, VTI, IWM, VGT, XLK, FTEC, XBI, INDA. All golden-crossed or basing, RSI down again from last cycle, no broken structure yet, but the cooldown is now three straight cycles running for the tech-heavy names.
Accelerating breakdown — SOXL, SOXS, SMH, TQQQ, TECL. SOXL's second double-digit single-day drop confirms this is compounding, not a one-off; several of these 30-day prints deepened again after briefly improving last cycle.
Partially reversed stabilization — GLD, URA held roughly steady; GDX reversed back negative. Last cycle's "gold complex stopped deteriorating" framing needs a second confirming cycle before calling it real.
Continued weakness, no stabilization — TAN, ICLN. TAN's cushion failure deepened for a third straight cycle.
Notable strength, now two names deep — SCHD extended its breakout; VYM joined it this cycle.
Extending, unconfirmed — KWEB, FXI both improved for a second straight cycle, still death-crossed but closer to a flip than before.
High-dispersion, no baseline — the too-young cohort (14 tickers) widened its range this cycle, with FOMG and RAM both taking sharp single-day crashes on the downside while SSPC/SPCQ extend further into parabolic territory.
Entry Zones
| Ticker | Price | Zone | RSI | vs SMA200 | Setup |
|---|---|---|---|---|---|
| QQQM / QQQ | $278.14 / $675.49 | Watch for RSI stabilization | 36.5 / 36.7 | +5.1% | Lowest RSI yet in this tracked window; cushion narrowing, still golden-crossed |
| SOXL | $109.54 | Avoid as an entry signal | 36.2 | +12.3% | Second double-digit single-day drop in three sessions — an accelerating decay event, not a dip to buy |
| GDX | $74.21 | Watch for a second confirming cycle | 45.7 | -15.0% | Reversed back negative after one cycle of stabilization — GLD's flatness suggests the complex hasn't turned yet |
| TAN | $49.10 | Avoid until cushion stabilizes | 30.9 | -10.5% | Cushion failure deepened for a third straight cycle |
Action Matrix
| Action | Stocks | Why |
|---|---|---|
| 🔒 HOLD | IWM, VOO, VTI, XBI, CLOU, SKYY, WCLD, SCHD, VYM, income/bond sleeve | Structurally intact or breaking out |
| 🔍 WATCH | QQQM, QQQ, VGT, XLK, FTEC, JETS, QTUM, KWEB, FXI | Cooling or stabilizing; confirm before treating as a dip |
| ⚠️ ACCELERATING BREAKDOWN — DON'T CHASE | SOXL, SOXS, SMH, TQQQ, TECL | Second single-day semis air pocket in three sessions; leveraged decay compounding |
| 🔍 STABILIZATION UNCONFIRMED | GLD, GDX, URA | GDX reversed negative this cycle; not a confirmed complex-wide turn |
| ❌ AVOID | TAN, ICLN | Continued weakness, cushion failure deepening for a third cycle |
| 🔍 NO BASELINE | DRAM, RONB, RAM, SPCH, SSPC, SPCQ, MRVU, MVLL, CDNG, FOMG, ENTL, CQTM, WQTM, DISK, LAZR | Too-young or freshly volatile; downside dispersion widened sharply this cycle |
What To Watch Next
| Watch | Why it matters |
|---|---|
| Whether SOXL's decline continues or finally finds a floor | Two double-digit single-day drops in three sessions — the next print tells whether the semis complex is still falling or has capitulated |
| QQQM/QQQ's RSI 36-37 | Lowest print yet in this tracked window, cushion narrowed to 5.1% — a fourth straight cooling cycle would be a genuine trend, not just noise |
| GDX vs GLD's next print | GDX reversed negative while GLD stayed flat — confirm whether the gold complex is genuinely diverging or both are just noisy around zero |
| TAN's cushion | Now -10.5% and deepening for a third straight cycle — a real trend-down at this point, not just cooling |
| SCHD/VYM's breakout regime | Two names deep now — worth tracking whether a third income name joins |
| Too-young cohort's downside tail | FOMG and RAM both took sharp single-day crashes this cycle — still too fresh for a trend call, but the dispersion is widening, not narrowing |
Sources
- Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-28 close — etf-ideas.
Related
10 eventsNo direct external sources are attached to this read.