FORM is the one clean structural repair this cycle — its regime lifted from collapse to pullback as RSI climbed from 33.7 to 46.4, matching the same upgrade flagged in the optical-supply-chain book. CAMT and AMKR both stayed tagged collapse even as most of the rest of the book recovered hard: LRCX's RSI jumped 9.5 points to 43.7, ACLS's climbed 8.6 points to 44.4, and TER's 30-day loss narrowed from -30.78% to -13.96%. ENTG and BESIY both finally printed fresh bars after being frozen on 2026-07-24 data.

Data as-of the 2026-07-31 close for the full 14-name book — no staleness this cycle. ENTG and BESIY both received fresh prints this cycle after being frozen on 2026-07-24 data. Prior scan: 2026-07-28-wfe-test-metrology (data as-of the 2026-07-28 close).

Last cycle's book-wide collapse tags mostly reversed this time. FORM is the clearest case: its regime lifted from collapse to pullback as RSI climbed from 33.7 to 46.4 and its 30-day loss narrowed to -27.82% from -38.8%. Most of the rest of the book recovered on price without a regime change: LRCX's RSI rose from 34.2 to 43.7 (the biggest gain in the book) with its 30-day loss narrowing from -34.39% to -25.11%, ACLS's RSI climbed from 35.8 to 44.4 with its loss narrowing to -26.89%, and TER's RSI rose from 40.7 to 51.2 as its 30-day loss narrowed sharply from -30.78% to -13.96%. AMAT, ASML, MKSI, and ONTO all posted the same pattern of higher RSI and narrower monthly losses. Against that broad recovery, CAMT and AMKR are the two names that stayed tagged collapse. CAMT's RSI actually eased slightly, from 40.9 to 39.9, and its 30-day loss deepened modestly to -14.81% from -10.97% — the one name in the book moving the wrong direction while everything around it improved. AMKR's RSI climbed from 27.4 to 35.5 and its loss narrowed to -37.65% from -44.51%, but it remains the weakest reading in the book and hasn't yet earned a regime upgrade. ENTG and BESIY, both frozen on 2026-07-24 data for multiple cycles, finally received fresh prints this cycle: ENTG's RSI came in at 40.0 with a 30-day loss of -27.87%, and BESIY's at 34.7 with a loss of -27.88%, thesis still rated intact.

• FORM: regime upgraded collapse → pullback; RSI 33.7 → 46.4; 30-day narrowed to -27.82% (was -38.8%).
• CAMT: RSI 40.9 → 39.9, regime held collapse; 30-day deepened to -14.81% (was -10.97%) — the one name moving the wrong direction this cycle.
• AMKR: RSI 27.4 → 35.5, regime held collapse; 30-day narrowed to -37.65% (was -44.51%).
• TER: RSI 40.7 → 51.2; 30-day narrowed to -13.96% (was -30.78%).
• LRCX: RSI 34.2 → 43.7, the biggest RSI gain in the book; 30-day narrowed to -25.11% (was -34.39%).
• ACLS: RSI 35.8 → 44.4; 30-day narrowed to -26.89% (was -31.85%).
• AMAT: RSI 37.9 → 45.4; 30-day narrowed to -22.01% (was -31.41%).
• ASML: RSI 37.1 → 42.8; 30-day narrowed to -11.5% (was -15.94%).
• MKSI: RSI 33.8 → 41.4; 30-day narrowed to -27.64% (was -31.42%).
• ONTO: RSI 36.5 → 43.8; 30-day narrowed to -26.41% (was -31.17%).
• KLAC: RSI 37.7 → 38.3, roughly flat; 30-day roughly flat at -31.32% (was -31.46%) — the laggard alongside CAMT and AMKR.
• KLIC: RSI 36.5 → 38.2, thesis still rated intact-but-priced; 30-day deepened to -33.34% (was -29.58%).
• ENTG: first fresh print since being frozen on 2026-07-24 data; RSI 40.6 (frozen) → 40.0; 30-day deepened to -27.87% (was -24.68%).
• BESIY: first fresh print since being frozen on 2026-07-24 data; RSI 37.3 (frozen) → 34.7, thesis still intact; 30-day deepened to -27.88% (was -22.75%).

Regime labels describe chart structure, not a buy/sell call. FORM's upgrade out of collapse is the most structurally meaningful change this cycle, and it lines up with the same ticker's move in the optical-supply-chain book. CAMT staying tagged collapse while its price deteriorated further, against a broadly recovering book, is the clearest laggard signal this cycle. AMKR's RSI improved by 8 points but its regime hasn't lifted — recovering inside a collapse tag is not the same thing as repairing it. ENTG and BESIY's first fresh prints in several cycles didn't reveal hidden strength, only ordinary further deepening.

Tier A — Freshly repaired / strongest, RSI 44+ (4): TER, FORM (upgraded out of collapse), AMAT, ACLS.

Tier B — Broad recovery, still pullback, RSI 34-44 (8): ONTO, LRCX, ASML, MKSI, ENTG (fresh print), KLAC (laggard), KLIC (intact-but-priced), BESIY (fresh print, thesis intact).

Tier C — Structural avoid, collapse regime (2, down from 3): CAMT (moving the wrong direction this cycle), AMKR (recovering on price, still tagged).

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-31 close — wfe-test-metrology.