This is the broadest risk-on move the board has posted in weeks: RSI climbed double digits across almost every one of the 42 names, the entire bond complex round-tripped straight out of oversold, and tech's climb off its cycle low turned into an actual structural repair — XLK flipped from weak-down to strong-up — while only utilities (XLU) kept sliding. Every ticker on this board carries a fresh 2026-08-07 close (market-pulse) — no staleness caveat this cycle.

FROTH READ: vs VWAP = how far current price sits above/below the volume-weighted average buyer across the full history. Names far above VWAP are extended relative to their own average buyer's cost basis; names below VWAP have traded back through it.

The tape flipped from a mixed, sector-rotating picture to a near-uniform rally. Every broad index posted a double-digit RSI gain: SPY climbed from 53.2 to 65.9, VTI matched it at 65.9 (up from 52.2), and QQQ — the prior cycle's one laggard — jumped from 45.2 to 57.1, no longer trailing the pack. IWM (46.8→59.4) and RSP (56.1→64.9) both moved in step. No name in this group carries a death cross, and all six sit within roughly a point of their 52-week highs — SPY at -0.91%, VTI at -0.95%.

Sector rotation showed the same broad lift with one clear exception. XLB posted the sharpest sector-level RSI move on the board (45.6→59.7), XLK went from a fresh cycle low to a genuine trend repair (RSI 46.5→59.1, trend flag weak-down→strong-up), and XLF, XLV, XLI, XLY, and XLC all climbed alongside them. XLE broke the pattern the other way — its RSI cooled sharply from 63.5 to 50.1 even as the rest of the board rallied, and USO cooled with it (RSI 55.5→46.3, -8.66% on the week). XLU is now the one sector still weakening: RSI fell further to 36.1, the weakest read on this entire board, with its trend flag reading "down."

The bond complex's whole prior-cycle collapse reversed. TLT, which had round-tripped straight back into oversold last cycle at RSI 31.6, climbed back to 43.0. LQD (36.3→48.0) and BND (38.6→50.3) both cleared the RSI-40 line, IEF moved from 40.7 to 50.0, and HYG — the one bond name that never carried a death cross — extended further to 61.9. The death crosses on TLT, IEF, and LQD are still in place technically, so the RSI recovery reads as a bounce off a damaged structure rather than a repaired one.

Commodities and international both cooled from their prior extremes while equities elsewhere ran. FXI backed off from outright overbought (RSI 72.0→64.7) but remains death-crossed. Gold and silver moved the opposite direction from oil — GLD's RSI jumped from 45.9 to 65.3 and SLV's from 44.2 to 60.0, both still carrying a death cross technically despite the sharp climb. UNG kept weakening (RSI 37.5→35.1, 30-day -16.03%), the one commodity that didn't join the recovery. In factor rotation, MTUM remains the laggard even after improving to 50.1 (30-day still -1.76%), while QUAL, VTV, and VUG all pushed into the mid-60s.

1. The oversold (RSI < 40) band emptied out entirely: five names last cycle (TLT, LQD, UNG, BND, XHB, all bond-complex or bond-adjacent) down to zero this cycle.
2. XLK posted a real structural repair, not just a bounce: RSI 46.5→59.1, trend flag weak-down→strong-up.
3. TLT climbed back out of oversold: RSI 31.6→43.0, though the death cross is still in place.
4. LQD and BND both cleared RSI 40: LQD 36.3→48.0; BND 38.6→50.3.
5. XLE broke from the broader rally, cooling sharply: RSI 63.5→50.1, 30D +12.76%→+3.42%.
6. USO cooled with it: RSI 55.5→46.3, 7D -5.5%→-8.66%.
7. XLU is now the board's weakest sector: RSI 40.4→36.1, trend flipped to "down."
8. GLD and SLV both spiked hard: GLD RSI 45.9→65.3; SLV RSI 44.2→60.0 — the opposite direction from oil.
9. FXI cooled off outright overbought: RSI 72.0→64.7, still death-crossed.
10. XLB posted the sharpest sector-level RSI move on the board: RSI 45.6→59.7.
11. XBI and XHB both jumped double digits: XBI RSI 43.9→60.0; XHB RSI 39.5→55.8.
12. UNG kept weakening, the lone commodity laggard: RSI 37.5→35.1, 30D -12.67%→-16.03%.
13. QQQ climbed out of laggard status: RSI 45.2→57.1, no longer the weakest of the broad indices.
14. VIXY and VXX both ticked down further, still deep in collapse regime: VIXY RSI 43.1→38.2; VXX 43.0→38.7.

RSI < 30 = capitulation/oversold zone (context-dependent — check trend and death-cross flags before treating as a buy signal). RSI 30-50 = neutral-to-recovering. RSI 50-70 = healthy uptrend. RSI > 70 = overbought/extended. "vs VWAP" shows distance from the average buyer's cost basis across the instrument's full history — a rough measure of how "paid up" the current price is. A death cross (50-day average below the 200-day) flags a structurally damaged trend even when short-term RSI looks fine.

Read: No death crosses anywhere in this group. Every name posted a double-digit RSI gain and all six sit within roughly a point of their 52-week highs — QQQ, the prior cycle's laggard, is now in step with the rest.

Read: The rally lifted every sector except two. XLE cooled sharply off last cycle's overbought read even as the rest of the board ran, and XLU kept weakening — now the single laggard sector, its trend flag still reading down. XLK's move stands out as a genuine repair: the trend flag itself flipped, not just the RSI.

Read: FXI is the one name in this group cooling rather than extending, backing off from outright overbought while remaining death-crossed. The rest of the international group all pushed further into strong-up territory.

Read: The entire bond complex reversed last cycle's slide back into oversold — every name now clears RSI 40. HYG is still the cleanest chart, the only one that never carried a death cross; the RSI recovery in TLT, IEF, and LQD is a bounce off a technically damaged structure, not yet a repair.

Read: Gold and silver moved the opposite direction from oil this cycle — both spiked hard in RSI even as USO cooled off. UNG is the one holdout, still deteriorating on every timeframe.

Read: Both products ticked further down this cycle, consistent with the broad risk-on tape — no vol bid showed up in either name.

Read: Quality, Value, and Growth all pushed into the mid-60s while Momentum lags behind — the only factor still negative on a 30-day basis even after this cycle's improvement.

Read: The whole industry group climbed this cycle. XHB posted the sharpest RSI gain and cleared back above 50; SMH improved but its trend flag is the one holdout still reading weak-down.

None on this board.

XLU (36.1), UNG (35.1), VIXY (38.2), VXX (38.7) — four names, all structurally damaged (down trend or collapse regime) rather than a clean dip-buy setup. This is a near-total clearing from last cycle's five-name band (TLT, LQD, UNG, BND, XHB), which has now fully recovered above RSI 40.

The remaining 38 names, led by QUAL (69.0), EFA (67.4), VTI/SPY (65.9), GLD (65.3), and COPX (66.1).

• Whether XLK's trend-flag repair (weak-down to strong-up) holds through the next cycle or reverts like prior bounces on this board.
• Whether XLE and USO's cooldown, the one clear divergence from an otherwise broad rally, extends into a real pullback.
• Whether XLU's continued weakening (now the board's lowest RSI) marks a floor or keeps sliding.
• Whether TLT, IEF, and LQD's RSI recovery survives long enough to actually clear their death crosses, or stalls as a bounce off a damaged structure.
• Whether GLD and SLV's sharp spike is durable given both still carry technical death crosses.

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-08-07 close — market-pulse.