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Etf Universe

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2026-08-14 ETF Universe Scan — FXI And KWEB Both Crash Out Of Overbought, SOXS Falls To The Lowest RSI In The Universe As SOXL Confirms A Third Recovery Cycle, SSPC/SPCQ Extend Their Slide

FXI's RSI collapsed to 46.4 from 64.7 and KWEB's fell to 46.0 from 64.3 — both dropping roughly 18 points in a single cycle, the sharpest cooldowns anywhere in this universe — with FXI's 30-day print cooling to +1.78% from +8.16% and KWEB's flipping to a flat +0.04% from +8.52%. SOXS, the inverse-semiconductor leveraged fund, fell to RSI 26.9 — the lowest reading anywhere in this 68-name universe this cycle — while its long counterpart SOXL confirmed a third straight cycle of recovery, RSI climbing to 49.4 (was 47.0) and the 30-day deficit narrowing further to -12.44% from -19.77%, the improvement flagged as a "watch for a third cycle" item last scan. GDX held its breakout above the 200-day (vs-SMA200 +2.4%, was +2.9%) even as RSI eased from 70.3 to 66.4 — a genuine second-cycle confirmation of the structural break, momentum simply cooling from its extreme. SSPC and SPCQ, which round-tripped from parabolic highs two cycles back, both extended their slide this cycle — SSPC's 30-day print deepened to -29.17% from -2.29%, SPCQ's to -31.09% from -7.82%. In the income sleeve, SCHD, JEPI, and XYLD all pushed further into overbought (RSI 72.6/73.5/72.3, up from 65.4/67.9/70.6).

Data as-of the 2026-08-14 close. Source: etf-ideas, read directly — no computed math. Prior scan: 2026-08-08-etf-universe (2026-08-07 close).


Quick Snapshot

Signal Reading
Overall 🟡 A mixed cycle — the broad-market/tech sleeve holds roughly steady, but two of this cycle's clearest single-name stories (FXI/KWEB, SSPC/SPCQ) both moved the wrong direction
FXI/KWEB crash out of overbought FXI RSI 46.4 (was 64.7), KWEB RSI 46.0 (was 64.3) — both fell ~18 points, the sharpest cooldowns tracked here this cycle
SOXS hits the universe low RSI 26.9 (was 33.2) — lowest reading anywhere in this scan this cycle; SOXL confirms a third recovery cycle at RSI 49.4, 30D deficit narrowed to -12.44%
GDX holds its breakout vs-SMA200 +2.4% (was +2.9%), RSI eased to 66.4 from 70.3 — structure intact, momentum cooling
SSPC/SPCQ extend their slide SSPC 30D -29.17% (was -2.29%), SPCQ 30D -31.09% (was -7.82%) — continued deterioration, not stabilization
Income sleeve pushes into overbought SCHD RSI 72.6, JEPI RSI 73.5, XYLD RSI 72.3 — all up sharply from the mid-to-high 60s last cycle
Key insight The universe's central tension this cycle is a still-firm broad-market/tech base set against two sharp single-basket reversals (FXI/KWEB cooling hard, SSPC/SPCQ deepening their losses) — this is not the uniform risk-on move flagged two cycles ago

What's Going On

The broad-market and tech sleeve held roughly steady, with modest further improvement rather than a fresh acceleration. QQQM ($301.01, RSI 59.7, was 57.2) and QQQ ($731.07, RSI 59.6, was 57.1) both extended slightly, 30-day prints holding near flat at +1.84%/+1.86% (was +1.65%/+1.63%). VOO ($713.61, RSI 66.0, was 66.0) sat essentially unchanged in RSI terms, 30D up to +2.86% from +3.71% — a mild cooldown in momentum inside a still-extended breakout regime. VTI ($383.85, RSI 66.9, was 65.9) improved modestly. IWM ($305.09, RSI 63.7, was 59.4) continued its recovery from two cycles back. SMH ($587.82, RSI 54.2, was 52.7) stayed roughly flat near neutral, 30D easing to -0.50% from -1.74%.

SOXS fell to the lowest RSI anywhere in this 68-name universe this cycle, while its long counterpart SOXL confirmed a third straight cycle of recovery. SOXS ($40.28, RSI 26.9, was 33.2) deepened its 30-day loss to -12.40% (was -6.49%) even as SOXL's own deficit kept shrinking — a genuine split inside the same leveraged pair. SOXL ($144.95, RSI 49.4, was 47.0) narrowed its 30-day deficit further to -12.44% from -19.77%, the third consecutive cycle of improvement after the original air-pocket streak. The rest of the leveraged-long complex mostly extended in step: TNA (RSI 62.6, was 58.2; 30D +8.15%, was +6.90%), TECL (RSI 58.8, was 57.5; 30D +10.42%, was +7.27%), QLD (RSI 58.8, was 56.2), and TQQQ (RSI 58.2, was 55.6) all improved further. LABU (RSI 56.9, was 58.5; 30D -0.36%, was -12.60%) nearly closed its entire 30-day gap. FNGU (RSI 61.5, was 67.0; 30D +10.98%, was +21.93%) cooled sharply from an extreme, while NUGT (RSI 65.6, was 69.9; 30D +43.88%, was +45.28%) eased from its own extreme without giving back the underlying gold-miner move.

GDX held its breakout above the 200-day for a second straight cycle even as its momentum cooled from an extreme. GDX ($89.97, RSI 66.4, was 70.3) stayed above its 200-day — vs-SMA200 +2.4%, was +2.9% — with the 30-day print holding near its prior level at +21.58% (was +22.25%). GLD ($401.48, RSI 63.3, was 65.3) extended further, 30D +7.82% (was +6.41%), and its death-cross cushion narrowed further to -2.6% from -3.2% — closer to a full flip than at any point in this tracked window. URA ($44.93, RSI 59.6, was 60.2) extended its 30-day print to +9.85% from +7.80%, still death-crossed at -7.0% below its 200-day.

FXI and KWEB both crashed out of overbought territory in what is this cycle's sharpest single-basket reversal. FXI ($34.89, RSI 46.4, was 64.7) and KWEB ($27.01, RSI 46.0, was 64.3) each fell roughly 18 RSI points — FXI's 30-day print cooled to +1.78% from +8.16%, and KWEB's flipped to a flat +0.04% from +8.52%. Both remain death-crossed, modestly below their 200-day (FXI -5.1%, KWEB -12.7%). EWZ ($33.93, RSI 36.6, was 45.9) cooled the hardest of the China/EM-adjacent group, 30D flipping negative to -5.43% from +2.70%. INDA ($49.78, RSI 53.7, was 61.0) also cooled, though its 30-day print held modestly positive at +2.18%.

SSPC and SPCQ, which round-tripped from parabolic highs two cycles back, both extended their slide rather than stabilizing. SSPC ($11.00, RSI 40.4, was 41.9) deepened its 30-day loss to -29.17% from -2.29%. SPCQ ($13.85, RSI 40.5, was 41.2) deepened to -31.09% from -7.82%. Elsewhere in the too-young cohort, the broader stabilization trend flagged in prior cycles continued: DRAM ($57.32, RSI 53.5, was 43.5; 30D -0.14%, was -18.44%) nearly fully recovered, RAM ($13.20, RSI 47.9, was 38.6; 30D -9.53%, was -40.52%) and SPCH ($9.00, RSI 47.9, was 44.4; 30D -4.05%, was -27.37%) both improved sharply, and MRVU/MVLL/FOMG/CQTM/WQTM all flipped their 30-day prints positive.

The income sleeve pushed further into overbought territory this cycle. SCHD ($34.52, RSI 72.6, was 65.4), JEPI ($58.02, RSI 73.5, was 67.9), and XYLD ($41.64, RSI 72.3, was 70.6) all extended sharply — JEPI is now the single highest-RSI name in the income/bond table. VYM (RSI 69.0, was 68.3) held roughly steady. LQD ($106.12, RSI 45.1, was 48.0) cooled slightly, still negative on the month.


What Changed Since Prior Scan (2026-08-07 → 2026-08-14)

Change Read
FXI and KWEB both crashed out of overbought — RSI 64.7/64.3→46.4/46.0 Sharpest cooldowns anywhere in this universe this cycle; 30D prints cooled to +1.78%/+0.04%
SOXS fell to the universe low — RSI 33.2→26.9, 30D -6.49%→-12.40% Lowest reading anywhere in this scan this cycle
SOXL confirmed a third recovery cycle — RSI 47.0→49.4, 30D deficit -19.77%→-12.44% Answers last cycle's "watch for a third confirming cycle"
GDX held its breakout above the 200-day — vs-SMA200 +2.9%→+2.4% Second straight cycle above the 200-day; momentum cooling from the extreme, not reversing
GLD's death-cross cushion narrowed further — vs-SMA200 -3.2%→-2.6% Closest this fund has come to flipping in this tracked window
SSPC/SPCQ both extended their slide — SSPC 30D -2.29%→-29.17%, SPCQ -7.82%→-31.09% Continued deterioration, not the stabilization the too-young cohort otherwise showed
Income sleeve pushed into overbought — SCHD/JEPI/XYLD RSI 65.4/67.9/70.6→72.6/73.5/72.3 Broad extension in the low-vol sleeve
LABU nearly closed its 30-day gap — -12.60%→-0.36% Sharpest single-cycle improvement in the leveraged-long complex

How To Read The Board

Regime labels (uptrend/pullback/collapse/downtrend/too-young/breakout/basing) describe each fund's structural state, not a trade recommendation. This cycle does not extend the prior broad, near-universal risk-on move — the broad-market/tech sleeve mostly held its ground rather than accelerating, while two baskets (FXI/KWEB, SSPC/SPCQ) moved sharply the wrong direction. GDX holding above its 200-day for a second cycle is a genuine structural confirmation even as its RSI eased from an extreme — cooling momentum inside an intact structural break is different from the structure itself reversing. FXI and KWEB's simultaneous ~18-point RSI collapse is the standout single-cycle move in this scan; this desk has no corpus source identifying a driver for either move this session. SSPC/SPCQ's continued slide is a reminder that these newer, thinly-traded names carry outsized single-cycle swings in both directions and their earlier "round-trip" was not a floor.


Price Table

Broad Market

Ticker Price RSI 1D 7D 30D 3M vs SMA200 Trend Regime Note
QQQM $301.01 59.7 -0.13% +1.11% +1.84% +3.24% +12.6% strong-up basing Modest further extension
QQQ $731.07 59.6 -0.14% +1.11% +1.86% +3.24% +12.6% strong-up basing Tracks QQQM
VOO $713.61 66.0 -0.19% +0.41% +2.86% +5.33% +10.5% strong-up breakout RSI unchanged, 30D cooled from +3.71%
VTI $383.85 66.9 -0.12% +0.54% +3.07% +6.12% +10.8% strong-up breakout Improved modestly
IWM $305.09 63.7 +0.52% +1.17% +3.15% +10.16% +14.0% strong-up basing Continued its recovery
SMH $587.82 54.2 -0.22% +0.88% -0.50% +5.66% +27.3% weak-down pullback Roughly flat near neutral
VGT $122.56 62.4 -0.35% +0.91% +5.20% +8.29% +20.3% strong-up basing Extended further
XLK $190.01 60.4 -0.40% +1.09% +4.64% +7.93% +20.8% strong-up basing Extended further
FTEC $292.50 62.2 -0.32% +0.92% +5.15% +8.22% +20.4% strong-up basing Extended further

Leveraged / Inverse (decay risk — heat gauge only)

Ticker Price RSI 1D 7D 30D 3M vs SMA200 Regime Note
SOXL $144.95 49.4 -0.28% +3.35% -12.44% -11.71% +40.4% pullback Deficit narrowed further, third confirming cycle
SOXS $40.28 26.9 +0.40% -4.28% -12.40% -97.06% -99.1% collapse Lowest RSI anywhere in this universe this cycle
TQQQ $76.79 58.2 -0.47% +3.12% +3.16% +2.16% +27.7% pullback Improved further
QLD $94.15 58.8 -0.30% +2.10% +2.77% +3.50% +21.1% uptrend Improved further
SSO / SPXL / UPRO $72.20 / $299.31 / $156.63 64.5-65.0 ~-0.4 to -0.7% 0.7-1.0% +5.2-7.4% +8.9-12.5% +18.4-26.4% basing Cooled slightly from prior extension
TECL $217.67 58.8 -1.32% +2.85% +10.42% +11.69% +48.0% pullback Extended further
TNA $77.14 62.6 +1.45% +3.29% +8.15% +27.69% +35.7% uptrend Extended further
LABU $276.54 56.9 +0.96% -0.25% -0.36% +60.25% +49.5% pullback Nearly closed its 30-day gap
NUGT $160.82 65.6 +3.67% -0.01% +43.88% -1.95% -10.4% downtrend Eased from last cycle's extreme
DUST $41.54 32.7 -3.69% -0.50% -36.09% -19.73% -32.0% downtrend Roughly steady, still deeply negative
SQQQ $36.24 40.0 +0.55% -3.10% -6.93% -14.33% -36.8% collapse Roughly steady
LABD $7.57 39.9 -0.66% 0.00% -4.30% -48.47% -54.1% collapse Reversed back negative from +7.83%
FNGU / FNGD $33.06 / $26.78 61.5 / 36.0 -2.71% / +2.88% -1.40% / +0.83% +10.98% / -15.49% +14.12% / -28.47% +30.4% / -44.7% uptrend / collapse FNGU cooled sharply from extreme, FNGD improved in step
TZA $36.37 36.9 -1.46% -3.27% -8.85% -25.96% -36.8% collapse Cooled further
TECS $58.24 38.7 +1.18% -3.29% -16.56% -31.31% -56.9% collapse Roughly steady

Sector / Thematic

Ticker Price RSI 30D vs SMA200 Regime Note
XBI $157.41 58.2 +0.76% +20.0% uptrend Flipped positive from -3.44%
JETS $31.56 50.2 +0.99% +12.9% uptrend Cooled meaningfully from RSI 56.4
QTUM $158.68 61.5 +7.27% +24.3% uptrend Improved sharply
WCLD $40.77 69.2 +17.53% +28.9% uptrend Extended further, still elevated
CLOU $28.42 69.9 +17.88% +29.0% uptrend Extended further
SKYY $165.34 73.9 +20.66% +29.4% uptrend Highest RSI in this table, extended deeper into overbought
IGV $104.08 64.0 +10.79% +10.6% pullback Cooled from RSI 68.5
GLD $401.48 63.3 +7.82% -2.6% pullback Death-cross cushion narrowed further
GDX $89.97 66.4 +21.58% +2.4% pullback Holds above the 200-day for a second cycle
TAN $51.97 46.2 -6.86% -5.8% pullback Reversed further negative
ICLN $18.21 46.4 -4.56% -2.4% pullback Roughly steady
URA $44.93 59.6 +9.85% -7.0% downtrend Extended, still death-crossed
KWEB $27.01 46.0 +0.04% -12.7% downtrend Crashed out of overbought (was 64.3)
FXI $34.89 46.4 +1.78% -5.1% downtrend Crashed out of overbought (was 64.7)
INDA $49.78 53.7 +2.18% -2.0% basing Cooled from RSI 61.0
EWZ $33.93 36.6 -5.43% -3.7% basing Flipped negative, cooled the hardest
DRAM $57.32 53.5 -0.14% n/a too-young Nearly fully recovered from -18.44%
RONB $23.91 59.8 +3.19% n/a too-young Flipped positive, extended
IBB $198.26 63.3 +4.40% +14.2% uptrend Improved from +0.70%

*(Too-young cohort, broad stabilization continuing alongside two sharp negative outliers: RAM $13.20 RSI 47.9 30D -9.53% (improved sharply from -40.52%), SPCH $9.00 RSI 47.9 30D -4.05% (improved sharply from -27.37%), SSPC $11.00 RSI 40.4 30D -29.17% (deepened sharply from -2.29%), SPCQ $13.85 RSI 40.5 30D -31.09% (deepened sharply from -7.82%), MRVU $112.43 RSI 50.5 30D +6.94% (flipped positive from -18.60%), MVLL $27.69 RSI 50.5 30D +6.01% (flipped positive, now carries a real SMA200 at +50.4% and shows as pullback regime), CDNG $9.99 RSI 35.1 30D -25.67% (deepened from -20.34%, now among the lowest RSI in the universe), FOMG $8.17 RSI 53.4 30D +14.91% (flipped strongly positive from -2.09%), ENTL $9.88 RSI 55.7 30D +24.43% (extended further from +10.22%), CQTM $27.26 RSI 57.7 30D +10.72% (flipped positive from -5.74%), WQTM $35.33 RSI 59.0 30D +8.08% (flipped positive, now carries a real SMA200 at +17.7%, graduating out of too-young), DISK $38.55 RSI 49.2 30D -0.08% (nearly fully recovered from -19.83%), and LAZR $47.50 RSI 56.1 30D +14.87% (extended further from +11.80%) — broad stabilization with SSPC/SPCQ the clear negative outliers this cycle.)*


Tier Analysis

Broad-market/tech sleeve holds roughly steady — QQQM, QQQ, VOO, VTI, IWM, VGT, XLK, FTEC all extended modestly or held flat; no fresh acceleration, no reversal.

SOXS falls to the universe low, SOXL confirms a third recovery cycle — the leveraged semis pair diverges further: SOXS's 30-day loss deepened to -12.40% at the lowest RSI in this scan, while SOXL's deficit kept narrowing.

Gold-miner complex holds its structural break, momentum cooling — GDX stayed above its 200-day for a second cycle even as RSI eased from 70.3 to 66.4; GLD's death-cross cushion narrowed to -2.6%, its closest flip yet.

FXI/KWEB crash out of overbought — both fell roughly 18 RSI points this cycle, the sharpest single-basket reversal tracked here; EWZ cooled the hardest of the adjacent group.

SSPC/SPCQ extend their slide — both deepened their 30-day losses well past last cycle's round-trip level; the rest of the too-young cohort (RAM, SPCH, MRVU, MVLL, FOMG, CQTM, WQTM, DISK, LAZR, DRAM, RONB) continued its broader stabilization trend.

Income sleeve pushes into overbought — SCHD, JEPI, and XYLD all extended sharply into the low-to-mid 70s RSI range.


Entry Zones

Ticker Price Zone RSI vs SMA200 Setup
SOXS $40.28 Extreme — confirm before treating as a floor 26.9 -99.1% Lowest RSI in this universe; SOXL's long side keeps improving in parallel
FXI / KWEB $34.89 / $27.01 Watch for the cooldown to stabilize 46.4 / 46.0 -5.1% / -12.7% Both crashed roughly 18 RSI points this cycle; no known driver identified
GDX $89.97 Extended — confirm the breakout holds a third cycle 66.4 +2.4% Holds above the 200-day for a second cycle; momentum cooling
SSPC / SPCQ $11.00 / $13.85 Avoid until the slide stops 40.4 / 40.5 n/a Both deepened their losses well past last cycle's round-trip

Action Matrix

Action Stocks Why
🔒 HOLD VOO, VTI, VGT, XLK, FTEC, XBI, CLOU, WCLD, VYM, income/bond sleeve ex-overbought names Structurally intact, holding steady or extending modestly
🔍 WATCH — CONFIRMING RECOVERY QQQM, QQQ, IWM, SOXL, SMH, TQQQ, TECL, TNA, QLD, LABU Third straight cycle of improvement for several of these; watch for continuation
⚠️ REVERSED — VERIFY THE DRIVER FXI, KWEB, EWZ Crashed out of overbought or flipped negative this cycle; no known catalyst
⚠️ EXTENDED — DON'T CHASE GDX, NUGT, SKYY, SCHD, JEPI, XYLD RSI in the high 60s-70s after a sharp move; confirm before adding
⚠️ SHARP CONTINUED DECLINE SSPC, SPCQ, CDNG Deepened losses rather than stabilizing this cycle
🔍 STRUCTURE STILL UNCONFIRMED GLD, TAN, ICLN, URA Death-cross cushion narrowing (GLD) or momentum improving without a structural flip
⚠️ NO BASELINE / MIXED DRAM, RONB, RAM, SPCH, MRVU, MVLL, FOMG, ENTL, CQTM, WQTM, DISK, LAZR Too-young; broadly stabilizing outside the SSPC/SPCQ outliers

What To Watch Next

Watch Why it matters
Whether FXI/KWEB's cooldown stabilizes or extends into a fresh downleg Sharpest reversal in this universe this cycle; no known driver identified
Whether GDX's breakout above the 200-day holds a third straight cycle RSI eased from an extreme, but the structural break itself hasn't reversed
Whether SOXL's recovery extends a fourth cycle Third straight cycle of a narrowing deficit; SOXS sits at the universe's lowest RSI
Whether SSPC/SPCQ find a floor Both deepened well past last cycle's round-trip level rather than stabilizing
Whether GLD's death cross flips Cushion has narrowed to -2.6%, the closest in this tracked window
Whether the income sleeve's extension (SCHD/JEPI/XYLD) cools All three pushed into the low-to-mid 70s RSI range this cycle

Sources

  • Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-08-14 close — etf-ideas.
10 events

No direct external sources are attached to this read.