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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 cycleSSPC'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 steadyQQQM, 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 coolingGDX 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 overboughtSCHD, 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.
9 events

No direct external sources are attached to this read.