This 16-name materials-and-test book leans positive this cycle — 11 of 16 names gained RSI — led by KMT, which jumped 12.4 points on real volume (1.8x average) and flipped from a downtrend to a pullback regime. The semicap subset (TER, AMKR, KLIC, BESIY) rode the same September 4 chip bounce as the rest of the semicap complex, though all four are still stuck in the RSI 40s. WOLF and MP remain the two names in this book with genuine long-horizon damage — both negative on the trailing year and negative on alpha — regardless of this cycle's short-term readings.

Data as-of the 2026-09-04 close for all 16 names. Comparison baseline is the August 28 scan.

The semicap-adjacent names in this book — TER, AMKR, KLIC, BESIY — all posted positive 1-day moves (TER +5.45%, KLIC +3.54%, BESIY +2.88%, AMKR +1.77%), the same session-wide chip bounce visible across the broader semicap complex on September 4. But none of the four cleared RSI 47, and none traded on standout volume (TER 0.93x, AMKR 1.0x, BESIY 0.44x, KLIC 0.85x average) — consistent with a book-wide bounce on ordinary volume rather than a breakout. All four remain solidly positive on the trailing year and on alpha (TER +199.05%/+180.39, AMKR +96.67%/+78.01, BESIY +83.19%/+64.54, KLIC +116.01%/+97.36), which argues these are pullbacks inside intact multi-year trends, not fresh breaks — even though AMKR and BESIY both sit below their 200-day (-14.6% and -4.7% respectively).

KMT is this cycle's standout: RSI jumped from 37.6 to 50.0, a 12.4-point move, and its regime relabeled from downtrend to pullback. Unlike most of this cycle's movers, KMT's advance came on 1.78x average volume — a real confirmation. Its trailing-year backing is solid (+42.1% 1y, +23.45 alpha), so this reads as a genuine reversal rather than a one-day pop.

WOLF and MP are the two names in this book where the horizon check gives no cover. WOLF is down 68.17% over the trailing year with an alpha1y of -86.83 — its August 19 earnings print missed badly (EPS -$2.26 versus a -$1.46 consensus, a 54.3% negative surprise, 2026-08-19-wolf-earnings), and the stock remains 1.7% below its 200-day even after this cycle's RSI recovery to 49.7. MP is down 15.04% over the trailing year with an alpha1y of -33.69 and sits 5.4% below its 200-day — this is despite a run of bullish news coverage in late August (a $3B minerals-project announcement and a "best week in 10 months" headline, both dated 2026-08-28, latest). The bullish headlines and the horizon math point in opposite directions here; neither cancels the other out, and this is worth tracking rather than resolving in either direction from this cycle's data alone.

TDY is a smaller version of the same pattern: its headline trailing-year return is still positive (+11.64%), but its alpha1y is negative (-7.02) and it sits just barely below its 200-day (-0.5%) — real, if mild, underperformance behind a chart that looks flat rather than broken. AMVMF shows the same shape at a smaller scale (+14.7% 1y, -3.95 alpha, -4% below its 200-day) and printed zero shares traded this cycle after having ended a zero-volume streak as of the last scan — a reversion worth flagging on data-quality grounds alone.

• KMT: RSI 37.6 → 50.0 (+12.4), the largest move in the book; regime relabeled downtrend → pullback; move confirmed by 1.78x average volume.
• WOLF: RSI 42.9 → 49.7 (+6.8), continuing its recovery from the August 19 earnings miss; still collapse-tagged and below its 200-day.
• KEYS: RSI 45.1 → 50.3 (+5.2); BESIY: RSI 35.6 → 40.7 (+5.1); KLIC: RSI 36.1 → 40.2 (+4.1) — all part of the semicap subset's session-wide bounce.
• TER: RSI 43.8 → 46.9 (+3.1); CRS: RSI 34.9 → 38.1 (+3.2); AMKR: RSI 39.3 → 41.3 (+2.0); ATEYY: RSI 52.3 → 54.3 (+2.0).
• AMVMF: RSI 50.0 → 50.5 (+0.5), but reverted to zero shares traded this cycle after having ended a zero-volume streak as of the last scan.
• ALM: RSI 60.2 → 56.8 (-3.4); MP: RSI 53.7 → 50.5 (-3.2), continuing its long-horizon deterioration; SDVKY: RSI 60.6 → 58.2 (-2.4); TDY: RSI 36.2 → 34.2 (-2.0), regime relabeled pullback → basing.

This book is not showing the same short-term-versus-long-term tension as the pure semicap names elsewhere in this batch — most of it is genuinely improving on both counts. The exception is the WOLF/MP pair, where every horizon (the week, the year, alpha, and position versus the 200-day) agrees on real damage; WOLF's driver is confirmed (a bad August earnings miss), MP's is not, despite recent bullish coverage. TDY and AMVMF are smaller-scale versions of the same "negative alpha behind a flat-looking chart" pattern and are worth a second look before treating their charts as simply range-bound. KMT's reversal stands out for being backed by real volume rather than the more common ordinary-volume bounce seen elsewhere in this cycle's tape.

Tier A — RSI 50+ (9): SDVKY, ALM, ATEYY, MP (real breakdown despite the reading), AMVMF (zero volume), KEYS, KMT (real-volume reversal), ELMT (too-young), ASX.

Tier B — Mid-book, RSI 45-50 (2): WOLF (real breakdown despite this cycle's recovery), TER.

Tier C — Cooling, RSI 40-45 (3): AMKR, BESIY (thesis intact), KLIC (thesis intact-but-priced).

Tier D — Weakest, RSI <40 (2): CRS, TDY (negative alpha despite positive 1y).

• Tape data (price/RSI/SMA/returns/1-year, SMA200, volume): full-scan pre-computed summaries as of the 2026-09-04 close — supply-chain-traces.
• WOLF earnings: 2026-08-19-wolf-earnings.
• MP news: latest.