ETF Universe Scan
ETF Universe Scan
Bonds broke down into capitulation territory while the equity core kept extending: HYG and LQD both closed in the deepest oversold readings on this board (RSI 17.7 and 22.7), income funds SCHD and DOGG slid toward or through the oversold line, and semiconductors and tech posted the highest momentum readings on the board outside the leveraged funds. The gap between a stretched growth core and weak defensive and credit sleeves is the story.
Data as of the settled 2026-10-02 close, per the desk's summaries. Comparisons to the prior edition use the September 25 edition of this scan, in direction only.
Quick Snapshot
| Signal | Reading |
|---|---|
| Overall | 🟡 Growth core extended, credit and income weakening, metals and China-linked funds still under their long trends |
| Leaders | SMH (1Y +86.44%, +26.2% vs its 200-day, RSI 68.6), the two newest funds IGPT (1Y +85.52%) and AIS (1Y +112.57%), XLK (RSI 68.8, +21.1% vs 200-day) |
| Laggards | KWEB (1Y -44.43%, -18.2% vs its 200-day), FXI (1Y -20.50%), URA (1Y -20.74%), HYG and LQD (negative years, below 200-days) |
| Biggest single change | HYG fell to RSI 17.7 and LQD to 22.7 — both now sit in the capitulation band, a step beyond last edition's merely oversold reading |
| Caveat | TQQQ, SPXL, UPRO, SOXL, SOXS, TECL and TNA are leveraged or inverse legacy coverage. Shown for transparency, never an entry-zone pick or a proposal on this desk. The newest funds (DRAM, DISK, LAZR, CQTM) lack a year of history, so no long-trend read exists |
| Key insight | Oversold here is concentrated in bonds and income, which have no growth engine to bounce on — the opposite of a tech flush inside a healthy trend |
What's Going On
Credit is the stress point on this board. HYG closed $76.91 (RSI 17.7, -3.7% vs its 200-day, 1Y -4.97%) and LQD closed $101.83 (RSI 22.7, -6.1% vs its 200-day, 1Y -8.83%). Both are the lowest momentum readings in the universe and both carry negative years, so this is a long-trend problem, not a one-session dip. This page does not state a cause for the bond weakness.
The growth core kept extending. QQQM closed $308.69 (RSI 65.5, +12.1% vs its 200-day, 1Y +23.81%, -0.64% from its 52-week high). SMH closed $630.60 (RSI 68.6, 1Y +86.44%), and XLK, VGT and FTEC all print RSI near 68 with 200-day cushions around +20%. VOO (RSI 54.0) and VTI (RSI 52.6) lag the Nasdaq-heavy funds — the rally is narrow, led by tech and semis.
Cloud and software repaired. WCLD (RSI 55.0), CLOU (56.9), SKYY (60.9) and IGV (59.1) all sit above their 20-day and 200-day averages. IGV still carries a negative one-year return (-6.30%) — the one name in the group whose year has not yet turned.
Income is split. SCHD closed $32.72 at RSI 30.9, right on the oversold line, and VYM at RSI 33.8; DOGG fell to RSI 25.4, the lowest equity-income reading here. Covered-call names diverge: QYLD (RSI 66.0) is at its 52-week high while JEPI (RSI 39.6) has a negative one-year return (-1.32%).
Metals, China and clean energy stay under pressure. GLD closed $380.14 (RSI 38.8, -8.7% vs its 200-day, -25.42% from its high); GDX is -3.6% against its 200-day. KWEB, FXI and INDA all trade below their 200-days with negative years, and TAN's one-year return has turned negative (-4.61%).
What Changed Since Prior Scan (2026-09-25 → 2026-10-02)
No membership changes — the universe holds at 50 names.
| Change | Read |
|---|---|
| HYG and LQD moved from oversold into capitulation — RSI now 17.7 and 22.7 | Both were already the weakest readings last edition; the slide continued with negative one-year returns |
| DOGG fell to RSI 25.4 | Joins the sub-30 group; below its 200-day (-4.5%) |
| SCHD slipped to RSI 30.9, VYM rose to 33.8 | Last edition's partial income repair reversed for SCHD |
| Momentum climbed in semis and tech — SMH to 68.6, XLK to 68.8 | Highest momentum on the board outside the leveraged funds |
| Cloud/software momentum recovered — WCLD to 55.0 | Last edition's stall reversed |
| TAN's one-year return turned negative (-4.61%) | Last edition it was barely positive |
| JETS slipped back under its 200-day (-1.4%) | Last edition's reclaim did not hold |
| IWM momentum improved to 39.6 | Still below its 20-day; +1.9% vs its 200-day |
How To Read The Board
Everything here is raw screen evidence: price, momentum, moving-average position and return windows. A low momentum reading describes the recent tape, not a recommendation; the question is whether the long trend underneath is intact (above the 200-day, positive year) or under test. Leveraged and inverse funds are reported for completeness and are never picks. Funds under a year old show no long-trend read.
Price Table
Broad Market
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| QQQM | $308.69 | 65.5 | $299.66 | +3.0% | +0.70% | +5.71% | +23.81% | +12.1% | 🟢 Intact |
| QQQ | $749.58 | 65.4 | $727.78 | +3.0% | +0.68% | +5.69% | +23.75% | +12.1% | 🟢 Intact |
| VOO | $707.54 | 54.0 | $703.57 | +0.6% | -0.46% | +0.59% | +15.00% | +6.8% | 🟢 Intact |
| VTI | $377.99 | 52.6 | $376.45 | +0.4% | -0.47% | +0.29% | +14.62% | +6.4% | 🟢 Intact |
| IWM | $281.52 | 39.6 | $285.01 | -1.2% | -0.16% | -4.25% | +15.37% | +1.9% | 🟢 Intact |
Semis / Chips / Quantum
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| SMH | $630.60 | 68.6 | $584.15 | +8.0% | +3.96% | +14.55% | +86.44% | +26.2% | 🟢 Intact |
| QTUM | $156.06 | 62.1 | $149.56 | +4.3% | +1.52% | +7.84% | +43.04% | +15.8% | 🟢 Intact |
| WQTM | $32.50 | 52.0 | $32.02 | +1.5% | -0.58% | +3.40% | +7.30% | +5.1% | 🟢 Intact |
| CQTM | $23.37 | 46.6 | $23.30 | +0.3% | -3.67% | +2.28% | n/a | n/a | 🟡 Short history, no long-trend read |
Tech Sector
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| VGT | $128.32 | 68.2 | $123.22 | +4.1% | +1.70% | +7.71% | +35.43% | +20.5% | 🟢 Intact |
| XLK | $199.81 | 68.8 | $191.27 | +4.5% | +1.80% | +8.83% | +39.65% | +21.1% | 🟢 Intact |
| FTEC | $306.30 | 68.3 | $294.10 | +4.1% | +1.69% | +7.76% | +35.74% | +20.5% | 🟢 Intact |
Cloud / Software
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| WCLD | $41.24 | 55.0 | $40.51 | +1.8% | +2.38% | +0.71% | +17.23% | +26.3% | 🟢 Intact |
| CLOU | $28.81 | 56.9 | $28.21 | +2.1% | +1.48% | +4.99% | +22.86% | +25.8% | 🟢 Intact |
| SKYY | $168.14 | 60.9 | $163.34 | +2.9% | +2.10% | +5.54% | +23.81% | +26.6% | 🟢 Intact |
| IGV | $108.43 | 59.1 | $105.40 | +2.9% | +2.28% | +4.84% | -6.30% | +15.8% | 🟡 Above 200-day, negative year |
Gold / Metals
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| GLD | $380.14 | 38.8 | $393.21 | -3.3% | -3.37% | -5.62% | +7.15% | -8.7% | 🟡 Below 200-day, year still positive |
| GDX | $87.78 | 41.0 | $93.65 | -6.3% | -5.48% | -10.09% | +13.85% | -3.6% | 🟡 Below 200-day, year still positive |
Income / Dividend
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| JEPQ | $61.04 | 58.9 | $60.37 | +1.1% | -0.33% | +3.20% | +6.55% | +3.5% | 🟢 Intact |
| JEPI | $56.10 | 39.6 | $56.46 | -0.6% | -1.16% | -1.91% | -1.32% | -2.0% | 🔴 Below 200-day, negative year |
| SCHD | $32.72 | 30.9 | $33.62 | -2.7% | -1.48% | -6.54% | +19.68% | +3.2% | 🟢 Intact |
| VYM | $156.46 | 33.8 | $159.43 | -1.9% | -0.77% | -4.77% | +11.04% | +0.5% | 🟢 Intact |
| QYLD | $18.63 | 66.0 | $18.46 | +0.9% | +0.43% | +2.31% | +9.14% | +4.1% | 🟢 Intact |
| XYLD | $41.73 | 57.5 | $41.56 | +0.4% | +0.17% | +0.60% | +6.02% | +2.5% | 🟢 Intact |
| DOGG | $20.73 | 25.4 | $21.47 | -3.5% | -2.54% | -7.66% | +3.13% | -4.5% | 🔴 Oversold, below 200-day |
Bonds / Credit
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| HYG | $76.91 | 17.7 | $78.21 | -1.7% | -1.22% | -2.78% | -4.97% | -3.7% | 🔴 Oversold, below 200-day |
| LQD | $101.83 | 22.7 | $103.96 | -2.0% | -1.34% | -3.34% | -8.83% | -6.1% | 🔴 Oversold, below 200-day |
Biotech
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| XBI | $154.43 | 43.5 | $157.27 | -1.8% | -0.39% | -6.62% | +50.53% | +11.2% | 🟢 Intact |
| IBB | $205.29 | 47.3 | $206.90 | -0.8% | -2.14% | -3.98% | +37.21% | +13.4% | 🟢 Intact |
International
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| EWZ | $38.19 | 59.7 | $37.61 | +1.5% | +3.72% | +0.26% | +26.75% | +5.0% | 🟢 Intact |
| FXI | $33.19 | 34.1 | $34.38 | -3.5% | -2.27% | -6.61% | -20.50% | -8.4% | 🔴 Below 200-day, negative year |
| INDA | $46.52 | 31.9 | $47.89 | -2.9% | -2.80% | -6.90% | -11.05% | -6.7% | 🔴 Below 200-day, negative year |
| KWEB | $23.86 | 33.2 | $24.72 | -3.5% | -2.93% | -7.16% | -44.43% | -18.2% | 🔴 Below 200-day, negative year |
Thematic / Energy / Other
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| TAN | $44.05 | 40.9 | $45.52 | -3.2% | -0.02% | -6.81% | -4.61% | -19.7% | 🔴 Below 200-day, negative year |
| ICLN | $17.19 | 45.6 | $17.48 | -1.6% | -0.23% | -1.04% | +8.18% | -8.7% | 🟡 Below 200-day, year still positive |
| URA | $39.79 | 37.7 | $42.42 | -6.2% | -2.74% | -10.22% | -20.74% | -17.4% | 🔴 Below 200-day, negative year |
| JETS | $28.14 | 43.0 | $28.33 | -0.7% | -2.90% | -0.67% | +13.65% | -1.4% | 🟡 Below 200-day, year still positive |
| DRAM | $61.78 | 56.0 | $59.87 | +3.2% | -0.21% | +9.91% | n/a | n/a | 🟡 Short history, no long-trend read |
| RONB | $24.07 | 57.8 | $23.56 | +2.1% | +2.56% | +1.56% | n/a | +1.5% | 🟡 Short history, no long-trend read |
| DISK | $39.49 | 53.0 | $38.84 | +1.7% | -1.05% | +8.31% | n/a | n/a | 🟡 Short history, no long-trend read |
| LAZR | $48.28 | 61.7 | $44.09 | +9.5% | +7.55% | +15.97% | n/a | n/a | 🟡 Short history, no long-trend read |
Recently Added Coverage (IGPT, AIS)
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| IGPT | $103.11 | 63.7 | $98.92 | +4.2% | -0.35% | +12.89% | +85.52% | +28.8% | 🟢 Intact |
| AIS | $77.61 | 62.6 | $72.73 | +6.7% | +2.20% | +15.92% | +112.57% | +31.3% | 🟢 Intact |
Leveraged / Inverse (legacy coverage — reported only, never a pick)
| Stock | Price | RSI | SMA20 | vs SMA20 | 7D% | 30D% | 1Y | vs SMA200 | Signal |
|---|---|---|---|---|---|---|---|---|---|
| TQQQ | $81.01 | 64.1 | $74.71 | +8.4% | +1.77% | +16.39% | +52.65% | +27.5% | ⚠️ Avoid (leveraged) |
| SPXL | $288.65 | 53.5 | $283.96 | +1.7% | -0.90% | +1.26% | +34.43% | +15.9% | ⚠️ Avoid (leveraged) |
| UPRO | $150.88 | 53.4 | $148.49 | +1.6% | -0.87% | +1.17% | +33.51% | +15.6% | ⚠️ Avoid (leveraged) |
| SOXL | $163.71 | 65.1 | $132.12 | +23.9% | +8.10% | +53.94% | +318.91% | +39.3% | ⚠️ Avoid (leveraged) |
| SOXS | $29.71 | 33.2 | $39.68 | -25.1% | -8.39% | -42.68% | -96.77% | -85.8% | ⚠️ Avoid (inverse, structural decay) |
| TNA | $59.85 | 37.9 | $62.44 | -4.1% | -0.84% | -12.74% | +29.13% | -1.0% | ⚠️ Avoid (leveraged) |
| TECL | $246.31 | 68.1 | $217.83 | +13.1% | +5.04% | +27.08% | +89.47% | +52.1% | ⚠️ Avoid (leveraged) |
Tier Analysis
Capitulation (RSI below 25): HYG (17.7), LQD (22.7). All non-leveraged; HYG and LQD are the only two.
Oversold (RSI 25-40): IWM (39.6), GLD (38.8), JEPI (39.6), SCHD (30.9), VYM (33.8), DOGG (25.4), URA (37.7), KWEB (33.2), FXI (34.1), INDA (31.9). Leveraged and inverse names in the band: SOXS (33.2), TNA (37.9).
Neutral / Strong (RSI 40+): the remaining funds, topped by XLK (68.8), SMH (68.6), FTEC (68.3), VGT (68.2), QYLD (66.0). Nothing outside the leveraged group reached 70.
Entry Zones
Conditions, not advice. Each line states what would have to be true, not what to do.
| Stock | Entry Zone | Thesis |
|---|---|---|
| SMH | Current $630.60; 20-day $584.15, 200-day $499.50 | Strongest long trend (+86.44% 1Y); no discount, interesting only on a pullback toward the 20-day |
| XBI | Current $154.43; 200-day $138.83, support shelf $128.28 | Down -6.62% on the month inside a +50.53% year, +11.2% above its 200-day — the cleanest discount-with-trend name here |
| IWM | Current $281.52; 200-day $276.32, support shelf $262.27 | Year +15.37%, cushion only +1.9%; the 200-day decides this read |
| SCHD / VYM | SCHD $32.72 (200-day $31.72); VYM $156.46 (200-day $155.69) | Both near RSI 30-34 with thin cushions; their 200-days are the lines to watch |
| HYG / LQD | HYG $76.91 (200-day $79.89); LQD $101.83 (200-day $108.41) | Capitulation-level momentum, negative years, below 200-days — no repair yet |
| GLD | Current $380.14; 200-day $416.16, support shelf $374.49 | Below its 200-day; the reclaim is the line to watch |
| TAN / URA | TAN $44.05 (200-day $54.88); URA $39.79 (200-day $48.16) | Both negative years, deep under their 200-days; not zones, structural damage |
Action Matrix
| Stock | Signal | Action | Notes |
|---|---|---|---|
| SMH, XLK, VGT, FTEC | 🟢 | 🔒 Hold | Strongest intact trends; extended, not a chase |
| QQQM, QQQ, VOO, VTI | 🟢 | 🔒 Hold | Core intact; narrow, tech-led |
| XBI, IBB | 🟢 | 📈 Accumulate | Pullbacks inside strong multi-year trends |
| WCLD, CLOU, SKYY | 🟢 | 🔍 Watch | Repaired; well above 200-days |
| IGV | 🟡 | 🔍 Watch | Year still negative |
| IWM | 🟡 | 🔍 Watch | Thin cushion over its 200-day |
| SCHD, VYM | 🟡 | 🔍 Watch | Near the oversold line, trend not broken |
| DOGG, JEPI | 🟡 | 🔍 Watch | Weak, below 200-days |
| HYG, LQD | 🔴 | ⚠️ Avoid | Capitulation momentum, negative years, no repair |
| GLD, GDX | 🔴 | ⚠️ Avoid | Below the 200-day (GDX slightly) |
| URA, TAN | 🔴 | ❌ Don't buy | Structural damage |
| KWEB, FXI, INDA | 🔴 | ⚠️ Avoid | Negative years below 200-days |
| EWZ, JETS | 🟡 | 🔍 Watch | EWZ intact; JETS back under its 200-day |
| IGPT, AIS | 🟢 | 🔒 Hold | Strong, extending, young funds |
| DRAM, RONB, DISK, LAZR, CQTM, WQTM | 🟡 | 🔍 Watch | Insufficient history for a long-trend verdict |
| TQQQ, SPXL, UPRO, SOXL, SOXS, TECL, TNA | ⚠️ | ⚠️ Avoid | Leveraged/inverse legacy coverage; never a pick |
What To Watch Next
- Do HYG and LQD find a floor? HYG's 200-day is $79.89 and LQD's is $108.41; neither has reclaimed anything yet.
- Does the income sleeve break? SCHD sits at RSI 30.9 with a +3.2% cushion; a close under its 200-day ($31.72) would turn a dip into a trend problem.
- Is the tech/semis extension late? SMH, XLK, VGT and FTEC all sit near RSI 68-69; the 70 line is the next test.
- IWM and the 200-day. $276.32 is the level; the year is still +15.37%.
- Does JETS reclaim its 200-day ($28.55) again?
Sources
- Tape data: pre-computed desk summary, as of the 2026-10-02 close (etf-ideas).
Desk price summaries for the ETF universe (all 50 rows, latest bar 2026-10-02); the September 25 edition of this scan for direction-only comparisons.
Related
10 eventsNo direct external sources are attached to this read.