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Tech Pulse

Seven washout gauges for tech — large-cap trend, semis, broader tech, equal-weight participation, sentiment, speculative risk, and fundamentals.

6 of 7 indicators have chart data right now. For breadth, VIX, credit, and ISM see the market bottom tracker →.

  1. 1

    QQQ vs 50SMA / 200SMA

    QQQ

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    QQQ 704.54 (−4.64) · vs 50SMA 709.97 · vs 200SMA 661.14

    Nasdaq-100 ETF price relative to its 50-day and 200-day moving averages.

    Core large-cap tech trend gauge.

    Bottom signal Reclaim of the 50SMA after a washout, or a higher low vs a still-falling 200SMA — trend repair in large-cap tech.

    QQQ

    • SMA 200
    • SMA 50
    Latest 704.54 -0.65%
    How to read this Two readings: price vs each MA, and the 50SMA vs 200SMA cross. Both feed the bottom checklist.

    Pullback in an intact uptrend — short-term weak, long-term still bullish.

    • Price vs 50SMA: 704.54 is below 709.97 — intermediate trend weak.
    • Price vs 200SMA: 704.54 is above 661.14 — long-term trend intact.
    • MA cross: golden-cross setup (50SMA above 200SMA).
    Checklist shortcuts
    Scenario Implication
    Price < 50, Price > 200 Pullback in uptrend — watch for 50SMA reclaim
    Price > 50 and 200 Healthy uptrend — bottom likely already in play
    Price < 50 and 200 Real downtrend — no bottom signal yet
    50SMA crosses below 200 Death cross — warning, don’t fight it
    50SMA crosses above 200 Golden cross — bullish confirmation

    Trigger Cleanest flip from pullback → resumed uptrend: price reclaims and holds the 50SMA (709.97) while staying above the 200SMA (661.14).

    Open QQQ alerts →

  2. 2

    SMH / semiconductor breadth

    SMH

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    SMH 542.11 (+0.61) · vs 50SMA 566.84 · vs 200SMA 484.18

    VanEck Semiconductor ETF vs its 50-day and 200-day moving averages — a leadership-health gauge for tech.

    Semis lead tech cycles both up and down — SMH often breaks before broader tech.

    Bottom signal Reclaim and hold of the 50SMA after a washout, or a reclaim of the 200SMA after regime risk — semis stabilizing and often leading a tech turn.

    SMH price with 50SMA / 200SMA overlays. Name-level semi breadth (% above 50SMA) is not wired yet.

    SMH

    • SMA 200
    • SMA 50
    Latest 542.11 +0.11%
    How to read this Same MA framework as QQQ, but more important — semis often lead tech cycles. Read price vs each MA, then the 50/200 cross.

    Semis correcting but still leading — short-term momentum broken, long-term trend intact.

    • SMH vs 50SMA: 542.11 is below 566.84 — short-term semi momentum breaking.
    • SMH vs 200SMA: 542.11 is above 484.18 — semi regime intact.
    • MA cross: golden-cross setup (50SMA above 200SMA).
    Checklist shortcuts
    Scenario Implication
    SMH closes below 50SMA Short-term semi momentum breaking — often precedes broader tech weakness
    SMH reclaims & holds 50SMA Semi correction likely ending; leadership stabilizing
    SMH crosses below 200SMA Serious regime-risk for semis — full corrections, not just noise
    SMH reclaims & holds 200SMA Potential major low in semis; leadership healing
    Price > 50 and 200 Semis leading and healthy
    Price < 50, Price > 200 Semis correcting but still leading
    Price < 50 and 200 Leadership breaking — broad bottom not yet

    Trigger Cleanest flip from semi pullback → resumed leadership: SMH reclaims and holds the 50SMA (566.84) while staying above the 200SMA (484.18).

    Open SMH alerts →

  3. 3

    NYSE Arca Tech 100 (^PSE)

    ^PSE

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    ^PSE 10281.22 (−3.18) · vs 50SMA 10442.5 · vs 200SMA 9574.99

    Broader tech index level vs its own trend (off 52-week highs, above/below 200SMA).

    Broader tech benchmark beyond mega-caps.

    Bottom signal Index holds above the 200SMA while cutting the drawdown from the 52W high — breadth beyond mega-caps stabilizing.

    NYSE Arca Tech 100 from Yahoo (^PSE) with 50SMA / 200SMA overlays.

    NYSE Arca Tech 100

    • SMA 200
    • SMA 50
    Latest 10281.22 -0.03%
    How to read this Same MA framework as QQQ/SMH, but the question is broader-tech health: is the tape healing beyond a few giants?

    What it is The NYSE Arca Tech 100 (^PSE) is a broader technology index — more equal-weighted across tech names than mega-cap-heavy QQQ. Use it to check whether tech strength (or washout) extends past the largest stocks.

    Pullback in a still-intact long-term tech trend — short-term weak, 200SMA still support.

    • ^PSE vs 50SMA: 10281.22 is below 10442.5 — intermediate trend weak.
    • ^PSE vs 200SMA: 10281.22 is above 9574.99 — long-term trend intact.
    • MA cross: golden-cross setup (50SMA above 200SMA).
    Checklist shortcuts
    Scenario Implication
    Price > 50 and 200 Broader tech healthy — bottom likely already in play beyond mega-caps
    Price < 50, Price > 200 Pullback in uptrend — watch for 50SMA reclaim
    Price holds above 200SMA Long-term support intact — drawdown may be stabilizing
    Price < 50 and 200 Broad tech downtrend — no confirmation yet
    Reclaims 200SMA after break Major-low candidate for broader tech

    Trigger Bottom confirmation: ^PSE holds above the 200SMA (9574.99) and reclaims/holds the 50SMA (10442.5) — broader tech stabilizing, not just Nasdaq megacaps.

  4. 4

    Equal-weight vs cap-weight tech (RYT / XLK)

    RYT/XLK

    Live

    Easing

    RYT/XLK 0.3385 (+0.0017) · XLK 183.74

    RYT ÷ XLK ratio trend — equal-weight tech versus mega-cap-heavy XLK.

    Confirms a rally isn't just 5–6 mega-caps.

    Bottom signal Ratio turns up from a depressed base — rally broadening past the biggest names.

    Primary chart is the RYT/XLK ratio. Companion shows XLK price for context.

    RYT / XLK

    Latest 0.34

    XLK

    Latest 183.74 -0.29%
    How to read this Read the ratio’s direction and base — bottom confirmation is a turn up from a depressed level, not XLK alone making new highs.

    What it is RYT is an equal-weight tech ETF; XLK is market-cap-weighted tech (mega-cap heavy). The RYT ÷ XLK ratio shows whether the average tech stock is keeping up with the giants. Rising ratio = broadening; falling ratio = concentration in a few megacaps.

    Broadening tape — more of the tech complex joining; supports a durable tech bottom.

    • RYT/XLK: 0.3385.
    • Ratio rising — equal-weight tech outperforming mega-cap-heavy XLK; participation broadening.
    • XLK (cap-weight context): 183.74.
    Checklist shortcuts
    Scenario Implication
    Ratio rising Equal-weight outperforming — rally broadening past mega-caps
    Ratio falling Mega-caps dominating — index strength may be narrow/fragile
    Ratio turns up from a low base Bottom confirmation — participation returning under the surface
    XLK up, ratio still down Leaders-only bounce — wait for equal-weight to catch up

    Trigger Checklist pass: RYT/XLK stops falling and turns up from a depressed base — the tech rally is spreading beyond a handful of mega-caps.

  5. 5

    Tech sector put/call ratio

    Put/Call

    Proxy series

    Calm

    Put/Call 0.7861 (+0.0193)

    Options positioning specific to tech names when available.

    Sentiment washout specific to tech holdings.

    Bottom signal Extreme put buying in tech followed by normalization — sentiment washout in the names you hold.

    Showing CBOE equity put/call (market-wide) until a tech-sector put/call feed is wired.

    Put/Call Options

    • <0.50 Bullish
    • 0.50–0.75 Neutral
    • 0.75–1.0 Bearish
    • >1.20 Oversold
    Latest 0.79 +0.02
    Bearish
    How to read this Bottom checklist wants an extreme bearish spike, then a fall back toward normal — not the raw level alone.

    What it is Equity put/call ratio = put volume ÷ call volume. Higher readings mean more hedging/bearish bets; lower readings mean more bullish/speculative call buying.

    Mid-range — not particularly actionable alone.

    • Current PCR: 0.7861 — near normal equity range (~0.7–0.8 is common).
    • Rising — put demand still increasing.
    • Normal equity PCR often clusters around ~0.7–0.8; extremes matter more than the middle.
    Checklist shortcuts
    Scenario Implication
    PCR ≥ 1.2–1.5 Extreme fear / capitulation — watch for rebound setups
    PCR > 1.0 Elevated bearish sentiment — puts dominate calls
    PCR < 0.5 Euphoria — aggressive call buying; pullback risk
    Extreme high → falls toward 0.6–0.8 Panic peaked and is unwinding — checklist pass

    Trigger Bottom-like signal: PCR surges to a statistically extreme high vs recent history, then drops back toward its normal range (~0.6–0.8) — everyone bought protection, then stopped.

    Open Put/Call alerts →

  6. 6

    High-growth / unprofitable tech (ARKK vs QQQ)

    ARKK/QQQ

    Live

    Watch

    ARKK/QQQ 0.1185 (−0.001) · ARKK 83.49

    ARKK relative strength versus QQQ (ARKK ÷ QQQ).

    Early risk-appetite return often shows here first.

    Bottom signal Ratio stops falling and turns up — risk appetite returning in speculative growth before it shows in mega-caps.

    ARKK/QQQ ratio from Yahoo closes. Companion shows ARKK price.

    ARKK / QQQ

    Latest 0.12

    ARKK

    Latest 83.49 -1.45%
    How to read this Bottom confirmation is the ratio stopping its decline and turning up — speculative growth starting to outperform again, not just QQQ bouncing.

    What it is ARKK is a basket of high-growth, often unprofitable / long-duration tech and innovation names. QQQ is mega-cap Nasdaq-100 tech. The ARKK ÷ QQQ ratio shows whether speculative growth risk appetite is healing relative to the leaders — a classic early bottom tell.

    Risk appetite still weak — ARKK-style names lagging; treat QQQ strength as incomplete without this turn.

    • ARKK/QQQ: 0.1185.
    • Ratio falling — speculative growth still underperforming mega-cap tech; risk-off in the long-duration names.
    • ARKK (absolute price context): 83.49.
    Checklist shortcuts
    Scenario Implication
    Ratio rising Speculative growth outperforming — risk appetite returning
    Ratio falling High-growth lagging mega-caps — risk-off still in force under the surface
    Ratio turns up from a low base Early bottom tell — unprofitable tech risk bid returning
    QQQ up, ratio still down Leaders-only bounce — wait for ARKK-style names to catch a bid

    Trigger Checklist pass: ARKK/QQQ stops falling and turns up from a depressed base — risk appetite returning in speculative growth before it fully shows in mega-caps.

  7. 7

    Tech earnings revision breadth

    EPS rev.

    Coming soon

    No data

    Coming soon

    % of tech companies seeing upward EPS revisions.

    Fundamental confirmation, not just price.

    Bottom signal Revision breadth troughs and turns up — fundamental confirmation, not just price.

    Needs an analyst-revision feed (e.g. FactSet/LSEG-style breadth). Not wired yet.

    Chart coming soon — data source not wired yet.

Educational dashboard, not financial advice. Proxies and gaps are labeled. Confirm bottoms with your own process.