IGV iShares Expanded Tech-Software Sector ETF

Hot take? $IGV might be due for a pull back $PANW, $PLTR, $CRWD, $MSFT (over 37% of the ETF) all at all-time-highs and testing the upper Bollinger Bands Something to watch!

The weakness in tech is spreading to software. $IGV is still above its 50dma, but its relative strength is declining.

Software $IGV versus Semiconductors $SMH breaking out into potential early Stage 2, and Mansfield RS crossing its "zero line" (52 week RS MA)

$IGV &A Activity in our sector major deal the biggest in Schneiders history …. They paid decade low multiples😳 very intresting

$IGV down 5-6% in 1 day is basically among the weakest 1 day return in last 10 years outside of covid

$IGV Software sector probably has been one of the trickiest sectors to trade this year. ■ Software can rally or fall with or against the market and there is no clear pattern to that. ■ The only reliable pattern has been, most of the time (~80%) software trades inversely to the chips, but other times (~20%), they can also move in the same direction. LOL ■ The other developing patterns are, those (security and large enterprise systems) that can prove the benefit from AI adoption have rebounded BIG, but those (SaaS based user productivity apps) that show vulnerability to AI adoption have tanked big. $CRWD $PANW are gaining and $APP $TTD are losing today.

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$IGV is in still overall in da chop but the huckleberries shud go $SHOP ing below da $$$ patterns in ⏰. 🧠⏰

$IGV - potential rotation into software this morning as semis are pulling back slightly after a strong 4-day rally.

Software is notably stronger than semis so far this morning. $IGV found support near its 50dma and went green. Setups like $CRM are looking half-decent.

$IGV +2.81% while $SMH lost 0.65%. Chip selling slowed, but technology still lacked agreement. Watch whether software retains demand while chips stabilize after the next open; one opening move alone is weak confirmation.

$IGV $MRVL $SMH I will be watching the backlogged orders of the larger semi manufacturers to see that demand is still holding up. I expect demand will be continuing to scale up while bringing additional manufacturing online will be slow. If the larger players are unable to meet that demand, we likely see a shift to some of the smaller players like $TXN (who coincidentally prints circuit boards on 30MM wafers, allowing them to pivot into memory with minimal effort). The small fish downstream feed on the wake of the whales, like a remora. But what do I know? What do you think, ?

$IGV has successfully tested the 75ish support level for 3 years , each year making a new high. Struggling this year with declining vol.

$IGV starting to shape up a bige base. Nice to see it holding fairly tight up here above the .382 from the lows.

One could probably be safe from #Chipwreck 2.0 by piling into $IGV and $LLY . I've been increasing Lily a lot lately. There's more to the world than AI. Hard to remember sometimes!

$IGV down over 2.8% since this post yesterday, and just look at how much the TOP names are down! And yes, we bought puts 😉 #PeloCalledit!

$IGV da huckleberries are $FRSH n going $SHOP ping thru da $$$$$. Appears obviously obvious software dips are a 🎁.

$IGV Remember how this was "love to hate" this group 6 months ago (mid $70s then), not bad for the bounce since then ($110ish now). That's ≈50% in 6 months. Would we, Can we say the same for the advance Chinese AI group of stocks (eg $BABA $BIDU $TCEHY etc ) 6 months from now ?? Pivotal point coming in November ??

$IGV $QQQ Expanded Tech-Software Sector ETF (IGV) - Weekly IGV appears to have retested the December 2024 highs near the $111-$113 area but has thus far failed to achieve sustained acceptance above that resistance zone. Recent price deterioration, coupled with weakening daily momentum and a developing bearish weekly momentum crossover, suggests the market may be rejecting an important multi-year resistance area. While longer-term momentum remains in a bullish regime, the current evidence increasingly supports the possibility of broader topping behavior rather than immediate continuation of the prior advance.

$IGV And position closed. I think near term probably little downtrend or flat. That was huge win my friends. GLTA :)