iShares Expanded Tech-Software Sector ETF
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IGV
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$97.21
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-2.01%
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$97.89
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$98.17
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$96.71
Tue, October 8, 2024 | 11:57AM ET
Time to refresh comments on IGV-2.01% , the Ishares expanded Tech-Software ETF, as this is now exceeding 90, and officially breaking out above two prior peaks from this year along with Nov 2021 in a very bullish Cup and Handle pattern back to new all-time high territory. While Semis still are outperforming Software on an intermediate-term basis, Software has shown better relative strength since this Summer. Note, this Software outperformance is not the normal MSFT-1.26% led rally. Rather, it's being led by PLTR-1.51% , ORCL-5.30% , NOW-2.34% , and strong movement out of the likes of CRM-2.77% , PANW0.34% which i suspect should rally back to all-time highs. (More on this topic in tonight's report)
