iShares Expanded Tech-Software Sector ETF (IGV) — Technical state

Long reads

• The Software-Credit NexusDossier · $39 · 10 Mar 2026The S&P 500 Software and Services Index fell nearly 13% over six consecutive sessions, and by mid-February 2026, the iShares Expanded Tech-Software Sector ETF (IGV) was down approximately 20% year-to-date — the worst start to any year in…
• Cloud — the AI fund near its 2021 record while the chip funds fall backChart Pick · 9 Oct 2026Broad software (IGV) is up 25.5% from June but only 6.8% this year; it still carries the damage of the spring.
• The AI software company whose sales grew 93% while its stock fell by half: back within 7% of its record after breaking a two-month range — at 83 times next year's earningsChart Pick · 25 Sept 2026The pick against software (IGV), cloud software (CLOU) and the Nasdaq-100 (QQQ), one year each.
• Bitcoin — New Life for the Coins and the StocksWeekly Signal · 20 Sept 2026
• Cybersecurity — Sold on Price, Bought on FlowWeekly Signal · 13 Sept 20265 · The two funds against software and the index CIBR (First Trust Nasdaq Cybersecurity) and WCBR (WisdomTree Cybersecurity) one year, against the software fund IGV and the Nasdaq 100 fund QQQ, rebased to 100 on September 11, 2025.
• AI Capex — The Tell Fired TwiceWeekly Signal · 26 Jul 2026The week, for the record Closelook indices (EW) Week Post-print (Wed→Fri) Markets (wk) Rubin Build-Out +0.4% −4.3% S&P 500 (SPY) −0.6% Agentic Infrastructure −2.9% −2.4% Nasdaq-100 (QQQ) −1.6% · 684.23, below the 686.37 floor Agentic…
• Sector Rotation — Three Rotations, One WeekWeekly Signal · 19 Jul 2026And the market-side mirror says the same thing: SOXX −10.2% while software (IGV) finished green at +0.4% and the equal-weight S&P fell just −0.4%.
• Earnings Season — The Bar Meets Its First PrintsWeekly Signal · 12 Jul 2026Software slipped (IGV −1.2% ), and the prior week's rotation winners reversed hard across our own universe: HALO's defense cohort −9.4% and space −9.9% after leading everything at +18/+17, the Agentic index's identity tier −6.1% after…

Dailies

• Korea — Kospi −5.5% breaks its 18-month uptrend; SK Hynix and Samsung about −8% on a China memory scareMorning 10 · 13 Oct 2026
• Chips — memory and optics sold again: Lumentum −7.7%, SanDisk −6.5%, chip fund −2.6%; Meta +3.8%Midday 10 · 12 Oct 2026Software holds up better, but it is not rising as a group: Salesforce +2.5%, Workday +2.8% and Microsoft +1.1% are up, while the software fund IGV and the cloud fund CLOU are both down 0.7%.
• Korea — Kospi −3.5% on its first day back as chipmakers catch up; SpaceX deal sinks T-Mobile 13%Morning 10 · 12 Oct 2026The cloud fund CLOU rose 3.9% to 30.11, the software fund IGV 2.8% and the cloud-software fund WCLD 2.9% (+6.1% on the week).
• Portfolios — No Trades as Chips Fell 5%Daily Pulse · 10 Oct 2026Palantir rose 10.8 percent to 209.05, Snowflake 8.2 percent and Datadog 5.8 percent; the software fund IGV gained 3.9 percent and the cloud fund CLOU 4.5 percent.
• AI Capex — chip index −3.4% after OpenAI's revenue comes in at $50 billion, not $70 billion; software risesMorning 10 · 9 Oct 2026The cloud-software fund WCLD gained 1.5%; the broader software fund IGV was flat (−0.2%) only because Oracle, a data-centre builder as much as a software house, fell 5.5%.
• AI Trade — Capex Sold, Apps BoughtDaily Pulse · 9 Oct 2026Table as text Stage Measure Since 22 June Since 31 August Build (capex) Rubin Build-Out EW −15.8% +8.9% Build (capex) Chip fund SMH / SOXX −9.2% / −14.0% +9.1% / +10.2% Operate (opex) Agentic Infrastructure EW +21.1% +6.6% Operate (opex)…
• AI Trade — cloud fund +2.9% on a second up day, security +2.7%; chips −0.9% again, Delta −1.6% on fuelMidday 10 · 9 Oct 2026The cybersecurity fund CIBR rises 2.7%, broad software (IGV) 2.1%.
• Oil — Brent +3.4% to $103.64, energy the only strong sector; chips and power generators sold, PepsiCo +1.1%Midday 10 · 8 Oct 2026