Apr. 11 at 4:30 AM
The Mag 7 (
$SPY) certainly feel overbought here, and a rotation into software next week would be a welcome change of pace.
That said,
$IGV (Software ETF) has been under intense pressure, closing at
$74.67 on April 10, 2026—effectively hovering at its 52-week lows. Looking at your picks:
$ORCL: Standing out as a bastion of strength, it bucked the trend today to close at
$138.09, showing massive relative strength compared to its peers.
$PLTR: Closed at
$128.11. While it’s caught in the broader sector "SaaSpocalypse" volatility, its unique positioning makes it a top candidate for any bounce-back.
If the "CAPEX fatigue" in big tech finally leads to a breadth expansion, catching these at current levels could be a savvy move. Good luck with the weekend hold!