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…
• 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…
• Software vs Semis — The Tape Split in TwoWeekly Signal · 5 Jul 2026Inside tech: software week, semi wreck The tech ETF shelf split down the middle: ETF Week Software (IGV) +6.1% Cloud (CLOU) +4.9% Fabless (SMHX) −1.9% Small-cap semis (XSD) −2.8% Semis (SMH) −3.2% Semis (SOXX) −4.0% A ten-point weekly gap…

Dailies

• Megacaps — Microsoft jumps 3.6%, Meta gives back 3.7%; oil sinks 4% on Iran-deal talk, the 30-year at 5.49%Midday 10 · 25 Sept 2026The software fund IGV is still down 0.35%, so the bid is for Microsoft, not for software.
• Rates — the 30-year hits its highest since 2004; Oracle and Arm sold, Meta and Intel bought, Nasdaq ends flatMorning 10 · 25 Sept 2026Chips split, software sold: SOXX $566.07 (+0.06%); SanDisk $1,753.62 (-3.47%), memory fund DRAM -1.91%, Broadcom -1.30%, Nvidia -0.41%; Micron $1,080.53 (+0.81%); IGV -0.88%, Microsoft -0.53%, cyber fund CIBR -0.79% after its record
• AI Credit — Oracle invokes force majeure on a New Mexico data center; the 30-year hits 5.45%Midday 10 · 24 Sept 2026Meta $765.67 (+2.9%) after Connect; Salesforce $241.58 (+1.68%); software fund IGV 107.56 (-0.50%); Microsoft (-1.17%), Amazon (-1.23%), Alphabet (+0.26%)
• Rates — the 10-year closes at 5.11% and the 5-year hits 5%; Tokyo reopens higher, chip-equipment makers leadMorning 10 · 24 Sept 2026Chips sold as duration, software held: SOXX -1.23%, memory basket -2.70%, SanDisk $1,816.57 (-3.73%), Micron -2.22%, Broadcom -2.62%; against IGV +1.26%, ServiceNow +2.76%, Salesforce +1.84%, and the cyber fund CIBR a record close at…
• Nasdaq - a second record close as memory jumps 5-7% and banks, card networks and software are soldMorning 10 · 23 Sept 2026The software funds fell less, because the sale was in the application names rather than the security and infrastructure names: IGV lost 0.35% to $106.75 and the cybersecurity fund CIBR 0.50% to $102.58.
• Yields — the 10-year is back above 5% on a hot PMI and a hawkish Fed; chips fall, software is boughtMidday 10 · 23 Sept 2026The Nasdaq is down 0.81% after two record closes, SOXX 1.40% and the memory basket 1.93%, while IGV is up 1.30% and the cyber fund at a new high.
• Nasdaq - a record close in the worst month of a midterm year, right after the bulls gave upMorning 10 · 22 Sept 2026Behind them: IGV, software, 9.2% below its $117.99.
• Nasdaq — a record print at 27,272, chips extend, software sold from its highs; AMD joins the trillion clubMidday 10 · 22 Sept 2026Software sold from strength: Intuit $288.58 (−5.1% from a $310.50 open), Adobe $240.12 (−3.8%, high $254.67), Salesforce $230.20 (−2.6%, high $242.42), Workday −1.9%, ServiceNow −1.5%, Microsoft $495.00 (−1.3%, high $508.50), Palo Alto…