IGV analysis across reports

Software was one of the most beaten down groups in the last year. The entire move down it was failing to get above the 10-week. 4 weeks ago when it broke through the 10-week, it was the first real change in character. Since then we've started to see some software stocks make big moves on earnings and leaders start to show themselves. The character of software has changed and this is a top group I'll be watching outside of semis.

Rotation into software continues. This was a group that was beaten down a lot. Normally when you have a beaten down group start to lead its not good... but with tons of stocks in the group gapping up on good earnings and following through it changes the picture.

Continue to see good action and rotation into software. The biggest standout here is the amount of stocks that surprised on earnings and gapped higher into fresh new trends. One of my favorite fundamentals to look for is 3 quarters accelerating sales. A lot of these names with this are in Software. DOCN DDOG BB FTNT CRWD.

Compare this to Cybersecurity above, this chart is wide & loose, near lows, sloppy.

Wide & loose under highs.

Held its previous resistance so so far resistance to support flip and trading tight. Best acting group in growth and still looking constructive.

Looked like it was breaking down earlier in the week but closed looking like a shakeout and near highs.

Software held its pivot and has spent the past few weeks consolidating. That consolidating now makes any follow through more appealing in the group. Basing supports big moves.