0. We love this ETF;
1. We have done very well since the end of March with this;
2. One of our best kept secrets;
3. $300 Entry, or whenever, and $400 all day long;
4. Top Holdings:
IT Services & Consulting14.98%
Toys & Juvenile Products1.09%
Business Support Services0.21%
Started with 2014/02/18, the cycles of software industry become more and more obvious: the cycle period is around 11 months.
From the figure, next drawdown may start at 2020/06. We can hold long positions of software/cloud stocks or ETFs before that.
The Software Sector is near a decision point.
Watch the Flag level next week. A close below that could take $IGV down to the long-term Shield trendline. A close above last week's high targets new all-time highs in IGV.