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Posted April 16, 2026 at 3:25 am
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Software stocks are back in play.
It’s been a volatile few weeks — sharp selloffs followed by aggressive rallies. Big swings in both directions. The kind of price action that makes people uncomfortable.
But that’s exactly the point.
Extreme two-way volatility tends to show up near turning points.
Put it into perspective:
The last time Software had a week outperforming the S&P 500 like this… was 2002.
The last time it underperformed like this… also 2002.
That was the period when the market was carving out a major bottom after the dot-com collapse.
Was that the bottom or just a bottom along the way?
It doesn’t matter.
What matters is that this kind of violent back-and-forth action often signals the end of a directional move — in this case, the prolonged weakness in Software.
Now, when we zoom in, the short-term picture is starting to shift.
On Monday, $IGV just printed one of its strongest relative days versus the broader market.
That’s a clear momentum thrust — the kind you see when buyers begin to step back in.
To me, that suggests the worst is likely behind us, at least for now, and a bounce is underway.
And for swing traders, that’s all we need.
We trade what’s in front of us.
On Friday, I bought calls in $ORCL — the 5/15 $155s for $3.15.
By Tuesday those calls had traded up to $20.00, more than 500% in just two days. We took half off at a double and let the rest run.
Now we’re putting that capital back to work in a new setup that’s starting to develop.
Same process. Same playbook.
If you want the details on this next trade, you can join us today — risk free.
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Originally posted 15th April 2026
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