{"id":241611,"date":"2026-04-16T03:25:30","date_gmt":"2026-04-16T07:25:30","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=241611"},"modified":"2026-04-21T03:52:12","modified_gmt":"2026-04-21T07:52:12","slug":"chart-advisor-turns-out-software-isnt-dead","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-turns-out-software-isnt-dead\/","title":{"rendered":"Chart Advisor: Turns Out Software Isn\u2019t Dead"},"content":{"rendered":"\n<p><em>Investopedia is partnering with All Star Charts on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-turns-out-software-isn-t-dead\"><strong>Turns Out Software Isn\u2019t Dead<\/strong><\/h2>\n\n\n\n<p>Software stocks are back in play.<\/p>\n\n\n\n<p>It\u2019s been a volatile few weeks \u2014 sharp selloffs followed by aggressive rallies. Big swings in both directions. The kind of price action that makes people uncomfortable.<\/p>\n\n\n\n<p>But that\u2019s exactly the point.<\/p>\n\n\n\n<p>Extreme two-way volatility tends to show up near turning points.<\/p>\n\n\n\n<p>Put it into perspective:<\/p>\n\n\n\n<p>The last time Software had a week outperforming the S&amp;P 500 like this\u2026 was 2002.<\/p>\n\n\n\n<p>The last time it underperformed like this\u2026 also 2002.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"541\" src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/fc3fdf2997cb472aab1ff1ffe078b54f-image-2026-04-15t090120572-1100x541.avif\" alt=\"\" class=\"wp-image-241612\" srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/fc3fdf2997cb472aab1ff1ffe078b54f-image-2026-04-15t090120572-1100x541.avif 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/fc3fdf2997cb472aab1ff1ffe078b54f-image-2026-04-15t090120572-700x344.avif 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/fc3fdf2997cb472aab1ff1ffe078b54f-image-2026-04-15t090120572-300x148.avif 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/fc3fdf2997cb472aab1ff1ffe078b54f-image-2026-04-15t090120572-768x378.avif 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/fc3fdf2997cb472aab1ff1ffe078b54f-image-2026-04-15t090120572-1536x756.avif 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/fc3fdf2997cb472aab1ff1ffe078b54f-image-2026-04-15t090120572.avif 1878w\" sizes=\"(max-width: 1100px) 100vw, 1100px\" \/><\/figure>\n\n\n\n<p>That was the period when the market was carving out a major bottom after the dot-com collapse.<\/p>\n\n\n\n<p>Was that the bottom or just a bottom along the way?<\/p>\n\n\n\n<p>It doesn\u2019t matter.<\/p>\n\n\n\n<p>What matters is that this kind of violent back-and-forth action often signals the end of a directional move \u2014 in this case, the prolonged weakness in Software.<\/p>\n\n\n\n<p>Now, when we zoom in, the short-term picture is starting to shift.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"541\" src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/6c67ae74331e4f0a9b5bd8821024102b-image-2026-04-15t090123841-1100x541.avif\" alt=\"\" class=\"wp-image-241613\" srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/6c67ae74331e4f0a9b5bd8821024102b-image-2026-04-15t090123841-1100x541.avif 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/6c67ae74331e4f0a9b5bd8821024102b-image-2026-04-15t090123841-700x344.avif 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/6c67ae74331e4f0a9b5bd8821024102b-image-2026-04-15t090123841-300x148.avif 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/6c67ae74331e4f0a9b5bd8821024102b-image-2026-04-15t090123841-768x378.avif 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/6c67ae74331e4f0a9b5bd8821024102b-image-2026-04-15t090123841-1536x756.avif 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/6c67ae74331e4f0a9b5bd8821024102b-image-2026-04-15t090123841.avif 1878w\" sizes=\"(max-width: 1100px) 100vw, 1100px\" \/><\/figure>\n\n\n\n<p>On Monday, $IGV just printed one of its strongest relative days versus the broader market.&nbsp;<\/p>\n\n\n\n<p>That\u2019s a clear momentum thrust \u2014 the kind you see when buyers begin to step back in.<\/p>\n\n\n\n<p>To me, that suggests the worst is likely behind us, at least for now, and a bounce is underway.<\/p>\n\n\n\n<p>And for swing traders, that\u2019s all we need.<\/p>\n\n\n\n<p>We trade what\u2019s in front of us.<\/p>\n\n\n\n<p>On Friday, I bought calls in $ORCL \u2014 the 5\/15 $155s for $3.15.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"541\" src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/efdb85e1de1a4ca990e3c534a76024f0-orcl-fomo-a-1-1100x541.avif\" alt=\"\" class=\"wp-image-241614\" srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/efdb85e1de1a4ca990e3c534a76024f0-orcl-fomo-a-1-1100x541.avif 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/efdb85e1de1a4ca990e3c534a76024f0-orcl-fomo-a-1-700x344.avif 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/efdb85e1de1a4ca990e3c534a76024f0-orcl-fomo-a-1-300x148.avif 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/efdb85e1de1a4ca990e3c534a76024f0-orcl-fomo-a-1-768x378.avif 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/efdb85e1de1a4ca990e3c534a76024f0-orcl-fomo-a-1-1536x756.avif 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/04\/efdb85e1de1a4ca990e3c534a76024f0-orcl-fomo-a-1.avif 1878w\" sizes=\"(max-width: 1100px) 100vw, 1100px\" \/><\/figure>\n\n\n\n<p>By Tuesday those calls had traded&nbsp;<strong>up to $20.00, more than 500%<\/strong>&nbsp;in just two days. We took half off at a double and let the rest run.<\/p>\n\n\n\n<p>Now we\u2019re putting that capital back to work in a new setup that\u2019s starting to develop.<\/p>\n\n\n\n<p>Same process. Same playbook.<\/p>\n\n\n\n<p><br>If you want the details on this next trade,\u00a0<strong><a href=\"https:\/\/www.stockmarketmedia.com\/premium-services\/get-breakout-multiplier?hid=90d17f099329ca22bf4d744949acc3331bd9f9f4&amp;did=23048541-20260416&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=041626#checkout\">you can join us today \u2014 risk free.<\/a><\/strong><\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally posted 15th April 2026<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investopedia is partnering with All Star Charts on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only. Turns Out Software Isn\u2019t Dead Software stocks are back in play. It\u2019s been a volatile few weeks \u2014 sharp selloffs followed by aggressive rallies. Big swings in both directions. The kind of price [&hellip;]<\/p>\n","protected":false},"author":186,"featured_media":241612,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[14,16727,18,6,8,9,22,23,26,3],"tags":[5418,3792,910,262],"contributors-categories":[13686],"class_list":{"0":"post-241611","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-etfs","8":"category-etps","9":"category-macro","10":"category-north-america","11":"category-region","12":"category-securities","13":"category-stocks","14":"category-technical-analysis","15":"category-text-articles","16":"category-traders-insight","17":"tag-igv","18":"tag-orcl","19":"tag-sp-500","20":"tag-spy","21":"contributors-categories-investopedia"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chart Advisor: Turns Out Software Isn\u2019t Dead<\/title>\n<meta name=\"description\" content=\"Software stocks are back in play.It\u2019s been a volatile few weeks \u2014 sharp selloffs followed by aggressive rallies. 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