iShares Expanded Tech-Software Sector ETF (IGV US) $US100.06

This huge $US16bn ETF currently holds 114 names with Oracle, Microsoft, Palo, Palantir, and CrowdStrike its largest 5 holdings. The ETF costs 0.39%, but importantly for local investors, it has $US exposure; a weak Greenback weighs on its performance for local investors. Over the last 3-months its gained +19%, compared to the ATEC’s +11%, but some of this outperformance has been offset by strength in the $A against the $US.

From a technical perspective, its stronger and clearer than the local ATEC ETF. Remembering at MM, we generally prefer to buy retracements in markets already going up.

• We see IGV ETF finding support around the $US100 area before pushing back towards its highs.