Posted 1/12/2024, 9:31:00 PM
Software Sector ETFs Offer Swing Trading Opportunities Amid Improving Market Breadth
- Market breadth improved in 2023, shifting focus to swing trading beyond "Magnificent Seven" megacap stocks
- IGV ETF provides targeted software sector exposure; XSW ETF offers equal-weighted, diversified software exposure
- XSW showed strength in late 2022 and presented a swing trading opportunity
- Taking profits along the way, XSW was exited as 2023 ended when it breached key support levels
- If market breadth returns in 2024, XSW may provide another swing trading chance