Time to Buy the Software Dip? 🌤️ The Morning Print

Good morning! 

Software stocks are testing a key level where buyers could start stepping back in.

Here's the setup.

The software trade has been anything but a smooth ride, with whipsaws in both directions.

It dropped nearly 40% from last October through April, then ripped roughly 45% from April to June, only to fall another 20% in less than a month.

After all of that volatility, the software ETF is back at a former resistance level that now has the potential to become support.

One trend that has stood out is the constant intra-sector rotation within technology.

When semis are rallying, software has tended to pullback, and vice versa.

I'm watching to see whether that rotation continues or if both groups can begin moving higher together.

Are you buying this software dip?

If so, you have a clean level at $90 to define your risk.

The Green Light Live Event

There's a single 0-to-100 reading Grant Hawkridge checks before every trade, and it tells you whether the market is paying you to take risk or charging you for it. 

Today at 8 PM ET, he's walking through the exact 1-2-3 method behind it, live and free. 

Save your seat here.