Similar to $MSFT the recent sharp correction in $ORCL failed to do damage to intermediate-term trends from '22 though momentum is still quite negative While i am encouraged about the possibility of a bounce out of the downtrodden Software group, i don't suspect this will prove easy given how sharply many corrected. Rebuilding in things that have been hard hit takes time and the degree to which many have come out of the woodwork to claim bottoms are in for SaaS names is a bit alarming. Furthermore, Software as a Group broke Long-Term support vs Equal-wgtd Technology going back since 2007. No Joke. Please re-read New Charts here from @IBDinvestors @marketsurge

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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