Software Sector's Last Hope Earnings Reports Eyed for Market Bounce

Eat My Shorts Software Sector Slump

Ay caramba Springfield's resident market guru Bart Simpson here reporting live from my treehouse of horror… I mean finance. Turns out even software companies are feeling the 'doh' of the market these days. This iShares Expanded Tech Software Sector ETF (IGV) which sounds like something Lisa would invest in is down almost 30%. Thirty percent. That's like losing all my Krusty Burger money. Investor Jay Woods is saying there's a chance for a rebound with these earnings reports from Applovin Datadog and Unity Software. Sounds like a bunch of names Milhouse made up but hey maybe they can save the day.

Cowabunga Catalyst Earnings to the Rescue

So Woods is saying these earnings reports could be a 'positive catalyst'. That's like saying Principal Skinner admitting he's wrong—rare but not impossible. Datadog's reporting Tuesday and Applovin and Unity on Wednesday. Apparently if the IGV can stay above the $80 $77 range it might be worth a 'nibble' for us swing traders. I’m more of a swing from the tree branch trader but I guess I could try it. Just remember if it goes south don't blame me. I'm just a kid. Speaking of important market moments have you seen Panama Canal Power Play Trump Card Upends China's Port Dreams. Now that's a power play I'd like to see played out at the school yard between me and Nelson.

Cisco's Chance Duffman Says 'Oh Yeah'

Cisco's also reporting Wednesday and if it can break $85 Woods says it could be a breakout. Breakout! Now that's something I understand. Like breaking out of detention. If it does maybe even I'll invest. But only if they promise to make all their routers Bart proof.

The Dow 50000 Hangover Existential Dread

Apparently everyone's still talking about the Dow hitting 50,000. Sounds like a lot of zeroes. I'm more worried about what's going on with Robinhood. That's the app Milhouse uses to try and get rich quick schemes.

Jobs Data and CPI Who Cares Man

And finally we've got jobs data on Wednesday and CPI on Friday. It’s stuff that would probably bore even Lisa. That’s all for now. Bart Simpson signing off. Don't have a cow man.

Risk Tolerance 101 For Dummies

Woods cautions that this whole software sector bounce thing is only for those with "risk tolerance." Basically he is saying it's like betting all your allowance on a rigged carnival game. I am experienced with that so I guess I qualify. So if you're gonna dive in make sure you're ready to lose it all or as I like to say "I'm Bart Simpson who the hell are you?"