Software stocks are gaining momentum in the technology sector, suggesting they could be a new leader in tech. The iShares Expanded Tech-Software Sector ETF (IGV) is long-term oversold and is in a secular bull trend, supported by the monthly cloud model. This suggests that the software sector is now a new source of positive technical catalysts. Despite a six-month correction, IGV is expected to build on its recent gains. The ratio has dual counter-trend signals suggesting that the trend of underperformance for IGV versus the SPX is overdone. Despite these setbacks, short-term momentum is expanding and there is room for major resistance at the weekly cloud model, near $97.