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The YouTuber suggests buying the IGV ETF, which tracks the NASDAQ 100 software sector, due to a 'rubber band effect' where the sector has been heavily shorted and is now showing signs of a rebound. He notes that the ETF is bouncing off its 50-day moving average and holds 110 leading software companies, providing broad exposure to a sector he believes is oversold.
“The simplest way to play this is to buy the the index fund for example IGV. And again, I'm not telling you to buy it. I'm just saying seeing a similar pattern here. We've come up, we go gone gone down again. We're bouncing off. We're finding some support down here at the 50-day moving average line, which is a good thing.”