The industrial group has been acting well in 2020, although on a YTD basis it is still in the red and lingering within the bottom half of the major S&P sectors. It is the seventh best major S&P sector group of 11, and now sits lower by 3% in 2020. The XLI still sits just off correction mode down 9% from most recent 52 week highs, and now trades a bit more than 1% above its prior break above a cup base pivot of 76.63 taken out on 8/10. The ETF is now back above its bearish dark cloud cover candle recorded the week ending 6/12 that fell 8% in the heaviest WEEKLY volume in 4 months. The fund has risen 4 of the last 7 weeks, with all four gainers rising at least 3%. There are some worrisome signs with the IYT is meeting resistance near the very round 200 figure Monday, and the JETS ETF fell 3% Monday, but the group overall is making healthy strides.