The industrials, which have been hyped up, took a precipitous decline last November after the election. One could say it was a bit puzzling as the new administration touted big infrastructure plans. But the market is always right, as it dictates PRICE action. But on the ratio chart below one has to admire how a possible double top is not happening. Perhaps it will, but applaud how it is not backing off presently like it did last November. The XLI is hanging tough on a YTD basis, as it is the fourth best major S&P sector actor, and Wednesday was the second strongest of 11. Two of the most highlighted in the top 10 of the ETF, are interesting here. BA, the fourth highest-priced stock in the Dow (PRICE weighted index), is just 6% off most recent 52 week highs after breaking above a cup base pivot of 244.18 on 3/10, up better than 6% in double average daily volume. GE, which was removed from the Dow in 2018, has doubled off last September’s low, recently touched its rising 50 day SMA, and is higher by more than 7% this week. HON and UNP are the top 2 components in the XLI that look strong technically and should provide that boost to break above the ratio chart below.