Taking The Elevator Up:
Although the industrials have never been the best major S&P sector on a YTD basis in at least 30 years, there are still plenty of very firm leaders within. In 2021 the airlines have been the best sub-sector, but I do not think of them as traditional industrial generals. But other names that are acting robustly in the space are LPX. It is extended, but one must admire its current 10-week winning streak, and all but one of them CLOSED in the lower half of the WEEKLY range. CSX is approaching the very round par number and the last 3 weeks all CLOSED very tautly, within just 1.03 of each other. SAIA has advanced nearly 200%. Below is the chart of OTIS, which began trading on its own nearly one year ago. Friday marked its first CLOSE above the round 70 number, and a move above 71 would be a break above a bull flag formation, which carries a measured move to 79.