Waste Rising To The Top:
Within the diverse industrial group, heavy construction has been leading the way as many anticipate some infrastructure. Aerospace and defense names have been acting well in 2021. Airlines have been holding their own as the JETS ETF is now constructing the right side of a cup base, after a breakout above the same pattern that traded between the 21-24 numbers. One area of the industrials that does not get the attention it deserves is the waste and disposal services. It is a small group with the likes of WCN RSG and CLH. An attractive mid-cap play is AQUA that just broke above a cup with handle pivot that aligned with the round 30 number on 5/21 and has proceeded firmly higher from there. CVA exploded above a bullish inverse head and shoulders formation Wednesday. Below is the chart of best of breed name WM, and notice the good-looking bull flag. It is higher 10 of the last 14, and all 4 of the decliners fell less than .7%. This chart is far from wasteful.