The top holdings of the XLI are spread out somewhat evenly compared to many of the other major S&P sector ETFs. The largest component in HON comes in at just above 4%. We will speak to UNP later, but that top 5 name gave the sector a big boost Wednesday. Below we take a look at the chart of BA which recorded a well-received earnings boost rising more than 8%. It was its third consecutive positive earnings reaction, albeit the last 2 rose less than 1%. The WEEKLY chart here shows a convincing break above a bull flag pattern pivot of 220, a level that the stock was above several times intraweek in 2020 but was never able to register a WEEKLY CLOSE above in 2023 thus far. The flag was formed during a 13 of 15-week win streak between last October and this January, and the formation was getting a bit long in the tooth but finally was taken out today. Friday finish is imperative to CLOSE above 220. If so over the next several months a likely path is 100 handles higher.