The industrial sector has a lot of moving levers and many are showing some extreme moves. The airlines via the JETS have just been a mess now flying at a low altitude off almost 30% from most recent 52-week highs, pun intended. The ETF has declined 11 of the last 13 weeks and is down another 1% this week heading into Thursday. Is this displaying the real health of the consumer, or is it a function of overall rising energy? Then we have the defense stocks, which have rocketed as conflicts arise around the globe. The ITA is up almost 6% this week so far and if that holds would be the best WEEKLY gain in almost one year. The fund has 3 of its top 10 holdings, in BA RTX and LMT, which have given the XLI a lift this week as they are also in the top ten of that major S&P sector ETF. BA is on a current 8-week losing streak and today was rejected at the very round 200 number. Culling through the industrials if one looks hard they can find leaders hovering close to their 52-week highs. This is where your hard-earned capital should be placed. A good start is the daily chart below of FERG which just broke above a bull flag. On its WEEKLY chart, it just broke above a long, nearly 2-year cup with handle pattern. Lots to like here.