Jan. 25 at 9:16 PM
Industrials have been on the ascent for several months as rotation into this sector has solidified. This group’s continued ascent could be confirmed with good earnings from three large industrials reporting this week: Boeing, GE Verona, and Caterpillar. Three different stories though and three differently shaped ascents for the past 12 months. Both of Boeing’s primary customers (airlines and military) are showing no signs of slowing spending. It showed a dip during the US Government shutdown but since has printed a steady series of white candles that point to steady institutional accumulation. GE Verona is linked to the AI data center power shortfall story and exhibited a steady ascent in the six months after "liberation day” followed by stair stepping on top of its Kijun-sen. Caterpillar benefits from many reindustrialization themes: construction, data center, energy, infrastructure, and mining to name a few. Caterpillar has seen a steady ascent ever since “liberation day” riding its Tenkan-sen. Despite these divergent paths and catalysts,
$BA ,
$GEV , and
$CAT share a critical technical commonality: all remain positioned above their weekly Ichimoku Clouds and above their Tenkan-sen, reinforcing the view that the industrial sector’s leadership remains structurally sound.
