AIRLINE ETF TURNS UP -- AIRLINE LEADERS ARE DELTA, ALASKA AIR, AND SOUTHWEST -- BOEING HAS A BREAKOUT DAY

AIRLINE ETF CLEARS JUNE HIGH... Airline stocks continue to gain more altitude and show stronger chart patterns.   Chart 1 shows the US Global Jets ETF (JETS) surging to the highest level since the spring.  The upper box shows its relative strength ratio rising to the highest level since June.  A number of airline stocks are also in uptrends.

DELTA, ALASKA AND SOUTHWEST AIR LEAD AIRLINE GROUP... The three airline stocks shown below are leaders in the group; and are shown in order of relative strength as measured by the StockCharts Technical Ranking System (SCTR) shown in their upper boxes.  All three airline stocks are trading well above their June highs.  Airline stocks are also boosting the industrial sector which is one of today's market leaders.   So is aerospace, and Boeing in particular.

BOEING BREAKOUT... In a strong aerospace group, Boeing is one of the day's biggest gainers in the Industrial SPDR (XLI) and is leading the Dow Industrials higher today;  it's also having a breakout day.   Chart 5 shows Boeing (BA) trading above its June intra-day high at 234.  That's a bullish breakout.  Its SCTR line in the upper box is also in an uptrend and sports a high relative strength ranking of 87.   That's another sign of strength.