"Bullish on $XLI: industrials uptrend majority + deep pullback — lift off suggests renewed relative strength."
He frames XLI as attractive when a majority of stocks are bullish—he cites 64% above his bullish threshold. After a deep pullback, he thinks the conditions are improving for an upside relative-strength move as it starts to lift off the current level.
"These Stocks May Be Ready for Their Next Big Move !"