Notice that on the overall manufacturing index prices sold-off hard at the end of last year but have since rallied through resistance.
Farm and construction is rebounding and is approaching the 50 week SMA.
Diversified machinery has also broken through resistance levels.
Machine tools are already bouncing back.
Metal fabrication formed a reverse head and shoulders pattern and appears ready to move through the pattern's neckline.
Pollution treatment machinery has moved through key resistance levels as well.
Small tools stocks have moved through key resistance levels as well.
Traders are speculating there will be a big stimulus bill that will help all of these stocks -- at least that's my assumption.
