Buy: Industrials (XLI 35.82) SPDR Index remains steady and upward

Defense, industrial products, industrial infrastructure, commercials building systems remain a dominant theme as displayed in the XLI Industrial Index. GE, HON, GD, EMR, DHR, TXT comprise the systems component of the index and continue to provide a stable upward bias despite flattening global economic perspectives. Recently breaking from a 4th quarter consolidation, the index is approaching the May '06 high (36.02).