Last week we touched on Aerospace & Defense $ITA as it was closing on new all time highs.
Today, the ETF successfully resolved to new highs and is a key industry group that is leading the U.S. market higher.
While the broad U.S. indices have struggled to recover all their recent losses, groups like Aerospace & Defense $ITA are paving the way higher for the remainder of the U.S market.
So long as ITA is above 160, the bias is to the upside.