Airlines....
The S&P Airline Sector has been in a major slump for the last 2-3 years. For obvious reasons (including 9/11, reduced consumer flying, as well as carrier financials) the sector has seen stagnate money flow. Recent technical indicators might suggest something is about to happen. Take a look at the weekly chart above and you will notice that the sectors Bollinger Bands have been flat over the last couple of months, both on the top and bottom bands. This suggests that there is ample pressure from both the sellers and buyers. It is a tug of war to see who will win. Further analysis points to an increasing RSI. The latest dip in May-June has led to a bullish divergence. There has been strength in the downturn in question which is a major signal for a possible rally.

Some names to watch in this group are:

MAIR - MAIR Holdings Inc.
LUV - Southwest Airlines
MESA - MESA Air Group
XJT - ExpressJet Holdings Inc.  ¶ 12:03:00 PM