Sep E-mini S&Ps (ESU14 +0.21%) this morning are slightly higher by +0.13% on support from positive Chinese and Eurozone PMI reports and a +0.75% rally in the Euro Stoxx 50 index.

The Aerospace Industry Group has been one of the most rewarding industries and remains quite lofty. But fundamental valuations are way too high and my technical indicators are not holding up over the recent months.