Shall We Play a Game?

As we scout a corrective and, frankly, tired-looking market for relative strength outperforming issues, it strikes me as interesting that the aerospace/defense mid-cap play, KLX Inc., continues to act well.  

While big, bad Boeing (BA) gets most of the attention (understandable today due to earnings), KLXI is the more intriguing long play not just for its "War Games" exposure in case global tensions continued to rise, but also for its seemingly overlooked energy exposure: The firm is also a provider of services and products to the oil and gas exploration and production industry. 

More importantly for us, the daily chart, below, is looking prime with still roughly a month to go before earnings, especially over $76. 

Still, the "catch" to even these types of ideas remains the broad market action which continues to be less than inspiring for bulls. Even today, amid a drifting session it seems as though we have more traders rooting for a sharp rally than we have actual evidence of a sharp rally.