XLB (Materials ETF) is printing a textbook monthly breakout—RSI and MACD are flashing synchronized signals that usually precede significant moves. The setup looks clean for a run toward 60 this year, possibly higher if momentum sustains.

Looking at the fund's top positions: LIN, NEM, CRH, FCX, SHW, ECL, NUE, VMC, MLM, and APD. These heavyweights are carrying most of the weight. If commodities continue their repricing cycle, you're essentially leveraged into that theme through this vehicle.

The inflection point is here—whether it holds will depend on broader macro conditions and whether sellers step in at resistance. But technicals suggest the path of least resistance is higher from current levels.