A different industrial tapeHere is the industrial specialist at Morgan Stanley's latest read on the diverse sector through the lens of pure price action. Forget earnings models and target prices for a moment—these are simply the charts that look strongest, weakest, or most vulnerable to a meaningful move in either direction right now. The message: early-cycle groups such as autos, materials, freight, and airlines are improving, while several crowded AI and electrical winners are beginning to look vulnerable.GE