Travel & leisure stocks are particularly sensitive to geopolitical tensions and rising oil prices, as major cruise line stocks are at key support and potentially at risk of breakdowns. The Invesco Leisure and Entertainment ETF, PEJ, shows signs of long-term upside exhaustion, suggesting a corrective phase may persist for much of the year. Major cruise line companies like RCL, the largest cruise line by market capitalization, are testing weekly cloud support near $265. If RCL breaks this level decisively, it would reverse its cyclical uptrend in a long-time bearish development. Meanwhile, CCL tested cloud support just shy of $24 last week, and RCL's weekly MACD shifted negative last week increasing the risk of a breakdown despite near-term oversold stabilization. However, the daily charts suggest that the relief rally may keep hold for a week or two, allowing for a better exit. The same setup applies to the broader travel & leisure group. All opinions expressed by CNBC Pro contributors are not based on CNBC's opinions and are not intended to be considered considered financial, legal, tax or investment advice. The content is provided by Fairlead Strategies LLC for informational purposes only.