World markets bottomed on Spetember 2022 and during the recovery, European stocks 
FEZ outperformed US stocks 
DJI for 9 months
Nos, for the last 3 months, US stocks are back in the leadership as the DJI/FEZ ratio broke its downtrend back in April; just weeks before theFEZ broke its trendline
That is why relative strength is so important, sometimes gives leading signals
And for the last 3 months, energy
XLE has been the leading sector, with coal being the ledading industry, the thing is that stocks like 
CEIX, 
AMR and 
NRP are already extended
Let's wait for a base formation in these leading stocks
FEZ outperformed US stocks DJI for 9 monthsNos, for the last 3 months, US stocks are back in the leadership as the DJI/FEZ ratio broke its downtrend back in April; just weeks before the
FEZ broke its trendlineThat is why relative strength is so important, sometimes gives leading signals
And for the last 3 months, energy
XLE has been the leading sector, with coal being the ledading industry, the thing is that stocks like CEIX, AMR and NRP are already extendedLet's wait for a base formation in these leading stocks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.