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 the
FEZ
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 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 the
FEZ
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