dpuleo19

US stocks are back leading

AMEX:FEZ   SPDR DJ Euro STOXX 50 Etf
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






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