US stocks are back leading
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
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