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Today was Crypto Friday on the Morning Show, and let me tell you—Ethereum absolutely stole the spotlight.

For years, ETH has been the “ugly duckling” of the crypto world, stuck in a sideways chop, underperforming everything else.

But this week, that could finally be changing.

The ETH/BTC ratio is bouncing off those key 2019 and 2020 lows—levels that sparked one of ETH’s best runs ever.

I can’t think of a more constructive sign for the entire crypto land than seeing ETH finally take charge and start to catch up.

It’s about time. If ETH is ever going to stop underperforming... it’s now.

That...

When we last checked in, Crude Oil futures were falling apart as they sliced through significant levels of support like butter. 

The breakdown wasn’t subtle. It was decisive and came alongside broad weakness in the entire commodity complex.

Now, the carnage is spreading.

This week, it’s not just energy commodities that are under pressure...

It’s also the stocks tied to them.

This ratio ($RSPG / $RSP) has been treading water in a sideways range for over two years. 

It has bounced from the same support level multiple times, but that level is now under serious threat. 

We’ve got a massive topping pattern on our hands. It's rounded, heavy, and on the verge of a confirmed breakdown.

One more leg lower, and Energy’s former leadership story gets completely erased.

But that’s just the beginning…

From the desk of Steve Strazza @Sstrazza

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We've also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It's got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let's dive in and take a look at some of the most important...

Stretch your legs and call this THE RE-AWAKENING TRADE. Implied volatility is through the floor in today's name, as traders have been bored to sleep on this former high-flier, making long-term calls cheap and a great potential reward-to-risk. 

Below is my weekly video for members of Macke's Retail Roundup. 

We've entered the retail portion of earnings season. This week I analyzed the reports and reactions from DIS and PTON, two consumer stocks I watch closely for different reasons. 

As usual, I also gave 3 names that are on my radar for potential additions to the portfolio, including when I'd buy them. 

In today’s Daily Digest, we’ll review the following:

1. New position in IBB.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Every day, we sift through the filings to spot where the real conviction lies — cutting through the noise to highlight the most meaningful insider moves.

Here's what stood out today:

📌 KKR $KKR – Director Robert Scully bought 13,250 shares, equivalent to $1.5 million.

This is the largest Form 4 of the day and a notable show of conviction.

📌 Caterpillar $CAT – Director David MacLennan disclosed a $120,000 buy, putting fresh skin in the game at this industrial bellwether.

CAT often acts as a leading indicator for the broader economy — and insider interest here could be telling.

Here’s The Hot Corner, with data from May 8, 2025:

Click the table to enlarge it.

📌 Solaris Energy Infrastructure $SEI – Millennium Management just...

Occidental Petroleum $OXY didn’t blow the doors off this quarter.

Results were mixed, with some revenue softness and a slight beat on EPS, but you wouldn’t know it from the tape.

Shares exploded higher, logging their best earnings-day reaction since 2011.

This kind of move stands out in a market that’s been punishing mixed results like this. 

It tells us one thing: positioning mattered more than the print. 

Investors were underweight, sentiment was washed out, and any whiff of stability sparked a violent unwind.

Energy’s been forgotten for months. But this might be the first sign that the tide is turning.

When a stock rips like this off mediocre numbers, it's not about what just happened...

It’s about what the market is starting to price in.

So what else did we learn from yesterday's earnings reactions? Let’s dive into the details.

*Click the image to enlarge it

Corteva $CTVA had the best reaction score...

Spec‑growth is alive and well, as more and more offensive names are taking center stage for the current rally.

We continue to find bullish themes in specific industry groups from cyber, to quantum computing, and space & exploration. 

Investors are reaching out on the risk spectrum, and we’re ready to ride these trends with them.

Nothing screams “risk-on” louder than small‑modular nukes feeding AI’s power appetite. 

I’ve been referring to this basket of stocks as the “new nuclears,” but they actually have some really cool science, not to mention- a secular trend, behind them.

Let’s dive in.

At the Index level, the Nuclear Energy ETF $NLR is shaping up and threatening to break out of a monster base. 

We’re here to make money.

That means we naturally focus on the strongest areas of the market. But there’s also valuable information—and opportunity—in watching the weakest.

When even the worst-performing groups can’t hold their breakdowns, it tells us market conditions might not be so bad after all.

Take the NexGen Economy ETF ($BLCN), for example.

It’s off to a rough start this year, down 22% YTD.

But here’s the kicker: it failed to hold its latest breakdown.

So what does it say when even the weakest thematic ETFs can’t break down?

Maybe the bears are losing their grip.

Take a moment to study this post ... https://bartscharts.com/2020/09/01/parabolic-moves/  there is a LOT going on but, basically, using geometry that we learned in Elementary/Middle school you will see the EXACT top on MO after a parabolic run.  Now, after this amazing run, we have a 'near perfect' SELL pattern.  It's ALL about balance, form and proportion.  How do you balance an emotionally fueled parabolic rally?  A corresponding THUMP that neutralizes the positive bullish mania. It HAS to be that way folks ... yin/yang, day/night, male/female, etc. etc.  It does and will balance!  For now, after the parabolic move higher and then the corresponding thump to balance the emotions we are now staring at a 'near' perfect SELL PATTERN.  Got to take this one folks ...Bart

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Everyone knows the Magnificent Seven — the giants that led the last few cycles and sit atop the market cap leaderboard.

They were the best investments of their time. 

One could easily argue they are the best stocks  of all time. 

But a new wave of leadership is emerging.

A fresh generation of growth companies are stepping up, poised to become the next global dominators.

These aren’t moonshot growth plays — they’re real businesses with solid revenue, scale, and strong momentum.

Call them the Successors, the Junior Mag 7 — whatever name sticks.

What matters is they have all the ingredients to lead...

I somehow found myself in Bangkok presenting to a room full of traders for a CMT event a few years ago.

I remember thinking how much I wanted them to like me…

And worrying that they wouldn’t because I had nothing positive to say about their local markets.

The charts were just so bad. There was no way around it.

The Thai Baht and the SET Index had just completed fresh tops. These trends were undeniably lower.

And this was really the case for all the Southeast Asian countries we visited.

Malaysia, the Philippines, and Vietnam were in the middle of some nasty downtrends too.

I wish I had better news for everyone, but instead it felt like I was going from city to city announcing bear markets all over Asia.

I’ll never forget it. I literally felt bad. The people I met out there were trading these markets....

In today’s Daily Digest, we’ll review the following:

1. New position in XLB.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Everyone's lost but me.

That's the first and most likely explanation for why I gave Peloton's quarter an A- and Wall Street took the stock out back and shot it.

I don't own Peloton shares because I was counting on an incremental 10c on EPS. Not this quarter. Not this year. I refuse to believe otherwise smart people would sell $PTON down 10% or more because of the EPS miss.

I didn't expect a lot of sales from hardware. If you want a Peloton bike you probably have a Peloton bike. Peloton also fired its head of Marketing in April. If you're new to investing in the consumer space here's a tip: No one fires their head of marketing a week before they report earnings because sales are going great. 

I wanted to see low Churn (1.2%... perfect). Strong Cash Flow ($96M from ops, so good (for them)) and ongoing cuts (TBH, and this also goes against the building consensus) I'd like to see more aggression on doing things like moving out of the retail stores (more on that below).

If Peloton is generating ~$100M / quarter and subs aren't leaving the company simply isn't a zero. It's a target. Works better as part of a streaming service or private or...

Peloton shares are down pre-market despite the company doing just about anything analysts could have asked from it.

Churn hit 1.2% despite a massive drop in marketing spend. As mentioned in the preview yesterday, if Peloton can retain the lucrative connected fitness subscribers (a decent proxy for customer satisfaction) and maintain disciplined spending you suddenly have a nice little cash flowing company with almost no built-in growth expectations.

A year ago then CEO Barry McCarthy resigned with the turnaround admittedly unfinished. Barry was smart and well-meaning but he was still clinging to the idea of Peloton has a growth company. A reset was needed and that's what Peloton has gotten.

Debt is down huge over the last year, cash flow has been positive 5 quarters in a row and Peloton is finally hinting at getting out of the stores which have been driving me quietly insane for years.

The call is starting but I wanted to get a note out. Barring something very bad from the company on the call Peloton is being punished for a quarter which is, at worst, an A- (Yes, Peloton is graded much easier than, say, Amazon).