Today's number is... 4

There are 4 S&P 500 sectors that now have their 50-day moving average above their 200-day moving average.

The latest? Communication Services.

Here’s the chart:

Let's break down what the chart shows: 

• The candlesticks show the price of the S&P 500 Communication Services Index.
• The blue line is the 50-day moving average.
• The red line is the 200-day moving average.

The Takeaway: The Communication Services sector doesn’t just matter — it’s home to some of the biggest stocks on the planet: Meta, Alphabet, Netflix. 

When it turns, the market feels it.

Its 50-day moving average just crossed back above its 200-day moving average.

A bullish signal some call a golden cross. 

Not a timing tool by itself, but a sign that trend conditions are improving.

Only three other sectors are in the same camp — and they’re all near highs.

These four sectors sit just 3.0% off their 52-week highs on average.

The rest? ...

Did you catch what happened with SRM Entertainment $SRM yesterday?

This little-known toy company just secured a $100 million investment from a private investor — and they’re using the funds to buy Tron $TRX, the cryptocurrency, effectively turning the company into a crypto treasury vehicle.

As part of the shift, they’re renaming the company to “Tron Inc.”, bringing on Tron founder Justin Sun as an advisor, and working with Dominari Securities, a brokerage firm reportedly linked to Eric Trump.

In other words, Tron is going public, using SRM as a backdoor listing, and positioning itself as a kind of “MicroStrategy 2.0”, but for TRX instead of Bitcoin.

And the market noticed.

SRM stock exploded over +530% on the day.

This is part of a growing trend:

• Struggling small-cap companies pivoting to crypto in a last-ditch attempt to revive shareholder value.
• Turning their corporate treasuries into speculative crypto bets.
• Tapping into the retail FOMO around digital assets.

Is this sustainable?

Almost certainly not.
 

...

The news cycle has taken a pessimistic turn in recent weeks, and in many ways, that’s justified.

Tensions in the Middle East are escalating, with Israel launching targeted attacks in Iraq. While our hearts go out to those affected, it’s crucial that we don’t let geopolitical shocks derail us from our long-term investment objectives.

As always, we follow market leadership.

And in 2025, that leadership hasn’t come from the United States, it’s been...

We’ve been waiting patiently for a leadership handoff in the metals market. 

It’s happening now.

Platinum and Palladium, the long-forgotten cousins of the precious metals complex, are waking up.

Just look at the charts.

Sign up for my free note here.

I’ve been flipping through charts all day — and man, things look great out there.

It’s wild how fast sentiment can shift these days. Just a couple days ago, people were panicking over geopolitical headlines. But honestly, that was just noise.

There’s always something out there to shake people out of good positions. 

But as technicians, our job is to tune out the noise, and just follow price.

Friday was just any old down day — nothing more. Today, markets came right back and ripped higher.

As I was going through some setups this morning, Steve messaged me: “It almost looks too good out here —...

I was joking with Patrick earlier, and I told him I buy every ticker he texts me these days. 

“Buy first. Ask questions later.” 

But I was just alluding to the fact that it seems like every bullish chart pattern is working out here. 

I talk to my friends about what I’m seeing and trading throughout the day, and many of us have been on the speculative growth train. 

It’s insane how well these junky stocks are working. And it’s a longer list of them every day. 

I know almost for a fact that a good deal of these are probably zeros over the long run. That doesn’t matter. 

What matters is that they are working now. 

It’s the kind of market to take shots on the crazy stuff. And we have been doing it more and more because we keep being rewarded.  

It’s...

Today's trade is in a name that has a very high short interest and is starting to put the squeeze on shorts. 

And if this stock completes its climb back to all-time highs, there will be a lot of juice to squeeze out of these shorts.

From the Desk of Steve Strazza @Sstrazza

Welcome to The Minor Leaguers.

We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

We expanded our universe to include some mid-caps.

Nowadays, to make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.

And it doesn't have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.

The same price and liquidity filters are applied. Then, as always, we sort by proximity to new...

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

1. No new positions today.
2. Rolling ARKK to August options.
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Every bull market has its squeezers — those pockets where certain stocks rip and shorts get absolutely smoked.

It’s all part of the game when traders are willing to take on risk.

Look at areas like quantum tech, new nuclear, or lately, space stocks.

These groups are prime spots where squeezes are either brewing or already in motion.

Over the past couple weeks, names in the Procure Space ETF $UFO have been catching our attention.

Here’s a cool visual we put together to break it down:

Names like $RKLB, $PL, $RDW, and $ASTS are standing out as leaders — showing strong relative strength and momentum as they distance themselves from the pack.

We’re seeing these show up in our Freshly Squeezed scan too — one of our favorite weekly reports.

This scan hunts for names with the right fuel and the right spark for explosive upside:

• High short interest...

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:

📌 Byline Bancorp $BY – The CEO and four directors filed Form 4s totaling $1.27 million. These types of cluster buys – especially when multiple insiders act at once – tend to be high-conviction bets. 

They usually believe the stock is undervalued and are positioning for higher prices.

📌 StoneX Group $SNEX – Chairman of the Board John Radziwill stepped in with a $119,000 purchase. 

Board purchases always catch our attention, but when a stock is trading near all-time highs after a parabolic advance, we pay extra close attention.

Here’s The Hot Corner, with data from June 13, 2025:

Click the table to enlarge it.

Adobe $ADBE is one of the most iconic names in creative software. 

It is the $167B powerhouse behind industry staples like Photoshop, Illustrator, and Premiere Pro.

But Wall Street isn’t cutting it any slack.

Despite delivering double beats in 8 straight quarters, this stock has been punished for 7 of its last 8 earnings reports.

Investors aren’t reacting to the numbers. They’re reacting to the narrative.

And that narrative has shifted.

The rise of AI-native challengers like Midjourney, Runway, and Stability AI has questioned Adobe’s dominance. 

Despite steady revenue growth and ambitious product updates, the market seems unconvinced that Adobe can defend its turf in this new competitive landscape.

In an environment where every software name is expected to show AI hypergrowth, “steady” isn’t cutting it.

The price action reflects that tension.

So what else did we learn from this earnings report? Let’s dive into the details.

*Click the image to enlarge it

Adobe had a -1.71...

Today's number is... 3

My Core Market Model has climbed to 3 — its highest reading since November 2024.

Here’s the chart:

Let's break down what the chart shows:

• The candlesticks in the top panel is the S&P 500 index price.
• The black line in the bottom panel shows the Core Market Model — a composite of breadth, liquidity, and sentiment.

The Takeaway: At 3, the Core Market Model is sending a clear message: internals are strong and strengthening.

When these inputs align, trend conditions tend to improve — and that’s what we’re seeing now.

Two weeks ago, the model flipped positive. Since then, it’s gained momentum — moving firmly into what I call the Constructive zone.

That’s where markets tend to behave better: pullbacks get shallower, trends persist, and volatility fades.

This isn’t guesswork. Over two decades of data, the Constructive zone has delivered the most reliable forward returns — with tighter drawdowns and less noise.

We’re not stretched. We’re supported. That’s what matters....

Short sellers are under pressure, and it’s starting to show.

They’ve been caught leaning the wrong way and are scrambling to unwind their bets.

That’s when we like to step in with our Freshly Squeezed strategy, right as the squeeze begins.

Here's our latest scan: 

As you can see, Phathom Pharma $PHAT, Tango Thera. $TNGX and AST SpaceMobile $ASTS are at the top of the leaderboard. 

Over the last 10 trading sessions, they've rallied 150.4%, 111.3%, and 66.3%, respectively.

The squeeze in Sezzle $SEZL is continuing to unfold. The stock is up nearly 60% since we bought it last month.

We also have tables sorted by short interest and days-to-cover.

Now let’s break down today’s setup and...

Every weekend, I dive into our insider activity tracker looking for the most interesting and bullish buys — and this week it was all about oil & gas!

Here’s the most notable activity:

The most eye-catching insider buy this week came from Plug Power $PLUG, where the CFO, Paul Middleton, filed a Form 4 disclosing a $672,035 purchase. 

With the stock struggling amid continued dilution and questions around profitability, this kind of size from the finance chief stands out. 

Only time will tell whether it marks a true bottom or not. But for now, it’s just not something we’re looking to buy.

Vitesse Energy $VTS is another one that stands out. The CEO stepped in with a $230K buy.

Over at AirSculpt Technologies $AIRS, director Adam Feinstein made a major move, scooping up $4 million in stock. 

Then there’s Bausch Health $BHC,...

Welcome to The Weekly Beat.

Last week was packed with market earnings reactions. 

We saw double beats, historic selloffs, and a $100B surge in market cap. 

Investors were forced to separate strength from weakness. 

And with several prominent names sitting at critical levels, the stakes are only getting higher. 

In this week’s recap, we’re covering the key reactions from last week and previewing the setups we’re focused on heading into next week.

• Monday:
  • Broadcom $AVGO reported a double beat and fell 5% on the news. This dip was quickly bought, and the stock closed the week at a fresh all-time high.
  • Lululemon $LULU posted a double beat and slipped 19.8% in response to it. This was the worst earnings reaction since 2017.
• Tuesday:
  • No earnings reactions in the...

Welcome back for another Top Down Trade of the Week. 

This one’s a classic leadership scan.

We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it. 

This week, Energy is the big standout—jumping to the top of our sector rankings. 

Healthcare and utilities also made a big move up on the leaderboard as growth sectors faltered. 

Here is a look at our overall industry rankings, which shows oil & gas cracking into the top 10.

It’s not a surprise to see it there—crude oil has been squeezing higher, posting its best week since October 2022.

That kind of price action tends to light a fire under energy stocks, and that’s exactly what we’re seeing.

Written Portfolio Update of the RoundUp10 and Starting 10 portfolios through June 13, 2025

Portfolio Update Through June 5, 2025

This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.