One of the best parts about building a trading community isn’t just sharing my own ideas—it’s seeing others take those ideas and make them even better.

Case in point: Yesterday, I closed out a call calendar spread in $AVGO for a solid win. The trade worked—price moved up into my strikes, and I took the profit. Mission accomplished.

But then a member of my All Star Options community shared what he did instead… and honestly, it might’ve been the better play.

Here’s what he wrote:

“I couldn’t bring myself to fully exit AVGO given the price action and breakout over the December highs, so I closed the short position, paid for it by selling a portion of the longs, plus enough more to put me in free ride mode, guaranteeing a 30% gain. What remains is currently double the buy-in for the original spread…”

Brilliant.

Instead of just locking in the profit like I did, he saw continued momentum and structured a creative way to both guarantee a gain and keep a position on for more upside—all while removing his risk....

(IYKYK)

I love finding stocks that are under the radar, but are starting to get noticed, quietly. That's what my team's Under the Hood report uncovers, and today's trade comes from the most recent release.

We're getting involved early, before the masses catch on and send this stock back to yearly highs, which would be a nice ride from here.

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

1. New position in ARKK
2. No adjustments since the last report.
3. Closed GLD campaign.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Latest Portfolio Updates!

Click here to see the latest breakdown of the RoundUp10 and HotMom Index.

The spread between valuations between classes of retailers has never been higher and shows no signs of contracting. The looming oligarchy in retail. 

Plus, 5 Below preview: Is this the most Tariff Exposed Company on Earth? 

Dollar General $DG is starting to look like one of the best turnaround stories in retail.

A few quarters ago, the stock was in freefall after posting its worst earnings reaction in history. 

The Q3 2024 report was a wake-up call. Margins were under pressure, comps were deteriorating, and execution had faltered.

But fast forward to today, and the narrative is shifting.

The company delivered a double beat this quarter and rallied nearly +16%, marking its best earnings reaction ever.

A stock left for dead just eight months ago is now stringing together three consecutive positive earnings reactions.

Under new leadership, they are starting to repair investor confidence. 

They are focused on improving inventory efficiency, stabilizing margins, and reconnecting with their core low-income consumer.

The market is taking notice.

The story isn’t just about repairing a broken business. 

It’s about re-earning trust from investors. So far, Dollar General is doing precisely that.

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

Today's number is... 120

It took 120 trading days for the Dow Jones US Software Index to claw its way back and close at a fresh all-time high.

Here’s the chart:

Let's break down what the chart shows:

The black line shows the price of the Dow Jones US Software Index.

The Takeaway: The Dow Jones U.S. Software Index just closed at a fresh all-time high.

Software stocks have been stuck for months. For nearly half a year, the index chopped sideways after falling more than 23% from its December 2024 peak.

After 120 trading days of going nowhere, the index has returned to where it left off, and now it looks ready for the next move higher.

When software stocks lead, it tells us investors are taking on more risk. They’re putting money to work in growth and innovation again. 

This doesn’t happen in weak markets.

And this isn’t being driven by small speculative names.

Microsoft, the second-largest stock in the S&P 500 with a $3.4 trillion market cap, is less than 1% away from all-time highs.

Intuit, worth $213...

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:

📌Sharplink Gaming $SBET – Both the CEO Rob Phythian and CFO Robert DeLucia filed Form 4s, purchasing a combined $300,000 worth of stock as the company makes a shift from gambling to digital asset treasury strategies. 

The stock is up over 2,500% since the announcement of an Ethereum treasury strategy similar to the Bitcoin strategy adopted by Michael Saylor’s Strategy $MSTR. 

📌 ProFrac Holding Corp $ACDC – Director Wilks Farris stepped in with a monster purchase for $2.3 million worth of his company’s stock.

Here’s The Hot Corner, with data from June 3, 2025:

Click the table to enlarge it.

📌 Flywire Corp $FLYW –...

Large-cap stocks remain firmly in the lead across U.S. markets, while small caps continue to underperform.

This divergence is clearly illustrated in the accompanying table, where small-cap indices are uniformly in the red, in stark contrast to the strong green posted by large-cap benchmarks.

The breakdown in the $IWM/$SPY ratio underscores this trend, with small caps continuing to lose ground relative to their larger counterparts.

While some interpret the underperformance of small caps as a broader economic signal, the more actionable takeaway lies in identifying where the most attractive investment opportunities reside.

Over the past decade, investors have consistently been rewarded for focusing on large-cap names. That pattern continues today, fueled in part by renewed strength in growth-heavy sectors dominated by mega-cap stocks.

In this market, large caps remain the place to be.

Sign up for my free note here.

The market bottomed in April and hasn’t looked back. 

The V-shape recovery scenario is playing out — and stocks are delivering across the board. 

We saw the signs early — momentum thrusts, rotation into risk-on areas like tech and industrials, international expansion. 

These things made us confident we’d seen a valid reversal. 

And now we’re seeing the natural next step: continuation patterns breaking out. ...

From the desk of Steve Strazza

Have you ever heard of the Nokkie-Stokkie?

It’s forex trader lingo for the Norwegian Krone/Swedish Krona… and right now this obscure cross is setting up for a classic failed breakdown.

After undercutting key support in early May, it’s snapping back toward this level now. And with each passing day, it’s looking more and more like a bear trap.

We’re not just writing about this unheard-of FX pair to amuse you. Believe it or not, the currency pair carries valuable insights.

It’s one of our most trusted intermarket energy whisperers.

So it's no surprise the scoop-n-score setup in the NOK/SEK looks almost identical to the one in Crude Oil Futures:

Crude is working on its own bear trap — carving out a tactical reversal pattern just below a shelf of former support.

...

Thanks to everyone who joined us for the June 4 Hot Corner Insider Weekly Strategy Session.

This post was originally for paid members only. It has since been unlocked for informational purposes and does not constitute financial advice.

If you want access to these trades in real time, sign up risk-free today!

Financials have gone nowhere since May 12..

Under the surface, many of these names are coiling in tight ranges—building energy for their next move.

That includes the banks.

I’ve got my eye on Citigroup $C, which stands out as one of the cleanest setups in the group right now.

Price is consolidating at a key resistance zone, and with volatility compressing, I think this coil could pop and deliver quick gains.

This is an extra-short term setup, similar to PLTR off the April lows. We’re just betting on a bull flag resolution being...

EFA has multiple confluent projections and extensions in the 89-93 area.  This should prove to be major resistance for now.  Additionally, take note of the blue highlighted 3 drives to a top pattern.  The key to this pattern - note the 'time' component between the drives.  The time and price symmetry is very nice.  If we make it thru the top of the sell pattern range (approximately 94) then expect price to target in/around 100 which represents the top of the trend channel denoted by the dashed grey trendlines.

In trading, most of us chase systems, setups, signals, and edge. And while all of those matter, they pale in comparison to this one truth:

We don’t see the market as it is—we see it as we are.

Every chart we analyze, every trade we take, every hesitation we feel… it’s all colored by our own internal filters: our fears, hopes, beliefs, memories, and projections.

What we think is a battle with the market is often just a conversation with ourselves.

This is the Inner Market.

And if you’ve ever wondered why it’s so hard to “just follow your plan,” or why you keep making the same mistakes even when you know better—it’s probably not because of your strategy. It’s because of your relationship with yourself.

That’s why I’m incredibly excited to be hosting a live conversation with Andrew Menaker, PhD—a renowned trading psychologist who’s spent many years working with professional traders to help them build self-awareness, self-trust, and psychological resilience.

Trading Psychology = Know Thyself + Be Thyself + Accept Thyself

This isn’t just philosophy—it’s the core of consistent...

Last weekend Barron's suggested it had the fix for what ails Target. In a piece harkening back to May's "Target Fails. Again" piece, Barron's said Target needs to unlock merchandise, get better in-stock levels, get out of the DEI business, and invest more in the infrastructure to make the Internet business profitable. 

It might be more simple than that. Click the Link and I'll explain how to tell Target is broken right when you walk in the door.

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

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

Let’s dig in!

From the Desk of Steve Strazza @Sstrazza and Ricardo Sarraf @nullcharts

When investing in the stock market, we always want to approach it as "a market of stocks."

Regardless of the environment, there are always stocks showing leadership and trending higher.

We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.

The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too. 

We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.

We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics. 

Clearly, we spend a lot of time identifying and writing about leading stocks every week, via...

There weren’t any S&P 500 earnings reactions yesterday…

But one recent move continues to stand out.

Toast $TOST is quietly becoming one of the most compelling growth stories in the entire software space.

Originally built to serve restaurants, the company is scaling far beyond its roots.

This $25B vertical SaaS giant is modernizing one of the economy's most fragmented and underserved industries.

They're transforming how restaurants manage everything from point-of-sale and payroll to online ordering, delivery, and inventory.

It's building the operating system for the restaurant industry.

The total addressable market is enormous. And they're just getting started.

After years of unprofitability, the company has flipped the script. 

They have turned EBITDA positive, and top-line growth is accelerating. 

The market is taking notice, rewarding the stock for 5 of its last 6 earnings reports. 

On a relative basis, it's becoming a clear leader in the software space.

This is no longer a turnaround story.

It’s a breakout story.