I’ve been on an absolute tear this year. 

With the Breakout Multiplier strategy, I’ve had at least one 10X winner each and every month.

I’ve been looking through our recent trades and journaling on them, which is something I do every couple of weeks. 

I thought I’d share my findings and review how these outlier trades played out. Let’s start from the beginning.

I started the year with one of our favorite stocks—$HIMS.

Price was coiling, momentum was building, and I pounced at the end of January.

I bought the Mar 21st $40 calls. They doubled in 8 days and eventually ran for +1727%.

Last week, we highlighted the short-term breakout in crypto stocks.

As money has rotated back into U.S. markets and growth names, crypto-related equities have been clear beneficiaries — just look at the sharp, bullish run they’ve put in over the past few weeks.

But now, much like Technology ($XLK), which we discussed yesterday, Bitcoin ($BTC) is approaching a key resistance level after an impressive move higher.

This is a logical spot for recent gains to consolidate — a breather here wouldn’t be surprising before any potential breakout.

The strength of this rally has already revealed a lot about which assets are likely to lead once markets clear their tariff-driven highs. But in the short term, these resistance levels deserve respect.

Here's the replay and chartbook from the May 22 Weekly Strategy Session.

Be sure to join us on Thursday mornings and maximize your return potential.

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

1. New position in USO.
2. No adjustments since the last report.
3. Closed XOP position.
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:

📌 Trimas Corporation $TRS - Director Shawn Sedeghat just filed a massive Form 4 for $9,168,924. 

📌 Piper Sandler $PIPR - Director James Baker came in with a $534,640 Form 4. This purchase comes as the IB titan trades at a near 40% discount from its 52-Week highs. 

Here’s The Hot Corner, with data from May 21, 2025:

Click the table to enlarge it.

📌StepStone Group $STEP - Israel Englander’s Millennium just upped its stake from 3.91% to 5.10% per a 13G filing. This purchase comes as the stock attempts to reclaim its prior-cycle highs.

📌 Black Stone Minerals $BSM - Chairman, President, and CEO...

Palo Alto Networks $PANW delivered another double beat this quarter, topping revenue and earnings expectations.

However, the market slammed the stock by nearly 7% instead of rewarding the results.

This marked the 5th time in the last 7 quarters that the stock has been punished for its earnings report.

That kind of streak tells you everything you need to know.

Despite solid growth, the reaction suggests investors are losing patience. 

Concerns over slowing billings growth, rising competition in cybersecurity, and a general lack of upside guidance are weighing heavily. 

A good report isn't enough when you add valuation sensitivity in a jittery tech tape.

At this point, the fundamentals aren’t the problem...

Expectations are.

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

*Click the image to enlarge it

Keysight Technologies $KEYS had the best reaction score...

Today's number is... 20

Yesterday, we saw the S&P 500 close down 1.6%. This marks the 20th time this year that the index has declined by 1% or more in a single day.

Here’s the table:

Let's break down what the table shows:

The first column represents the year, while each subsequent column indicates the number of large down days for that year, ranging by declines of 1%, 2%, and 3% or more and total count.

The Takeaway: That’s the 20th time this year it has fallen by 1% or more in a single day.

It sounds like a lot, but it’s not unusual. Since 1950, the average year has about 25 of these moves. So we’re still below that.

Still, 20 is a good point to pause and ask: Is this normal volatility, or something more?

If there were real fear, we’d likely see huge spikes in the VIX or credit spreads. So far, we haven’t.

Volatility is part of any market, even in strong years. But price tells the story. A few isolated drops don’t mean much. A cluster of them might.

If we start seeing five or six of these in a short time, that could signal a...

I don’t know much about Peru, outside of the fact that they make some great ceviche.

But I’ve been thinking about the country a lot today.

MSCI Peru $EPU was on a short list of international ETFs that made new highs today.

At first, I was puzzled by this. It was a sea of red out there. Everything got hit. Not just in the US, but across the globe. 

Then I looked at the funds holdings and realized how it happened. EPU is basically a big basket of metals stocks. 50% of the fund is invested in materials. 

Here it is resolving higher from a multi-year base:

Gold and silver miners were the only stocks that worked today. Both of the shiny metals look fantastic, and I think silver is just breaking out now. 

EPU’s exposure to...

Last week, we highlighted the failed breakdown in Technology ($XLK) relative to the S&P 500 ($SPY). Since then, XLK has rallied nearly +8% to close out the week.

This kind of pattern has been a hallmark of the broader bull market — breakdowns that don’t stick often lead to sharp reversals higher.

So the question now is: are we witnessing the start of another leg of outperformance from tech?

On a relative basis, it looks promising. But on an absolute basis, the picture is more nuanced.

XLK has surged +25% over the past month in a near-vertical move — and it’s only now running into potential resistance. A pause here to digest recent gains would be perfectly normal.

While the recovery in U.S. markets has been impressive, chasing strength at these levels isn’t our preferred play.

Instead, we’re watching closely to see how key indices react to what appear to be critical resistance zones.

From the desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

In this scan, we look to identify the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega cap status (over $200B).

Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.

But the scan doesn't just end there.

We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.

Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.

When you look at the stocks in our table, you'll notice we're only focused on Technology and Growth industry groups such as Software, Semiconductors, Online...

The Canadian dollar is catching a bid. 

And while the CAD rarely grabs headlines like the euro, pound, or yen, it’s no backbencher—it makes up 9% of the US Dollar Index $DXY, just behind the big three.

It flies under the radar of most investors, and I think that’s a big mistake.

Here’s why.

After years of sliding, the CAD/USD rallied off a major level of support near 0.68—a level that’s marked key turning points in both the currency and Canadian stocks for over a decade.

This bounce looks small now, but it matters.

We’ve talked a lot about how EM currencies tend to drive their respective stock markets. When a “peso” rallies, local equities tend to follow. That effect is stronger in emerging markets because of the heavier reliance on USD funding and the volatility of the currencies there.

Canada, on the other hand, has deep, liquid capital markets, a resource-heavy economy, and two major stock...

Thanks to everyone who joined us for today's Hot Corner Insider Weekly Strategy Session.

It's been awhile since I've talked about one of my favorite setups: The Hundred-Dolla-Roll!

Stocks that are making fresh-all time highs above $80 per share tend to run to $100. Not all in one day. But the tractor beam, magnet, whatever you want to call the collective market mindset that is responsible for moves just seems to pull stocks to that big, round, sexy number.

Markets and prices are driven by humans (and the algorithms we write), and human behavior is sometimes so predictably reliable.

We've got a trade today that is taking advantage of this reliability.