Last week, I got involved in Coinbase as a play on a new alt-season being on the cusp of breaking out. But Coinbase isn't the only brokerage with a chart that looks great.

Another one broke out to a post-IPO high today and I'm getting involved to broaden my exposure to this space.

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

1. New position in KRE (regional banks)
2. No adjustments since the last report.
3. Closed ARKK position.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

When it comes to retail dominance, few names carry as much weight as Costco Wholesale $COST.

For years, this company has been the gold standard for operational efficiency and customer loyalty. 

They thrive in both inflationary and deflationary environments. 

Whether consumers are stockpiling for uncertain times or looking for value in everyday essentials, it consistently delivers.

Membership growth remains steady, renewal rates are near all-time highs, and recurring revenue from fees continues to be one of the most underappreciated drivers of long-term value.

In the latest quarter, the company once again posted a double beat, and the market rewarded it with another move higher.

Despite broader concerns about slowing consumer spending, this business continues to prove it can grow, defend margins, and execute.

The market knows it. And the stock is acting accordingly.

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

*Click the image to enlarge it

Ulta Beauty $ULTA had the best...

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:

📌 Lionsgate Studios $LION – Former Treasury Secretary Steve Mnuchin, now Founder and Managing Partner of Liberty Strategic Capital, just stepped in with a monster insider buy, dropping nearly $50 million.

This brings the fund’s total stake in LION to roughly 15%. 

📌 Reynolds Consumer Products $REYN – Senior Vice President and Corporate Controller Chris Mayrhofer made a solid $514,000 purchase.

Here’s The Hot Corner, with data from May 30, 2025:

Click the table to enlarge it.

📌 Halliburton $HAL – Director Janet Weiss swooped in with a Form 4 for $169,000. This purchase comes as HAL trades at fresh 52-...

Today's number is... 1

We saw stage one of the breadth cycle... I’m now on the lookout for stage two.

Here’s the chart:

The Takeaway: First, I want to give a huge shoutout to Mike Hurley, who taught me this way to look at the stock market!

We recently saw stage one of the breadth cycle.

In my framework, that means Spring is here.

On May 12th, over 55% of S&P 500 stocks made 20-day highs. That’s a breadth thrust — the kind of signal we only see at major turning points. It marks the beginning of a new leg higher, not just for a handful of stocks, but across the board.

But first, a quick recap on how we define the breadth cycle.

I break the market into four seasons:

• Spring: The reset. It starts with a breadth thrust — shown as a green line in our chart.
• Summer: The uptrend and momentum strengthen. Breadth and leadership move together.
• Fall: A warning sign. An unusual spike in the 52-week lows marks the “first fall day” — the red line.
• Winter...

One thing I’m looking to do more of here at ASC is share some of the scans we’re running internally each week.

Our roots are in top down technical analysis. We do it better than anyone. And we share a lot of it, but we don’t share enough.

We’re literally running hundreds of ad-hoc scans each week. And we’re going to start giving one away every weekend.

This one is a clear and simple leadership scan, which is why I like it so much. This is the textbook top down approach. It doesn’t get any better.

We start with the best sectors, drill into the best subgroups, pick one, and then find the top stocks.

This week, Industrials stand out as a clear leader—second only to Tech, up nearly 9% in May, and the first sector to complete the V-shaped recovery and retest all-time highs.

Within Industrials, the...

We covered a lot of ground last week.

From some of the world's most important companies to small-cap Aerospace & Defense names, earnings season continues to give us plenty to chew on. 

Some stocks are following through to the upside after strong earnings reactions, while others are struggling with overhead supply.

In this week’s recap, we'll highlight the most important moves and where the next opportunities may be.

• Monday:
  • Intuit $INTU reported a double beat and closed at a fresh all-time high. The stock resolved a massive basing pattern, entering a brand-new primary uptrend.
  • Deckers Outdoor $DECK reported a double beat and was crushed for it. The stock resolved a textbook distribution pattern, entering a brand-new primary downtrend.
• Tuesday:
  • No S&P 500 earnings reactions, but we...

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

The SPDR S&P Retail ETF (XRT) closed the week up 0.5%, essentially unchanged. But under the surface, there's been a ton of action. 

Though it's been a couple of weeks since we've added to the portfolio, we've been plenty busy digesting a deluge of earnings reports and market reactions. 

Build-A-Bear Workshop (BBW) just rocketed to new all-time highs on the back of its report Thursday morning. We also heard from Dick's Sporting Goods (DKS) and Costco (COST) —both uneventful— as well as Abercrombie & Fitch (ANF), Macy's (M), e.l.f. Beauty (ELF), The Gap (GPS), and Shoe Carnival (SCVL).

Some of those names are in our portfolio, others are on our watchlist. So there's a lot going on. Sometimes it's better to let the dust settle before jumping into new positions. And that's what we've been doing. 

With this week serving as the final big retail earnings week—DG, DLTR, OLLI, FIVE, VSCO, LULU, PV, LE, and GIII all reporting—there will likely be plenty more fireworks. 

Here's...

Every weekend, I dive into our insider activity tracker looking for the most interesting and bullish buys — there’s always something good.

Here’s this week’s most notable activity:

The most notable insider activity this week came from Toyota Motor Corp, which dropped an additional $250 million into Joby Aviation $JOBY. 

That’s as big as it gets. When a global giant like Toyota is writing checks of that size, it demands our attention. 

Alfonso wrote a deep dive report on this theme recently, highlighting several trade ideas tied to Toyota’s growing portfolio of mobility investments.

Next up is Xerox Holdings $XRX, where multiple executives — including the CEO, CFO, President, and COO — all stepped in to buy. None of them bought too much, to be clear, but it still stands out. 

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.

The most significant development on this table is the dramatic shift in Uranium, represented by the $URA ETF.

On Friday, President Trump signed an executive order aimed at expediting approvals for new nuclear power plants. This move sent the Uranium ETF soaring, marking its best day in nearly three years, as it now attempts to break out from a massive multi-year base.

The nuclear theme has never been more pertinent, especially with the United States spearheading global advancements in artificial intelligence. The overwhelming demand for new data centers has created an urgent need for energy, and the U.S. is turning to nuclear infrastructure as a key solution to meet this demand.

If $URA manages to break above the $35 level, it would signal a strong potential for this sector to experience a substantial move upward.

The nuclear energy trade just got a massive jolt of energy.

Last Friday, Uranium stocks exploded higher after President Donald Trump signed executive orders to revitalize U.S. nuclear energy production.

The result? The VanEck Uranium & Nuclear Energy ETF $NLR had its best single-day performance since 2008.

But this move isn’t just about headlines. It's also about the strong fundamentals and technicals behind it.

The AI revolution is massively increasing global power demand, and everyone is turning to nuclear energy to scale their operations.

Top tech firms know this, and they’re investing heavily in small modular reactors (SMRs) and advanced nuclear infrastructure to power their data centers and server farms.

Meanwhile, geopolitical instability and the global push for energy security have made Uranium and nuclear development mission-critical for many countries.

That’s the story, and the market’s listening.

The VanEck Uranium & Nuclear Energy ETF holds the best names in the space, from heavyweights like Cameco $CCJ (~7%) and Constellation Energy $CEG (~8.7%) to fast-growing...

One of the things I love most about bull markets is how they try to include everyone.

Everyone is making money. 

Whether it’s growth stocks or value stocks. US stocks or international stocks. Gold or bitcoin. 

It’s all working and we’re all happy. The parties are better. You get the picture. 

And the reason this is true is because most risk assets participate in bull markets. 

Even the bad ones join the party eventually. 

And of course, we can always find bad stocks that are bucking the trend and falling, but I’m talking about subgroups and thematics. Most areas end up working.

At the end of a sustained bull market, the list of groups that didn’t go up will be very short. 

It’s a hallmark characteristic of the good times....

"Life's but a tale told by an idiot, full of sound and fury, signifying nothing" - Abercrombie and Fitch's stock.

I promised drama when the mall stocks reported. As usual, the Mall delivered in spades.

Gap disappointed in a way they didn't seem to understand and fell 20%. ANF crushed estimates, spiked $25 then fell 25% in the next 2 days, ending the week about flat. Both American Eagle and Foot Locker managed to miss estimates they'd already pre-announced within the last 3 weeks (Foot Locker while hitting the semi-Golden Parachutes since the company has already been purchased).

And Costco reported its umpteenth consecutive "solid quarter", rising slightly. Just to prove yet again that there's a yawning chasm between retail giants and the rugby scrum of retail happening everywhere else when it comes to reporting quarterly earnings.

What it all means and what I'm doing about it. The Week in Review:

If I had to trade just one setup for the rest of my career—only one—it would be this:

Buying simple long calls on stocks making fresh all-time highs.

That’s it.

Clean. Pure. Effective.

Sure, there would be stretches of time where this setup doesn’t work. I get stopped out, or the trade fizzles, or nothing on my watchlist is breaking out. That’s part of the game. But then—every so often—I catch a monster. The kind of move that can pay for weeks or even months of waiting.

That’s what makes it all worth it.

Here’s why I love stocks at all-time highs: There are no bagholders.

Nobody is underwater. Nobody’s stuck saying, “If it just gets back to my entry, I’ll sell.” Everyone holding the stock is making money. That’s bullish behavior fuel. When people are winning, they don’t typically hit the sell button—they let it ride.

And then there’s the other side: the shorts.

Every single person short a stock at all-time highs is losing. And the higher it goes, the worse it gets. That pain? It’s real. It forces action. Shorts start to cover, often in a panic, creating an additional...

From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 150 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It has all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.

The Hall of Famers is simple.

We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here’s this week’s list:

*Click table to enlarge view

We filter out any laggards that are down -5% or more relative to the S&P 500 over the trailing month.

Then, we...

More and more stocks are flirting with all time highs. Today's trade has all-timers in sight, as well as a possible Hundred-dolla-roll -- two things that make me incredibly bullish.