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

1. New position in Gold Miners.
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!

Gap shares are getting smoked by 20%(!) early Friday after the company Beat by too little and Guided to not enough. 

Time to Buy or Bail?

Let's break down the quarter and figure it out... 

I’ve been tracking insider transactions for the past three years.

I’ve learned a ton along the way.

From Form 4s and 13Ds/Gs to political filings—hedge funds, the C-suite, you name it. 

There are a million reasons insiders sell: paying for a wedding, getting divorced, buying a house, taking a vacation. But there’s only one reason they buy. And that’s because they think the stock’s going up.

I’ve seen it all—from Nancy Pelosi riding the Mag 7 wave, to CEOs and CFOs stepping in during selloffs, and top hedge funds putting serious skin in the game. We cover all these different insiders. 

Sometimes there’s something there. Sometimes there’s not. 

This morning, we got a big one. I woke up to a monster Form 4 from Toyota Motor showing a $250 million investment in Joby Aviation $JOBY.

Joby’s building electric aircraft for urban air...

With the markets starting to act a bit more “normal” again—whatever that even means anymore—I’ve been feeling more willing to put some risk on.

And when I say “put some risk on,” I don’t mean getting reckless. I mean firing my favorite kind of shot: long calls.

That’s my go-to trade when conditions line up. Simple, directional, defined risk, and explosive when it works.

And this week, the setups were speaking loud and clear. So I took action.

Here’s where I pulled the trigger:

A Canadian Bank – Clean technical setup, strong trend, and some fresh momentum behind it. No need to overcomplicate it.

A Crypto Platform – Bitcoin strength continues to be a rising tide, and this name was well-positioned to benefit.

An Agricultural Business...

Nvidia $NVDA keeps solidifying its position as the kingmaker of the AI boom, quarter after quarter.

The company just posted another blockbuster earnings report and got rewarded for it. 

That marks the 11th positive earnings reaction out of the last 16 quarters. This is one of the best streaks in the market.

The fundamentals are simply stunning. 

Profitability isn’t just growing, it’s exploding, and shareholders are making a fortune. 

They've become the essential infrastructure provider for the AI economy. 

Everyone needs their hardware and software stack, from hyperscalers and cloud providers to sovereign AI projects. 

Their CUDA ecosystem and full-stack development model continue to build a wider competitive moat each quarter.

After a brief period where the market failed to reward strong numbers, this latest earnings reaction suggests the appetite for Nvidia exposure is still alive and well.

This isn’t just another tech stock. It's the engine of the AI revolution.

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

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:

📌 Strategy $MSTR – Director Jarrod Patten put down just over $1 million. MSTR continues to dominate the conversation around digital assets, insiders stepping in here is noteworthy as a seemingly endless hoard of copycats keep emerging. 

📌 Core Scientific $CORZ – Director Yadin Rozov just picked up $1.2 million worth of CORZ. That’s a high-conviction bet from someone with a front-row seat. This comes as shares attempt to make a comeback after finding support around the IPO level. 

Here’s The Hot Corner, with data from May 29, 2025:

Click the table to enlarge it.

📌 Builders FirstSource $BLDR – Director Dirkson R....

Today's number is... 0

My Core Market Model has risen back above the zero line.

Here’s the chart:

The Takeaway: My Core Market Model brings together three key areas: breadth, liquidity, and sentiment.

Breadth looks at how many stocks are participating. I check things like 20-day highs and how many stocks are above their 50-day moving average.

Liquidity shows where money is moving. Are investors choosing stocks over bonds? Are high-yield bonds acting better than Treasuries? What’s the momentum in yields?

Sentiment measures positioning and fear. I watch NAAIM exposure, Investors Intelligence, and the VIX.

I don’t act on one piece of data. I combine them all, then smooth the result with a 5-day moving average. 

It’s not a buy or sell tool. It’s a way to read the environment.

When the model is above zero, I treat it as a bullish backdrop… Below zero, it’s bearish.

Right now, the model is back above zero.

That’s an important market shift. It had been...

Portfolio Update Through May 30, 2025

We keep returning to crypto as a key investment theme — and for good reason.

The largest cryptocurrency, which represents 65% of the investable asset class, is breaking out to all-time highs.

The Bitwise Crypto Industry Innovators ETF ($BITQ) has staged a strong recovery, rallying 60% off the lows.

But when you price it in Bitcoin ($BTC), the story shifts.

It’s a powerful reminder: changing the denominator can reveal how strong an asset really is — or whether its strength is simply riding the coattails of something else.

In a market like this, where headlines often focus on nominal gains, it's worth asking: What’s actually outperforming — and what’s just keeping pace?

That shift in perspective can make all the difference in identifying real leadership versus passive beneficiaries.

From the Desk of Steve Strazza @Sstrazza

Welcome to The Junior International Hall of Famers.

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US-listed international stocks, or ADRs.

This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.

Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

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

This is our Junior International Hall of Famers list:

Click table to enlarge view

And here’s how we arrived at it…

We removed laggards which are down 5% or more relative to the ACWI Ex. U.S. Index $ACWX over the trailing...

Sign up for my free note here.

There’s real strength showing up abroad—and it’s not some new development. Just more of the same.

Today, my country ETF scan was on fire, showing bullish setups across the globe.

I continue to see leadership out of Europe, Asia, Latin America—even Africa. Many of these charts are in relentless uptrends and holding strong.

And participation just keeps expanding as the good ones seem to drag the laggards higher with them over time.

But the one that caught my eye today was Israel.

Israel isn’t your typical emerging market story. Unlike many other countries, it’s not driven by commodities or heavy industry. Instead, it is built on software, cybersecurity, and innovation.

I have to admit I’ve been thinking a lot about bonds lately. 

Like way more than usual. 

It’s because I think this is a critical time and place for treasuries. 

The 30-year US yield $TYX is backing off after testing its cycle highs. Meanwhile, the popular iShares long-term treasury fund $TLT is rebounding off a big shelf of support. 

If these key levels break— so TLT to the downside and TYX to the upside— we’re talking about major pattern resolutions. 

Major pattern resolutions tend to be followed by significant reaction legs. 

What I’m saying is bonds are at risk of tanking lower if this scenario were to play out. 

And have you noticed how stocks have felt about bond market volatility lately?

I’ve overlaid ARKK with the inverted MOVE index to answer that...

We have been watching this chart of BA for a while on the Sunday night show.  As I spotted what appears to be the final leg in a 'bearish EWT triangle' I remarked "I wonder how it's going to get up there?"  Well, looks like that hasn't been a problem.  Short BA in the zone shown and this thesis is wrong w/ a daily close above the red gap area.  

Triangles are formed w/ 5 legs labeled a-b-c-d-e.  The key is the legs of the triangles are associated w/ .618 the wave before them going in the same direction.  That level is 225.  However, take note of the gap present right at the .786 retracement level.  Certainly could go up there ... 

I don't want it to close above the gap level - that will be my stop out point.

During our time in New Orleans at the Portfolio Accelerator event, I brought the Israeli Shekel to the table—and it sparked a really interesting discussion.

We were diving into global risk indicators, and I was showing how the Shekel is an excellent tell for speculative growth stocks and the “ARKKy” trade. 

That’s because Israel’s economy isn’t built on commodities or manufacturing like so many others—it’s built on software, cybersecurity, and innovation.

It’s one of the top technology countries overseas.

So when the Shekel starts breaking out, it’s not just a local FX story—it’s the market telling us there is demand for some of the most risk-on corners of the stock market.

And right now? The Shekel is on the verge of a major breakout. It’s literally happening as I write this.

This isn’t some quirky currency coincidence. Currencies are always whispering—sometimes shouting—about...

Here's the replay and chartbook from the May 29 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 Homebuilders.
2. No adjustments since the last report.
3. Closed XLB at Profit Target.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

From the desk of Steve Strazza @Sstrazza

Dividend Aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.

As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.

Here at All Star Charts, we like to stay ahead of the curve. That's why we're turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we're curating a list of stocks that have raised their payouts every year for five to nine years.

We call them the Young Aristocrats, and the idea is that these are "stocks that pay you to make money." Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.

By...

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

But one earnings reaction really stood out to us.

While most of the market’s attention is fixated on tech and AI, Heico Corp $HEI has quietly emerged as one of the strongest earnings performers in the Aerospace and Defense space.

This company isn’t your typical defense contractor. 

They specialize in manufacturing and servicing critical aerospace components, including FAA-approved replacement parts and high-reliability electronic systems used in military, commercial, and space applications.

It’s a high-margin, high-moat business - and the market is noticing.

The fundamental backdrop for Aerospace & Defense has rarely looked this strong.

Geopolitical tensions are rising. 

Global defense budgets are expanding. 

And commercial air traffic continues to rebound post-COVID.

The iShares Aerospace & Defense ETF includes GE Aerospace $GE, RTX $RTX, Boeing $BA, and Heico $HEI.

Price recently broke out to new all-time highs after a multi-month...

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:

📌 Vestis Corp $VSTS – Director Keith Meister stepped in with a monster $4.7 million purchase with VSTS trading at all-time lows. This purchase stands out for its size in the sub-$1 billion uniform rental company.

📌 Murphy USA $MUSA – Director David Haley scooped nearly half a million dollars worth of MUSA stock. This comes as the stock carves a year-long head-and-shoulders pattern.

Here’s The Hot Corner, with data from May 28, 2025:

Click the table to enlarge it.

📌 Sweetgreen $SG – Director Clifford Burrows  stepped in with a quarter  million dollar purchase in the hip fast food chain. This purchase comes as the...