Welcome to The Weekly Beat.

We’re nearing the end of earnings season, but the action hasn’t slowed down.

Last week brought a mix of surprises — a grocery chain ripped higher, a semiconductor giant was punished for a double beat, and a cruise line delivered one of its best quarters ever.

This week, however, things are shifting.

It’s shaping up to be one of the quietest stretches of the year for earnings, with just a few companies set to report.

With fewer new catalysts, our focus will shift to reviewing the most important reactions of the season and identifying the names that show the strongest trends as we head into Q3 of 2025.

In this week’s recap, we'll cover the biggest takeaways from last week and preview the setups we’re watching next.

• Monday:
  • Kroger $KR reported mixed results and rallied nearly 10% on the news. E-commerce sales grew 15% year-over-year, which management called the "best profit improvement yet on a quarter-over-quarter basis" for the...

Welcome back for another Top Down Trade of the Week. 

This is 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, Financials is the big standout—climbing five spots in our sector rankings.

While Technology holds the top spot, it’s worth highlighting Financials this week. 

The consolidation in the Financial Sector SPDR $XLF is likely to resolve higher soon- just like Technology $XLK, Communications $XLC, and Industrials $XLI did this week. 

These are all very different sectors, but they share one critical thing in common. These groups all represent risk appetite. 

The market is on offense right now, so we’re going to keep fishing in risk-on areas. 

...

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.

We’ve been pounding the table on Copper futures since China started ripping last year.

However, it has been a slower start than we anticipated.

Now, our patience is being rewarded... We're seeing evidence that the trade is heating up.

Copper futures are trading at fresh all-time highs as they play catch-up with Gold futures.

We're also beginning to see the Copper miners play catch-up to the underlying commodity.

This has been on our radar for months, but we've only recently seen significant changes.

The red line represents Copper futures, and the blue candlesticks represent the Global X Copper Miners ETF $COPX. 

Historically, these two have danced together.

However, that relationship broke down earlier this year as the futures reached new...

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...

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

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

Let’s dig in!

You remember Vanilla Ice. Don't pretend you don't.

He has nothing to do with today's trade, but the name of the stock reminded me of him.

Broker-Dealers are showing incredible strength right now, I want to get long the chart that looks the best of the lot.

Micron $MU just delivered another double beat, but the market wasn’t impressed.

This marks the 3rd consecutive earnings report where investors have punished the stock despite strong headline numbers.

That’s a big red flag.

This company sits at the heart of the semiconductor supply chain, manufacturing DRAM and NAND memory chips that power everything from smartphones to servers. 

Management has repeatedly identified 2025 and 2026 as major inflection points...

They’ve cited tighter supply conditions, a stronger pricing environment, and accelerating AI-driven demand as long-term tailwinds.

However, the market demands more than long-term promises... it wants margin expansion now.

As investors shift toward names demonstrating operating leverage today, the lack of upside follow-through in the stock is becoming increasingly difficult to ignore.

It’s still one of the most important players in the AI arms race.

However, until the strong fundamentals translate into bullish price action, it’ll remain stuck in neutral.

Will that change soon?

We'll see when they report again in 90 days.

So what else did we learn...

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:

📌 CTO Realty Growth $CTO – The President and CEO, General Counsel, and CFO all filed Form 4s totaling $116,000 in buys.

When the whole top team steps in together – even at a smaller REIT – it’s rarely noisy. Coordinated insider buying like this often marks a turning point for overlooked income plays.

Here’s The Hot Corner, with data from June 26, 2025:

Click the table to enlarge it.

📌 Allot Ltd $ALLT – Lynrock Lake LP filed a 13G, increasing their stake from 22.18% to 25.28%.

That’s already a controlling-sized position pushing even higher. When a fund leans in like this, especially on a stock that rallied...

Today's number is... 6

These are the 6 risk indicators I track for confirmation or divergence of the move in the S&P 500 — and right now, four are confirming the rally while two remain neutral, as the index hovers just 0.05% below its record high.

Here’s the chart:

Let's break down what the chart shows:

• The top row tracks equity leadership: High Beta vs. Low Volatility, Cyclicals vs. Defensives, and Discretionary vs. Staples.
• The bottom row captures macro and internal confirmation: the Inverted US Dollar, the Advance-Decline Line, and High-Yield vs. Treasury Bonds.

The Takeaway: These 6 charts track the tug-of-war between offense and defense. Together, they show where money is flowing — and whether this rally is built on broad support or narrow leadership.

4 out of 6 signals are in clear confirmation mode, lending strong support to the S&P 500’s climb. 

High Beta stocks and Cyclicals are leading the charge — a textbook sign of risk-on behavior. 

Market breadth is strong, with the Advance-Decline Line...

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.

When we look outside the US, even the riskiest stocks in the world are in rally mode. 

It’s not just developed markets showing strength—emerging markets are also breaking out.

Below, we have the Freedom 100 Emerging Markets ETF $FRDM breaking out of a multi-year base to new all-time highs.

This ETF is built differently from other EM funds. It ranks personal and economic freedom in countries around the world—and weights the index accordingly. 

I like it for that reason. But I like it even more because it has consistently outperformed its EM peers since its launch.

Among its major country exposures are Chile, Taiwan, South Korea, and Poland— these countries make up almost 70% of the fund.

If you see a bull flag… Buy it. 

It’s what we’ve been telling our clients, and it’s been our mantra internally.

This has been the top pattern to profit from lately. Period.

It’s simple, reliable, and works best in bullish environments like this one.

I’ve been putting more and more money behind these patterns over the past few weeks. Not only do they keep resolving higher, but the reaction legs have been fierce— some going flat-out vertical.

Here are two recent examples to illustrate how I trade this formation.

First up: Micron Technologies $MU.

After a strong leg higher, $MU formed a textbook bull flag. I bought the $MU 7/18 $120 calls...

Today I closed a winning trade. Booked a gain. The kind of thing I tell others (and myself) to celebrate.

So why do I feel bad about it?

Maybe “bad” isn’t the right word. More like unsettled.

Here’s the situation:

The stock had started to break down a bit on the daily chart, so I followed my process and exited. Textbook move, right?

But here’s what’s bothering me…

The stock is still above its 50-day moving average.

It’s still in a hot sector.

And I had January 2027 calls. That’s over 18 months until expiration!

With that much time, why did I feel the need to micromanage?

This is one of those moments where the trade was technically breaking support, yes — but the bigger question I’m sitting with is: Did I kneecap this trade too early? Did I cut off a potential monster winner because I was too zoomed in?

My risk was defined. I could’ve ridden it longer.

Maybe smaller sizing would’ve helped me let it breathe?

Maybe I’m just overthinking? (I do that.)

But one reminder that helps bring me back to center:

I can always get back in.

Just...

Here's the replay and chartbook from the June 26 Weekly Strategy Session.

Be sure to join us on Thursday at 11 am ET and maximize your return potential.

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

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

Let’s dig in!