Matt Warder appeared as the featured guest on today's Morning Show on Stock Market TV, which was an extra special treat for commodity junkies like us.

Matt is widely recognized as the best Coal analyst in the world.

He’s in constant contact with top executives in the space and is basically a walking commodity encyclopedia, especially when it comes to Black Diamonds.

We had the pleasure of meeting him in New Orleans for our Portfolio Accelerator event and walked away smarter for it.

So when Steve Strazza asked him what commodity he’s most excited about right now, we were all ears.

His answer? “Titanium.”

No hesitation.

Coming from someone with Matt’s pedigree in the Coal markets, that caught us off guard. 

But after looking at the charts, it makes a lot of sense why he didn't mention Coal.

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Copper’s been stuck in a stiff coil for weeks.

Price has barely moved—just grinding sideways in one of the cleanest compression patterns we’ve seen in a while.

That changed today, as we finally got a big rip to the upside. 

This could be the starting-line momentum needed to finally resolve this 12-month range. 

Tight coils like this usually resolve in fierce fashion. And when they do, big moves ensue.

What I’m saying is I think this breakout has legs...

If momentum holds, I’m looking for a move toward the upper end of this base, somewhere around 5.20.

This level represents the all-time highs achieved in May...

Stocks gave some back this week, but when I look beneath the surface, I really like what I see from market internals.

Quantum stocks are red hot again. 

Space & exploration names are perking up. 

The new nuclears are having a monster week. 

Heavily shorted stocks are squeezing.

And let’s not forget the cryptos. How about those new highs in Bitcoin!?

Speculative growth and technology continue to lead and have been doing it consistently since the April lows.

Participation is broadening, and a growing list of risk-on stocks are assuming new leadership roles.

It’s all very bullish, and we want to stay overweight offense as long as this is the environment.

So today, we updated our Speculative Growth Leadership Scan that we shared ...

Huge week for consumer news. Target and Deckers tanked, Urban Outfitters soared and Williams-Sonoma managed to get out of a tricky earnings report more or less unscathed.

But one of the bigger stories, and biggest moves, happened in a name from the past for reasons no one is really discussing.

Peloton started the week strong in both calls and price action. Suddenly on Thursday morning, in an otherwise bland tape shares started popping, ramping 10% apparently out of nowhere but, as it turns out for pretty good reasons. Trump's Biggest Beautiful Bill didn't just crush solar stocks. It also revised some key terms applying to health savings accounts (HSA). Specifically, the bill expanded the amount and ways money put into an HSA can be used without incurring a 20% penalty.

Among the uses now approved with a pre-existing medical condition? Buying a Peloton.

In effect, customers can now potentially buy almost anything from Peloton's suite of Treads, Bikes, and Rowers with what amounts to pre-tax dollars. Depending on your tax bracket, that can take quite a cut out of the price of a premium bike (a bike that happens to be perfect for HSA purposes since it...

From the desk of Steve Strazza @Sstrazza

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We've also sprinkled in some of the largest ADRs from countries that did not make the market cap cut. 

These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.

It's got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.

The beauty of these scans is really in their simplicity.

We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.

Based on the market environment, we can also flip the scan on its head and filter for weakness.

Let's dive in and take a look at some of the most important...

Deckers closed out an eventful week by offering frankly terrifying guidance for the current quarter and refusing to even speculate as to how much worse things could get from here.

The makers of Hoka and Uggs said demand for the former has fallen to a multi-year low of 10% yr/yr growth; numbers that seemed particularly horrifying after everything we heard from On Holdings last week. 

Analysts were quick to pounce, dragging DECK 20% lower and lowering estimates across the street.

With FootLocker and Dicks Sporting Goods (soon to be one company) report next week we'll have a better picture of why On seems to be the only shoe game in town. 

The moves are huge and losers and getting stomped in the shoe world. Stay tuned to this space for the latest as it happens. 

Also check out the brand new Hot Mom's Index I put together with my friend JC.

The banking sector in Canada is vastly different than the U.S. For one thing, there are far fewer of them! And there's really only a handful that matter.

One of those that matters is currently doing something that matters -- it's breaking out to new all-time highs! 

It's time to get involved.

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

1. New position in IBB.
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!

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

We're still in the heart of retail earnings season. This week we heard from names like TGT, TJX, and WSM. Next week we've got DKS, COST, M, BBY, DKS, BURL, KSS and ANF. 

All in all, we had a good week in the Macke Retail Roundup Portfolio, outperforming both the XRT and SPY. 

Here is my latest video update on the portfolio, as well as a couple of new potential adds I'm considering.

Portfolio Members In The News...

While most retail names grapple with slowing demand and shrinking margins, Ralph Lauren $RL just keeps executing.

The company delivered another double beat this quarter, marking its 9th positive reaction in the last 11 earnings reports. 

That kind of consistency isn’t easy to find in this environment.

Revenue came in strong, margins held up, and the company continues to benefit from robust international demand and a premium brand strategy that’s clearly working. 

This isn’t the same RL that struggled through much of the last decade. 

The fundamentals have turned, and so has the market’s reaction.

The stock has resolved a massive base and is printing fresh all-time highs.

This might not be the flashiest name in Consumer Discretionary…

But it’s becoming one of the most reliable.

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

*Click the image to enlarge it

Ralph Lauren $RL 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:

📌 Advanced Micro Devices $AMD - Chief Commercial Officer Phil Guido stepped in and bought nearly $1 million of his stock as shares trade at a nearly 50% discount from all-time highs. This is Guido’s second purchase this year. 

📌 FTAI Infrastructure Inc $FIP - CEO and President Kenneth J. Nicholson picked up a monstrous $2.6 million worth of his stock. FIP took a near 70% hit since its highs in the fall of last year but is attempting a rebound.

Here’s The Hot Corner, with data from May 22, 2025:

Click the table to enlarge it.

📌Vipshop Holdings Ltd $VIPS - Tencent Holdings $TCEHY grew its stake in VIPS from 13.63% to 14.80%, a subtle nod that...

Today's number is... 59

The All Country World Index ex-US ETF (ACWX) has surpassed its previous cycle highs from 2021, which is around 59.

Here’s the chart:

Let's break down what the chart shows:

• The black line shows the price of the All Country World Index ex-US ETF (ACWX).
• The blue line is the 50-day moving average of ACWX.
• The red line is the 200-day moving average of ACWX.

The Takeaway: The All Country World Index ex-US ETF just broke out of a long consolidation. The base lasted 992 trading days. At its worst, ACWX dropped 32.8% during that time.

Now, it’s above the prior cycle highs from 2021, around 59. This level matters. It capped price for years. Breaking it is a shift.

ACWX is showing a strong trend, with price above both the 50-day and 200-day moving averages, the 50-day above the 200-day, and both moving averages sloping upward—this is a clear bullish setup.

Year to date, ACWX is up over 13%. The US market, measured by the S&P 500, is down 0.51%. That’s a big...

X is, once again, approaching resistance.  This base has been building for almost 15 years, so when it does finally go, it should give a nice long.  I've outlined the 'potential' waves that should form based on measured move and targets.  From a traditional technical analysis perspective we are looking to execute the outside return based on the concept of polarity.  In this case, the resistance that has held for 15 years'ish will now become support when price blows thru and comes back down to this former level.   Hence, the name "outside return." 

Additionally, I've outlined an area where this gameplan is wrong and it's time to stop out.  Note, that's a wide stop, but at the same time we have a target that's some distance away. I've calculated this opportunity at 5:1.  

When executing the 'outside return' this has been my experience:

• A LOT of the time, once a security breaks thru (up or down) a long term base of either support or resistance, it will come back one last time and "kiss it" for the outside return.  You can count on it ...
• However, sometimes, it's just too easy to 'run the...

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%.