Today's standout insider activity comes from Citadel Advisors, which filed an initial 13G revealing a 5.10% stake in Arvinas $ARVN.

When firms like Citadel and high-level executives put skin in the game, it pays to take notice.

Meanwhile, in a Form 4 filing, Adobe Inc $ADBE director David Ricks disclosed a purchase of 2,250 shares, a clear sign of confidence from the inside.

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

Pzena Investment Management filed an initial 13G for Advance Auto Parts $AAP revealing a stake of 5.50%.

Last but not least, former Visa CEO Alfred Kelly Jr, who joined General Motors’ $GM board of directors in September, bought 12,000 shares of GM.

Today's number is... 12

The percentage of S&P 500 stocks reaching 12-month highs is now at its highest level since November of last year.

Here’s the chart:

(right-click and open image in new tab to zoom in)

Let's break down what the chart shows:

• The blue line in the top panel is the S&P 500 index price.
• The black line in the bottom panel shows the percentage of S&P 500 stocks making 12-month highs.

The Takeaway: Breadth continues to improve, although the S&P 500 is currently down 0.49% week-to-date, when you look under the hood, you can see that 12-month highs are expanding and have reached their highest level in over two months.

This is called participation… which is a necessary condition for any bull market, and the current bulls have consistently demonstrated their resilience and strength.

The stock market can only decline with an expansion in the new lows list, and the percentage of S&P 500 stocks hitting new lows across all time...

Hanging out in New York City this week has been such a blast. 

Today, I gave an extra-long presentation on the outlook for global equities. We talked it all out in the room for several hours. 

For me, there is one big takeaway that towers over the rest. I think 2025 will be all about China. 

In my presentation, I gave three major reasons why I’m bullish on Chinese equities. Here they are:

• The initiation thrust from September.
• The rotation happening within emerging markets.
• The prevailing bearish sentiment around China.

Then, right in the middle of my presentation, Dan Ives showed up.

It was the cherry on top of what has already been an incredible week.

It was epic.

Here's the replay and chartbook from the January 30 Weekly Strategy Session.

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

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...

This week was all about mega cap growth.

We kicked off Monday with an AI-themed selloff on the DeepSeek news.

And then over the course of the week, the majority of the magnificent seven names reported earnings. I discussed all the key chart levels and reactions on a livestream yesterday.

Most of them did well, but it’s a mixed bag. 

MSFT got hit. AAPL pulled some gains forward ahead of their report. META is an absolute monster. And the setup in TSLA looks as good as anything after a muted reaction.

This is all great. I own most of these names still, and I’m content with them. I’ve taken profits in some - like META & NVDA, and I’ve added to others - like TSLA & GOOGL, recently. I think they all keep drifting higher. But, they don’t excite me.

US mega tech is no longer a conviction long for me. 

There are...

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

1. No new positions today.
2. Adjustment to XLC Position.
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Today's standout insider transaction comes from Ally Financial $ALLY CEO Michael G. Rhodes, who just made a bold move, buying 25,634 shares worth roughly $1 million.

When a CEO puts their own money on the line, it's always worth paying attention.

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

Last but not least, John C. Malone is back at it, adding to his stake in The Liberty Braves Group $BATRA with a fresh $935,450 buy.

Today's number is... 808

Small-caps are currently experiencing their third-longest period without reaching all-time highs. So far, it has lasted 808 trading days, and they are still in a 6.7% drawdown.

Here’s the chart:

(right-click and open image in new tab to zoom in)

Let's break down what the chart shows:

• The dark blue line in the top is the S&P 500 index price.
• The gray line in the top panel is the all-time high level.
• The red line in the middle shows the all-time high drawdown in small caps.
• The light blue line in the bottom shows the consecutive trading days since we last saw an all-time high in small caps.

The Takeaway: Is 2025 the year we see all-time highs in small caps? Maybe.

But right now, Small-caps are currently trading below their previous cycle highs from 2021 and have been for the past 808 trading days.

Small-cap stocks are often under-owned and underappreciated, leading to low overall expectations for...

Talk about a bull market of wide participation!

Technology isn't even in the top 10 ETFs, and it's Equal Weight Technology $RSPT over Large Cap Technology $XLK.

Sectors like industrials, utilities, and financials are well into the green further solidifying the broad participation on a sector level.

And despite the headlines about DeepSeek impacting semiconductors, look at the action in sectors like Communications $XLC. Tremendously optimistic behavior.

We're in New York City for the Portfolio Accelerator this week, which has been tremendous.

This morning, we led a discussion about metals, bonds, economic data, and much more. Paul Ciena, the chief technical strategist at Bank of America, overlayed momentum with the unemployment rate (such a junky thing to do haha).

The technical analysis and conversations have been off the charts here. 

We recorded an extra special episode of Gold Rush for you all LIVE from New York City. 

Yesterday was unreal. We visited the NYSE with Jay Woods and got a full tour of the place.

Walking the trading floor during market hours was an incredible experience—watching the action and how things work, staying until the closing bell, and taking in that iconic moment firsthand. I’ll never forget it.

Afterward, we hung out and had some drinks right there on the floor. I feel like I just lived through the classic NYSE traders routine.

Then it was right back to work. We woke up this morning and hit it hard.

We just ended the first day of presentations, and everyone absolutely crushed it.

JC kicked things off with a state of the markets talking about sector rotation and why it is the lifeblood of a bull market.

We discussed a ton of ideas and finally made some trades.

Jason did a deep dive on Gold and Precious Metals.

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

Last week, I joined my friend Michael Batnick on “What Are Your Thoughts.”

The guys over at Ritholtz Wealth and the Compound are the absolute best at what they do. For that reason, doing their shows is always an honor. 

But, it’s also a blast. They make talking markets fun.

We talked about a number of topics from breadth, to short-sellers, and even Nancy Pelosi’s latest trades.

Make sure to check out the replay if you missed it.

Anyways, it is on my mind because Batnick brought up the Dollar Tree chart and I’ve been watching it ever since. We both really like the setup. 

Today, I’m pulling the trigger as it looks to be finishing the right shoulder of this inverse head and...

I'm at the All Star Charts Portfolio Accelerator event in New York City. 

One topic I discussed this morning with everyone is a volatility-triggered setup I'm seeing in the iShares Bitcoin ETF $IBIT. We have a short history to work with, but this bears attention.

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

1. New position in XLY.
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!

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...