One of the top-performing areas of the speculative growth theme has been the “new-school” nuclear trade. 

OKLO already tagged one target, SMR is on its way, and NNE is coiled and wants next. 

Click the link to read our nuclear energy deep dive.

These have been some of the top stocks off the April lows, and now the old-school names like Cameco $CCJ are powering higher too.

What I’m saying is the entire nuclear space is red-hot, and I want more of it.

Here’s the VanEck Uranium & Nuclear ETF $NLR breaking out to its highest level since 2008.

After a 50% move in two months’ time, one might think this trend is extended, but it’s not. 

This is a fresh breakout over longer timeframes, and price should keep climbing...

Back in early April, I made a bet that silver would play catch-up to the vastly outperforming gold complex utilizing an options trader's version of a pairs trade. You can read about it here.

Both instruments had a bit of a wild ride following the "Liberation Day" Luau, especially SLV. But thanks to the somewhat offsetting risks of the short-biased GLD trade, we road out the volatility admirably.

Today, following SLV's recent run and dramatic outperformance against GLD, I think now is the time to take our profits.

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

1. New position in XLB.
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!

We have been talking about a major rotation in the metals space for months, and now it’s happening in real time.

Platinum is ripping... We just got long.

Dr. Copper is knocking on the door of new all-time highs. We outlined the breakout and target levels to watch on Friday.

And now, Silver is sprinting...

It’s up more than 30% off last month’s low and just printed a fresh multi-decade high.

We think this move is just getting started, and a run at the 1980 / 2011 peak near $50 is officially in play.

Here’s how we're trading it.

All things equal, I want the one that shook out the weak hands… before it left the station.

I want the one that bears had a clean chance to bury… but couldn’t.

I want the one that just trapped the shorts… then squeezed higher.

Bull hooks. Bear traps. Scoop ‘n scores. Shakeouts.

These are all powerful patterns, and are all similar because they are centered on the same thing…

Failed moves.

This is when price violates a key level and quickly reverses in the opposite direction.

“From failed moves come fast moves” is how I learned it.

And that’s exactly what is happening with Bitcoin $BTC right now. Here’s a look:

BTC ramped from about 75k to north of 110k in a matter of five weeks off the April lows.

...

From the Desk of Steve Strazza @Sstrazza.

Welcome back to Under the Hood, where we'll cover all the action for the two weeks ended June 6, 2025. This report is published bi-weekly, in rotation with The Minor Leaguers.

What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names.

There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.

Click here for a behind-the-scenes look at our process.

Today's trade is in a silver miner that has already had a great run, but could surprise everyone by further doubling from here.

Buying after a big run is always hard, psychologically, and today is no different. So I'm going to take some of the sting out of the purchase with a creative spread and aggressive rolling strategy.

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

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

Let’s dig in!

Short sellers are getting squeezed, and it’s plain to see.

They’ve been caught offside and are being forced to cover their positions.

They’re feeling the pain, and that’s exactly when we like to strike with our Freshly Squeezed strategy.

Here's our latest scan: 

As you can see, Phathom Pharma $PHAT, Applied Digital $APLD, and LZ Technology $TZMH are at the top of the leaderboard. 

Over the last 10 trading sessions, they've rallied 110.9%, 85.3%, and 66.9%, respectively.

Our long Sezzle $SEZL trade has also been ripping higher. The stock is up over 50% since we got long last month.

We also have tables sorted by short interest and days-to-cover.

Now, let's discuss today's setup and why we...

We got some nice feedback on our top-down scan from last weekend so I think we’ll make it a regular thing.

This is a clear and simple leadership scan, which is why I like it so much. 

We are drilling down to a trade idea following the traditional top down approach. It doesn’t get any better than that. 

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, Materials is the big standout—jumping two spots in our sector rankings. It’s no surprise. Commodities are on a tear and participation is expanding. This means we should expect more materials stocks to start working. And we’re already seeing it. 

Upon digging deeper, we found Metals & Mining stocks have been doing a lot of the heavy lifting for the sector....