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Cross-Sector Risk-On Basket

Cross-Sector Risk-On Basket

Expanding
Theme thesis

$TWST is leading Cross-Sector Risk-On Basket; ARE, WAT, BETA have confirmed that the move is spreading beyond the leader.

Use the confirmer and break level to decide if this setup is still worth your time.

StageBroadening
UpdatedLive
Breadth88%
Setup strength
41
Glance animation
Trade Read
Why it matters

$TWST is leading Cross-Sector Risk-On Basket; ARE, WAT, BETA have confirmed that the move is spreading beyond the leader.

What changed

TWST leadership persisted

What to watch

ALGN is the clearest next confirmation candidate and should tell us whether the move can broaden.

What breaks it

Cross-Sector Risk-On Basket can stay leader-led if ALGN and the next software names fail to join while TWST keeps moving.

Latest Headlines
2 recent headlines mention ARE.
Headlines
New York Post
May 20, 7:13 PM
Matthew Perry’s prized ‘Friends’ possessions to be auctioned after actor’s death

Bids are currently being placed for several of the "Friends" actor's personal items, including the pilot and final episode scripts of the beloved sitcom.

ARE
The best vintage and classic cars for sale online | Bring a Trailer
May 20, 7:07 PM
LS3-Powered 1953 Chevrolet 3100 Pickup

This 1953 Chevrolet 3100 pickup was the subject of a custom build that was completed in 2023, after which the truck was purchased by the seller. A 6.2-liter LS3 V8 crate engine was installed along with a 4L70E four-speed automatic transmission and a 9" rear end, and the chassis was modified with a Mustang II-style front suspension assembly, a rear four-link setup, adjusatable airbags at each corner, rack-and-pinion steering, and hydroboost-assisted four-wheel disc brakes. The body wears worn and weathered green blue, and white paint, and it features a split windshield, a black grille, peep mirrors, wooden bed side boards, and LED headlights. Inside the cab, a pair of 1970s Cadillac bucket seats are trimmed in tan leather with diamond-stitched inserts, and an under-dash air conditioning system is installed along with a tilt steering column, Dakota Digital gauges, and power windows. Additional equipment includes an aluminum radiator, an electric cooling fan, and chrome 15" wheels with whitewall tires. This modified Chevrolet pickup is now offered with service records, build photos, and a clean Colorado title in the seller's name.

ARE
Who Is Leading
Names
Breadth
88%
How broad the move is
Leaders
1
Confirmers
0
Lagging
0
Leaders
TWST (TWST)

TWST is the current leadership name for Cross-Sector Risk-On Basket, carrying the highest structural influence in the live cluster.

Confirmers
No live confirmer roster available.
Supporting Names
ALGN (ALGN)
ALGN is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
ALNY (ALNY)
ALNY is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
APGE (APGE)
APGE is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
ARE (ARE)
ARE is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
BETA (BETA)
BETA is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
CGON (CGON)
CGON is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
CRSP (CRSP)
CRSP is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
DRS (DRS)
DRS is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
GKOS (GKOS)
GKOS is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
INSW (INSW)
INSW is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
LEGN (LEGN)
LEGN is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
Not Yet Participating
ARE (ARE)
46%
Not participating yet
BETA (BETA)
41%
Not participating yet
CGON (CGON)
36%
Not participating yet
Sectors
What Is Confirming
Confirming Sectors
TWST
88% participation
88%
Watchlist Sectors
ALGN — Participation 64%
ALNY — Participation 58%
APGE — Participation 52%
Absent Sectors
ARE — Still absent
BETA — Still absent
CGON — Still absent
Live Names
12 names
Live Names
Rank
Symbol
Role
Signal
Score
Recent
Note
1
TWST (TWST)
Leader
Live
n/a
n/a
TWST is the current leadership name for Cross-Sector Risk-On Basket, carrying the highest structural influence in the live cluster.
2
ALGN (ALGN)
Participant
Live
n/a
n/a
ALGN is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
3
ALNY (ALNY)
Participant
Live
n/a
n/a
ALNY is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
4
APGE (APGE)
Participant
Live
n/a
n/a
APGE is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
5
ARE (ARE)
Participant
Live
n/a
n/a
ARE is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
6
BETA (BETA)
Participant
Live
n/a
n/a
BETA is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
7
CGON (CGON)
Participant
Live
n/a
n/a
CGON is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
8
CRSP (CRSP)
Participant
Live
n/a
n/a
CRSP is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
9
DRS (DRS)
Participant
Live
n/a
n/a
DRS is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
10
GKOS (GKOS)
Participant
Live
n/a
n/a
GKOS is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
11
INSW (INSW)
Participant
Live
n/a
n/a
INSW is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
12
LEGN (LEGN)
Participant
Live
n/a
n/a
LEGN is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
Theme Stability
Stability
Theme stability

This view is meant to answer a simple question: is the theme holding together, broadening, narrowing, or still changing shape?

First seen2026-05-19
Last seen2026-05-19
Runs2
Days2
ReadForming · 2 days
Label driftNo drift
No deeper lineage trail is available yet for this theme.
Activation Evidence
Live
First wave leaders
1
Names that moved first.
Second wave confirmers
0
Follow-through names joining after the leader.
Net new members
1
New names added to the move.
Repeat rate
60%
How often the same names keep reappearing.
Confirmer speed
0%
How quickly confirmation showed up.
Path coherence
100%
How clean the activation path looks.
Sequence buildup
73%
Whether the move built in sequence.
Leader to confirmer
n/a
Median lead time from leader to confirmer.
Multi-Asset
Cross-Market Support
How to use this

Treat this as a secondary check. If outside markets are helping, it supports the setup. If they are hurting, lower conviction or wait. If they are neutral, ignore it.

ARE → AGG
Hurting
cross_asset_lag1
19% link
30D
Cuts against it
Weak
ARE → EMB
Hurting
cross_asset_lag1
15% link
30D
Cuts against it
Weak
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