Cross-Sector Risk-On Basket
ExpandingTheme thesis
$TD is leading Cross-Sector Risk-On Basket; ICUI, CNM, BAX 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
Breadth85%
Setup strength
57
Why it matters
$TD is leading Cross-Sector Risk-On Basket; ICUI, CNM, BAX have confirmed that the move is spreading beyond the leader.
What changed
TD leadership persisted
What to watch
MFC 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 MFC and the next software names fail to join while TD keeps moving.
Latest Headlines
No symbol-linked headlines found in the current lookback window.
No related headlines found
No recent headlines matched the theme's leader or member tickers in the current lookback window.
Who Is Leading
Breadth
85%
How broad the move is
Leaders
1
Confirmers
0
Lagging
0
Leaders
TD 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
BAX is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
BEN is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
BMO is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
BN is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
BNT is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
CALX is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
CM is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
CNM is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
DJT is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
ICUI is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
KYMR is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
Not Yet Participating
What Is Confirming
Confirming Sectors
TD
88% participation
88%
Watchlist Sectors
BAX — Participation 64%
BEN — Participation 58%
BMO — Participation 52%
Absent Sectors
ICUI — Still absent
BN — Still absent
BNT — Still absent
Live Names
12 names
Rank
Symbol
Role
Signal
Score
Recent
Note
1
TD (TD)
Leader
Live
n/a
n/a
TD is the current leadership name for Cross-Sector Risk-On Basket, carrying the highest structural influence in the live cluster.
2
BAX (BAX)
Participant
Live
n/a
n/a
BAX is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
3
BEN (BEN)
Participant
Live
n/a
n/a
BEN is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
4
BMO (BMO)
Participant
Live
n/a
n/a
BMO is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
5
BN (BN)
Participant
Live
n/a
n/a
BN is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
6
BNT (BNT)
Participant
Live
n/a
n/a
BNT is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
7
CALX (CALX)
Participant
Live
n/a
n/a
CALX is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
8
CM (CM)
Participant
Live
n/a
n/a
CM is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
9
CNM (CNM)
Participant
Live
n/a
n/a
CNM is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
10
DJT (DJT)
Participant
Live
n/a
n/a
DJT is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
11
ICUI (ICUI)
Participant
Live
n/a
n/a
ICUI is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
12
KYMR (KYMR)
Participant
Live
n/a
n/a
KYMR is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
Theme 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
Runs9
Days4
ReadForming · 4 days
Label drift2 variants
No deeper lineage trail is available yet for this theme.
Activation Evidence
Live
First wave leaders
0
Names that moved first.
Second wave confirmers
0
Follow-through names joining after the leader.
Net new members
0
New names added to the move.
Repeat rate
0%
How often the same names keep reappearing.
Confirmer speed
33%
How quickly confirmation showed up.
Path coherence
0%
How clean the activation path looks.
Sequence buildup
14%
Whether the move built in sequence.
Leader to confirmer
n/a
Median lead time from leader to confirmer.
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.
ICUI → AGG
Hurtingcross_asset_lag1
16% link
30D
Cuts against it
Weak