Cross-Sector Risk-On Basket
ExpandingTheme thesis
$FLS matters if cyclical participation keeps spreading beyond the first wave.
Use the confirmer and break level to decide if this setup is still worth your time.
StageBroadening
UpdatedLive
Breadth95%
Setup strength
46
Why it matters
$FLS matters if cyclical participation keeps spreading beyond the first wave.
What changed
FLS leadership persisted
What to watch
MLM is the clearest next confirmation candidate and should tell us whether the move can broaden.
What breaks it
Cross-asset confirmation is still fragile, so spillover can stall before it becomes durable.
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
95%
How broad the move is
Leaders
1
Confirmers
0
Lagging
0
Leaders
FLS 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
CCK is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
CRH is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
FELE is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
FER is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
GNTX is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
HRI is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
HXL is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
MAS is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
MLM is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
MSM is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
PH 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
FLS
88% participation
88%
Watchlist Sectors
CCK — Participation 64%
CRH — Participation 58%
FELE — Participation 52%
Absent Sectors
FER — Still absent
GNTX — Still absent
HRI — Still absent
Live Names
12 names
Rank
Symbol
Role
Signal
Score
Recent
Note
1
FLS (FLS)
Leader
Live
n/a
n/a
FLS is the current leadership name for Cross-Sector Risk-On Basket, carrying the highest structural influence in the live cluster.
2
CCK (CCK)
Participant
Live
n/a
n/a
CCK is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
3
CRH (CRH)
Participant
Live
n/a
n/a
CRH is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
4
FELE (FELE)
Participant
Live
n/a
n/a
FELE is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
5
FER (FER)
Participant
Live
n/a
n/a
FER is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
6
GNTX (GNTX)
Participant
Live
n/a
n/a
GNTX is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
7
HRI (HRI)
Participant
Live
n/a
n/a
HRI is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
8
HXL (HXL)
Participant
Live
n/a
n/a
HXL is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
9
MAS (MAS)
Participant
Live
n/a
n/a
MAS is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
10
MLM (MLM)
Participant
Live
n/a
n/a
MLM is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
11
MSM (MSM)
Participant
Live
n/a
n/a
MSM is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
12
PH (PH)
Participant
Live
n/a
n/a
PH 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
Runs11
Days5
ReadForming · 5 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
100%
How often the same names keep reappearing.
Confirmer speed
50%
How quickly confirmation showed up.
Path coherence
0%
How clean the activation path looks.
Sequence buildup
34%
Whether the move built in sequence.
Leader to confirmer
n/a
Median lead time from leader to confirmer.