Friday, May 06, 2005


Discount brokerage stocks, ET and AMTD are two of my top performers today. I doubled up!

Some folks like to buy stocks on dips, I like to buy leadership. The market is acting very good and leadership is developing. The market this week is very different from the grinding back and forth of recent weeks. No, it has not broken out of the trading range, but it is moving with authority not seen lately.

I don't see much news in regard to brokerage stocks. However, if the market is going to break-out, brokerage stocks will be among the leaders. The AMTD account indicators show traders were worn out from the recent sideways movement. When will they and others jump on board this train that seems to be pulling out of the station?