Broker-Dealers Are Ready to Go

June 23, 2025

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Since yesterday afternoon, my X feed has been nothing but noise about rising tensions in the Middle East.

The headlines are loud. WWIII chatter. Panic everywhere.

Everyone’s trying to guess what happens next.

But the market’s telling a different story.

Homebuilders ripped. Offensive sectors led.

Silver outperformed gold. Crude oil dropped 8%.

Defensive stocks like staples lagged.

And Bitcoin? Back above 105K.

In the middle of all the chaos, that was the tape — and it was undeniably bullish.

If this is what the end of the world looks like… then sign me up.

As I went through my charts after the bell, one group in particular jumped out: Broker-Dealers.

They don’t get talked about as much as they should — but this is one of the most important groups in the entire market.

These stocks are the heartbeat of the capital markets.

Any real bull market needs buy-in from the most offensive corners of Financials — and this is it.

The Broker-Dealers & Exchanges ETF $IAI just pushed up against all-time highs.

The ETF sports a strong primary uptrend and has been consolidating constructively along the way for years now.

It’s one of the most orderly uptrends I can find anywhere.

What really stands out is how well price continues to respect these Fibonacci extension levels.

Each time we get above one, it’s like a green light for the next leg higher.

Now we’re right up against the 423.6% extension from the 2018–2020 base.

And I think a breakout is imminent.

Above 161 — I’m all in for Broker-Dealers.

One of my favorite Broker-Dealer stocks is Virtu Financial $VIRT.

I’m long this stock — just like its CEO, Doug Cifu.

It’s probably one of the best-looking charts out there.

The size of the insider buy, who it’s from, and the stock itself make it a perfect recipe to hold in your portfolio.

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