JPMorgan and Goldman just smashed earnings records on a trading boom — ride the
Thesis
JPMorgan and Goldman Sachs just reported record-breaking quarterly profits driven by massive surges in stock trading revenue. When the biggest banks are printing record money from market activity, it signals a booming environment for financial firms. This creates strong positive momentum that usually pulls more investor interest into the sector. Buying the top banks right after they prove their business is firing on all cylinders is a classic way to ride that wave of investor enthusiasm.
Strategy approach
Build a momentum strategy that enters long JPM and GS on the H1 or D1 timeframe when both stocks are trading above their 20-day simple moving average with positive volume on their earnings day. Set a profit target of 5% and a hard stop loss at 3% below the entry price, with a maximum holding period of 10 trading days.