Big bank earnings rolling out this week — Goldman, JPM, Wells, Citi all reported this morning. I skip most of these. Banks rarely move enough intraday to justify the setup risk, and nothing clean triggered for me today.
I'm holding a LONG on $BAC from the recent lows, so I'll watch their print tomorrow. So far, even with meh earnings, these names are flat to slightly green. That's not bullish fundamentals — it's rotation. They all dumped hard recently, and now money's trickling out of tech into beaten-down sectors.
No trade = no risk. If $BAC sets up clean post-earnings, I'll manage it. Otherwise, I'm flat and watching.
I'm holding a LONG on $BAC from the recent lows, so I'll watch their print tomorrow. So far, even with meh earnings, these names are flat to slightly green. That's not bullish fundamentals — it's rotation. They all dumped hard recently, and now money's trickling out of tech into beaten-down sectors.
No trade = no risk. If $BAC sets up clean post-earnings, I'll manage it. Otherwise, I'm flat and watching.