$XLF continuation play$XLF displaying good relative strength last few sessions with a break out of trendline resistance and good reaction off the 9ema daily retest/resistance turned support confluence. CPI numbers Wednesday and bank earnings starting Friday with $JPM, $C, $WFC followed by $BAC, $MS, $GS among others the week after. Continuation play, calls above 41.3 PT 41.7, 42, 42.3, 42.6. Can play individual tickers too.
Trade ideas
Interest Rates - Inflection Point?As interest rates rise, it would typically be a positive for $XLF.  Yet here we see the Financial sector XLF trailing against SPY and reaching an important resistance point (SPY itself is also stalling against other defensives).  Keep an eye on this one for clues as to market rate expectations.
XLFThe Financial Select Sector SPDR Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Financial Select Sector Index. The Index seeks to provide an effective representation of the financial sector of the S&P 500 Index Seeks to provide precise exposure to companies in the diversified financial services; insurance; banks; capital markets; mortgage real estate investment trusts (REITs); consumer finance; and thrifts and mortgage finance industries Allows investors to take strategic or tactical positions at a more targeted level than traditional style based investing
Staying short XLF @ 39.50.Lets look at daily stoch. Rolling over and we hit 50 day MA twice and failed break out Look and we broke 100 day MA not 1 but 2 times. Look vol buying vs  selling lot more red.
Know the key is also TNX it is dropping .
Know lets look weekly stoch its rolling over meaning trend is down. Know u now these crooks see how we open ,they will try defend 100 day 38.70.
My target is 37.54 test lows. Have trailing stop in place
Wedge up for xlf recently the banks have pretty much sold off which is expected while the S&P lingers at the top... usually when the large indice is up and down creating and compleating H&S formations into other formations we catch a wedge up. now brk.b latest movement to ath was created by movement in coca cola. so largest holdings are bac brk b well Fargo black rock etc.... large bank holdings. if these guys even move back to support here from $39.58 closer to $40 Monday morning were looking at putting the $42 call in the money by end of December and the $43 call for January 21st is on .5 now with a quick move up can print these bad boys to .35 + easily. I know inflation is bad for banks for is fed not force feeding the banks' bad?  Also, if you're not bullish look at the last time we got a solid trend bounce on the yearly and just imagine the ideas of a bull. 
$XLF US Financial stocks looking healthyNice flag consolidation in the financial names (XLF ETF). If this flag breaks up I have two potential targets. Shorter term based on the range of the consolidation channel targets $41.50, and if you project using the distance of the flag pole from the breakout, extended targets sits at $43.50






















