XLF, the financial sector ETF, has continued to remain mostly in the range we established a few weeks ago, between $14 and $15. With the 200 day moving average sloping upward, we continue to feel good about a previously-sold August put, as well as other possible bullish trades here. After bottoming near $13 in June, signs have been bullish or neutral for more than a month now. There’s still resistance at $15, but it’s looking more likely that a break upward will occur before a break downward.
