XLF

Two ways to play the XLF on a breakout or failure of the channel line.

Breakout: Use a Buy stop above today's high of $14 to catch a possible breakout of the channel. Today's low 13.67 or the 20 sma - 13.50 as possible stops.

Breakdown: Go ahead and buy the Puts with a tight stop above $14.10 and a loose above 14.35.

No doubt the XLF is gonna make a move and a pick up in voulme will tell the tale as to which way to let ride as the other trade is stopped out.