NEW BULLISH Plays

Financial SPDR ETF - XLF - close: 13.47 change: +0.23

Stop Loss: 12.45
Target(s): 14.00
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Financials have been a volatile sector thanks to all the drama in Europe. We still think there is more upside between here and the end of the year. Of course that will depend on the next episode of the Greek-European soap opera.

Tonight we are suggesting a buy-the-dip entry point to open small bullish positions in the XLF at $12.90 with a stop loss at $12.45. More conservative traders may want to use a stop closer to the simple 50-dma near $12.62 instead. Our multi-week target is $14.00.

buy the dip Trigger @ $12.90 (small positions)

Suggested Position: buy the XLF @ $12.90

- or -

buy the 2012 Jan $13 call (XLF1221A13)

Annotated chart:

Entry on November xx at $ xx.xx
Earnings Date --/--/--
Average Daily Volume = 137 million
Listed on November 3, 2011