Midday Missive

XLE … resistance is 86.63. New closing strength is needs over 87 for Further upside.
XLF…The financials are into resistance.
COF …73+ a few looks to be good resistance.
GS...still looks positive, but it will struggle to get over 166.25
VIX…I like being long Vix in here for insurance, however you’re looking at March options which are pricey.

Long a 15/18 call spread for 55 cents seems a reasonable way to buy some downside insurance.

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