John Ransom
One of my favorite components, the S&P Volatility Index (SYMBOL:VIX)  is moving back down and looks like it could be headed under $13.

On the back of rising oil prices and the Syria mess, the VIX traded a bit over $17 recently. Before the open today it's at $14.29 and looks like it could be headed lower.
VIX Chart

VIX data by YCharts

As most long-time readers know, I like the trading opportunities that the VIX brings, especially during a frothy or uncertain market.

If the VIX breaks past the $13.98 level, I think it will head to about $12.50 and that would present a pretty good trading opportunity.  

John Ransom

John Ransom is the Finance Editor for Townhall Finance, host of Ransom Notes Radio and you can catch more of the best money advice and monetary commentary by him daily 10am PT, 1pm ET at WealthEd.com or on Comcast Cable

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