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’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.
TOWNHALL FINANCE DAILY

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!


TOWNHALL MEDIA GROUP