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.

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