VIX On The Move

VIX (fear indicator) has been coiling back like a spring for a breakout. Today the VIX is +2.2 and has broken out of it’s 6-month holding pattern. It has been approaching the lows of 15. I’ll watch for a continued move to the upside as fear in the market increases from uncertainty and poor market performance after the elections and QE2 have already been built into the market.