The volatility index, which is used by traders to gauge fear in the market, is bouncing off the lower end of the range and looks hungry for more upside. You can play this by simply buying a few calls in the VIX, or the lazy way, buy UVXY. I’ll be keeping my eyes peeled on Thursday for a trade in the VIX, however with the way futures are looking, I may have missed my entry:
ABX – Gold can work here with the instability in Greece. Keep an eye on the gold miners here, just about every chart looks like the one below:
AG – Silver works here too. This one is a beauty, a top tier setup in my opinion:
EMES – If the oil bulls show up tomorrow, I will be looking here for a quick trade. Above the 50 day moving average, which also correlates with Wednesday high, get’s this thing in motion. We also have a nice volume profile above that has the potential to take this thing back to $75, we just need a little help from cousin Earl (that’s oil for the ill-informed).