This is a little different spin on the previously posted VIXometer. However, instead of using VIX as the underlying baseline the template uses SPY (shaded area). This new template makes the differential in volatility across the various sectors considerably more apparent and reveals the attractiveness of trading the EVZ (Euro currency) component, which is FXE. FXE has a tendency to move like a rabbit in the overnight sessions, so steady nerves and a wide stop are required to corral this runner but on daily and weekly bars this has been the bullish mover over the past month and the VIXometer has kept us on the right side of the FXE in this otherwise skiddish period.
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