From Ian Cooper, Author, Trigger Point Trade Alerts

Markets are a mess.

Yesterday, the Dow closed down 323 points, and the NASDAQ sank 311.  All thanks to debt ceiling fears, inflation, skyrocketing oil prices, and surging bond yields. Meanwhile, the volatility index – or the fear gauge – just spiked from 18.70 to 23.58.  From here, it could see 30.

The best way to trade the chaos is to continue to bet on incessant volatility, as we’ve advised.

We’ve been doing that with:

ProShares Ultra VIX Short-Term Futures ETF (UVXY)

The ETF was designed to match two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index. The UVXY last traded at $24.45, and could see $30, near-term.

iPath S&P 500 VIX Short-Term Futures (VXX)

The VXX ETN, which provides exposure to the S&P 500 VIX Short-Term Futures Index. The VXX last traded at $27.77 and could see $30, near-term.

ProShares VIX Short-Term Futures ETF (VIXY)

ProShares VIX Short-Term Futures ETF provides long exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration.

The VIXY last traded at $22.70 and could test $25.

Ian Cooper

PS-Be sure to keep an eye out on our site for my Chart of the Week. You can access it here: https://www.tradewinsdaily.com/category/chart-of-the-week/