US equities saw moderate swings across the week, with the VIX naturally seeing similar minor moves. The 2x lev' (bullish) VIX instruments of TVIX and UVXY saw net weekly declines of -2.2% and -2.8% respectively. If sp' can break <1830 next week, then the VIX should surge into the high teens.
*first, an update on the weekly VIX, which saw a net weekly decline of -3.9% .
As for TVIX and UVXY, this sort of chop is never good in terms of the decay issue, although volatility itself is low...so the decay is somewhat less.
If VIX 17/18 next week, both TVIX and UVXY should climb 15/20%. Of course, for those holding since early February, that amount of gain is not going to make up for the cumulative losses.
As ever...such instruments are for short term holds only!