Whilst the VIX saw a net weekly gain of 0.6% @ 13.86, the bullish 2x lev' instruments of TVIX and UVXY still struggled, with net weekly changes of -0.4% and +0.3% respectively. Near term outlook offers VIX 16/17s as the 'Greek situation' continues to spiral out of control.
*first, an update on the weekly VIX chart...
As for TVIX and UVXY, it remains the case that with the VIX still broadly subdued, both instruments are suffering from the usual decay problem.
My guess is that VIX 20s are still some weeks away.. and for now, TVIX/UVXY both look problematic for holds longer than a few days.
*I am long VIX from 12.98... seeking an exit in the 16/17s next week.