With US equities seeing some significant swings across the week, the VIX was somewhat wild (intra high 20.05), but settling @ 16.83. The 2x bullish lev' instruments of TVIX and UVXY ended the week on a negative note, with net weekly declines of -2.6% and -2.4% respectively. Outlook is for the VIX to cool into August.
First, an update on the VIX
The second consecutive weekly candle with a rather clear spiky top.. suggestive of being maxed out.
As for TVIX/UVXY, there were some very sig' gains on Monday, Wed', and Thurs'... but the usual 'statistical decay' issue is causing problems.
*I have no interest in being long VIX until mid August. The next multi-week VIX up cycle should offer the 25/30 zone.. along with the sp'500 under the giant 2000 threshold... if briefly!