With the VIX cooling into the weekend, the 2x bullish lev' instruments of TVIX and UVXY saw net weekly declines of -8.8% and -10.5% respectively. Near term outlook for the VIX is bullish... unless sustained action >sp'1950. It remains notable that the VIX continues to sustainably hold above the key 20 threshold.
*first, an update on the VIX, which saw a net weekly decline of -11.3%
So.. moderate net weekly declines for the 2x VIX instruments.
It is notable that TVIX saw an intra (Tuesday) high of $14.10, and having settled the week at $10.72
*As ever... such leveraged instruments are (almost always) for very short term holds only. Holding across multiple weeks - never mind months, will see inevitable statistical decay problems.
*I hold long-VIX across the weekend, seeking renewed upside to the 27/28s