Monday, 1 February 2016

TVIX, UVXY - continuing to melt lower

With US equities opening moderately lower, it was notable that the VIX was barely able to muster any upside. With US equities turning positive in the afternoon, the VIX turned negative, with the 2x lev' bullish VIX instruments of TVIX and UVXY both settling -3.0%.

TVIX, daily

UVXy, daily


Suffice to add, the broader cooling from the Jan'20th volatility high continues.

I'm looking to pick up TVIX next week, when VIX 17/16s.. and sp'1970s. Why next week? I'm highly inclined to wait at least another week, as Yellen is due to appear.

That will offer a viable short term top.. from the rally/bounce from sp'1812 (when VIX 32s).