With US equity indexes seeing net weekly gains (if moderate), the VIX was back in cooling mode, and that saw the 2x lev' bullish VIX instruments see net weekly declines of -12.2% and -11.9% respectively. Near term outlook offers continued decay, as equities look comfortable into October.
First, an update on the VIX, which saw a net weekly decline of -12.2%
As for TVIX/UVXY, as noted last week, sporadic net weekly gains are to be expected within a broader downward trend.
For the moment, the VIX-long trade remains dead.
yours... with zero intention of being long VIX for the remainder of the year. That would only change if sp' falls under the monthly 10MA... currently in the 2070s.... and that really does seem unlikely.