TVIX, UVXY, rough end to the week

The week ended somewhat disturbingly for those playing the VIX instruments. Both TVIX and UVXY both lost 14 and 20% respectively - with VIX itself falling almost 10%.

Considering the market maxed out at sp'1363 on Wednesday, and closed Friday at sp'1335, these Friday closing levels for TVIX/UVXY look dreadful.


TVIX, daily

UVXY, daily

Summary

If you didn't know the indexes already, you might assume we had a dow +250/300pt day. The VIX however did fall almost 10% today though, and so both of these instruments suffered relatively as expected

As they often say...'these instruments are for short term trading only!'.