TVIX, daily
UVXY, daily
VIX, weekly
Summary
It says something about the recent level of volatility that two consecutive higher closes merits a post.
The VIX almost broke the 18 level today, but comfortably closed in the upper 17s. The key threshold remains the big 20. A few daily closes >20, and we should see some major explosive moves to the upside.
--
Short term hyper-spike in 2013..but long term decay.
Even if my original bearish outlook for equities (low sp'1200s) comes to pass - whether its early January, or a few months further out. the VIX will very likely spike into the 30s..or 40s.
Both TVIX and UVXY would probably double..or even triple up, but the long term trend of course is the same...relentless statistical decay.
As ever..such instruments are for short term trading only.
