TVIX, UVXY - strong net weekly gains

Despite the VIX slipping a little lower into the weekend, the bullish 2x lev' VIX instruments of TVIX and UVXY saw net weekly gains of 14.1% and 14.6% respectively. There looks to be further upside of another 15/25% next week.


TVIX, daily

UVXY, daily

Summary

*first, an update on the VIX, which saw a net weekly gain of 22.6%

VIX looks set to test the important weekly 10MA next week, currently in the mid 17s. A possible spike into the 18/19s looks possible if sp'1940/30s. The 20s.. as has been the case for a few years, look difficult to break and hold over.
--

As for TVIX and UVXY, interesting net weekly gains... and if my outlook on the VIX is correct, then both look set for another positive week.

As ever.. due to the usual statistical decay issue, such instruments are best for short term holds only, even when the trend is going 'the right way'.