TVIX, UVXY - a second week lower

With equities continuing to climb into year end, the VIX has melted lower into the low teens. The 2x lev' bullish VIX instruments of TVIX and UVXY saw net weekly declines of -9.9% and -11.5% respectively. Outlook is for continued declines... with sp'2125/50.


TVIX, daily

UVXY, daily

Summary

*first, an update on the VIX, which saw a net weekly decline of -12.1% .

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A second down week for the bullish VIX instruments. Clearly, the VIX has seen the bulk of the down wave from the mid 20s.

The usual problem for the leveraged instruments is of course decay.

*TVIX still looks due a reverse split.. probably on the order of 1 for 10... early next year.