TVIX, UVXY - VIX instruments remain a dead trade

With the broader US equity market continuing to regularly break new historic highs, the VIX remains very subdued. The 2x bullish VIX instruments of TVIX and UVXY both saw net weekly declines of around -10%. Outlook is.... for continued decay.


TVIX, daily

UVXY, daily

Summary

*an update on the VIX, which saw a net weekly decline of -11.3%

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Suffice to say, with broad strength in the equity market.. VIX remains low... and that just means the 2x lev' instruments will continue to decay themselves to zero, with periodic reverse splits.


In terms of trading

I have ZERO interest in being long VIX.. at least until late 2015/early 2016. I see no point in trying to capture what will very likely be minor spikes.. which themselves are very difficult to time.

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*TVIX looks due for yet another reverse split 'within the immediate term'.