TVIX, UVXY - back on the slide

With the VIX cooling across the week, the 2x bullish lev' instruments of TVIX and UVXY saw very significant net weekly declines of -18.1% and -19.0% respectively. VIX looks set to continue cooling into February.. and both TVIX/UVXY will likely break the lows from early December.


TVIX, daily

UVXY, daily

Summary

*first, an update on the VIX, which declined by -20.5% across the week

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Suffice to say... a major net weekly decline for the VIX, and the bullish VIX instruments have also naturally seen major net weekly declines.

Next week doesn't look much better, a further 5/10% to the downside looks very viable.

*as ever, even if the VIX just trades sideways, the decay factor will cause relentless problems for those holding TVIX/UVXY across multiple weeks.