TVIX, UVXY - falling into the weekend

With equities building strong gains on a Goldilocks jobs number, the VIX was crushed back into the 12s. The 2x bullish lev' instruments of TVIX and UVXY saw net weekly declines of -2.6% and -1.5% respectively. Near term outlook is for continued equity upside, which will keep the VIX subdued into June.


TVIX, daily

UVXY, daily

Summary

*first, a reminder on the VIX, which despite the Friday decline, saw a net weekly gain of 1.3%.

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Little to add.

Equities look set to battle higher into the sp'2140s.. if not the 2160/80 zone.. as early as mid June.

The big VIX 20 threshold looks out of range until at least the FOMC of June 17'th.
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As for TVIX and UVXY.. the week over week... month over month horror show.... continues.