TVIX, daily
UVXY, daily
Summary
*first, an update on the VIX, which saw a net weekly gain of 17.2%
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As for TVIX and UVXY, it was a somewhat disappointing end to the week. However, despite net Friday declines, the daily candles were of the reversal (hollow red) type, and bode for renewed upside on Monday.
The upper bollinger for TVIX will be around $6 on Monday, and that is arguably the highest level it might manage across next week.
UVXY will have strong resistance around $25/26.
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*I continue to hold TVIX, seeking an exit in the $5.50/6.00 zone next Mon/Tuesday. I would imagine there is high opportunity that I would then be able to buy back in the 5.25/4.75 zone by next Thurs/Friday.
