...watch out below!
To be fair, VIX is now negative. Looking at that, I don't see UVXY gaining any strength today. If market closes in the red, another 0.05% rally in SPX would be on the cards and this will become $6.90 ETF.
If the market turns around today (close to even...) this thing will be under $7 near the end of the day.
this p. u. k. e goes down when the market is down and goes down more when the markets are up. lol!! looks like shorting it is a sure win.
If it spikes...I short it. It is looking extra weak today...