Uvxy higher now with Dow up 90, then when Dow was in Red
You can't make this stuff up. The higher the Dow goes today the more stable (on the upside) Uvxy is. Crazy stuff but a month ago or three months ago Uvxy would be down 12% on a day like today. Either Uvxy has hit bottom (which no one believes) or the sucker is broken (which everyone believes)
Dude - Its Broken. When Uvxy goes up when the market goes up in a size able move like today its one messed up ETF. Oh, and maybe you should do a little DD - research and go back a few months or years and see the track record for this (one way) down ETF). It rarely if ever trades up when the market is up 80, 90, 100 points. Unless of course when its broken.