TVIX "The investment seeks to replicate, net of expenses, the returns of twice (2x) the daily performance of the S&P 500 VIX Short-Term Futures index. The index was designed to provide investors with exposure to one or more maturities of futures contracts on the VIX, which reflects implied volatility of the S&P 500 Index at various points along the volatility forward curve. The ETNs are linked to a multiple (2x) of the daily return of the index and do not represent an investment in the VIX."
I held too ..it will take considerable time for the markets to digest this shock to the EU. If we hear that other countries may be now considering their own EXIT then the sky is the limit for TVIX. Look for some futile manipulative efforts at painting the tape Monday premart but we are going down again next week for sure.
it was pretty clear that a great deal of risk was associated with the BREXIT vote yesterday. the risk/reward ratio favored holding UVXY through the vote results IMHO which I did. are you feeling confident that the market rebounds on Monday?I am not I think this presents a global market nightmare scenario. If I am on the right path grab UVXY or TVIX and hold on for the ride of your life!