ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[weazelboy]

That's the problem, oversold and other technical indicators DO NOT APPLY here. The decay is so great...it's like attempting to ski uphill. Sure, there are times you can catch it when chaos erupts, but you gotta be in and out quick...as gains rarely ever hold.

Unless/until there is a true black swan event and VIX stays above 25 for an extended period...this is nothing more than a pure gamble.