VelocityShares Daily 2x VIX ST ETN (TVIX)

[schmelzy]

TVIX is not a stock. Its an instrument used to measure "volatility" although unfortunately it usually only goes up when the market goes down. The market can pop 5% in a day but TVIX will go down even though I'd consider a 5% pop an extremely volatile move.

It is more accurate as its been nicknamed as the fear index. More fear the better for TVIX. I think the market is greedy, and the only way to have fear come back, from a charting perspective, is if it breaks below the recent low in the 293 area.