I gotta call BS on the no technicals statement. TVIX is designed to trade opposite the $VIX. The $VIX is a volatility index taken from the S&P options. Therefore TVIX trades opposite as a 3X short ETN.
The S&P has been in an uptrend all through the existence of TVIX. Since the price of TVIX was designed to trade opposite it is doing exactly that because of the market continuing its upward trend. Short it in a market (S&P) downtrend and you will go broke as fast as anyone holding TVIX in an uptrend. It is math pure and simple.
TVIX is traded successfully every day based on technicals. The market trading algobot programs are based on technicals. What makes TVIX wild is the market. Credit Suisse just created it to trade opposite the market volatility. Again, that is math. It is based on technicals.
Graph shows TVIX doing exactly what the technicals say it should be doing. Change market direction and TVIX direction will change. Chart validates that TVIX trades as designed.
Because those with too little technical knowledge and skill can't apply technicals doesn't negate their existence or usefulness by others. Your statement that TVIX is tied to nothing is also patently false. JMO.
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