VIX ETFs completely erase this week’s gains after the Dow pulls ten day high VIX ETFs completely folded today after the Dow Jones Industrial Average registered its tenth straight day in a row of all time record highs.  VIX ETFs and the VIX Index were on a roll earlier this week when it appeared that the Dow Jones Industrial Average was about to tip over the edge and fall.  However, the Dow continued to rise today, likely erasing any fear left in the marketplace. The iPath S&P 500 VIX Short Term Futures ETN (NYSEARCA:VXX) registered a -1.91% drop today, while the VelocityShares Inverse VIX Futures ETN (NYSEARCA:XIV) gained 1.84%.  The VIX Index itself registered a -4.48% to close at an 11.30, breaking its 6 year low record. So, as mentioned yesterday, the VIX has overbought RSI and Stochastic indicators, suggesting a new uptrend in the VIX very soon.  The Dow Jones Industrial Average’s piecemeal gains also suggest that the Index may roll over soon, as smaller gains usually suggest a stalling or flattening out of markets.  So, with a few positive VIX Indicators and a possible cooling off the Dow Jones, perhaps the Dow will fear the VIX in the short term.  However, if the Dow continues this winning streak, then we are likely looking at lower VIX prices soon. VIX ETF Update: Volatility Index – New Methodology (VIX): Index: 11.30, -4.48%  iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX): -1.91%, This ETN is designed to track volatility in the markets as measured by the Chicago Board Options Exchange Market Volatility Index (CBOE Index), a popular measure of the implied volatility of S&P 500 index options.  The CBOE Volatility Index is also known as the “fear” index or “fear” indicator in markets.  The iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) prices itself off of the average and implied volatility of the first two months of futures contracts of the S&P 500 Index. VelocityShares Daily 2X VIX Short-Term ETN (NYSEARCA:TVIX): -2.25%, This ETN is designed to track 2X return on volatility in the markets as measured by the S&P 500 VIX Short-Term Futures Index.  The S&P 500 VIX Short-Term Futures Index measures the volatility of the S&P 500 Index via futures contracts as traded on the CBOE.  The CBOE Volatility Index is also known as the “fear” index or “fear” indicator in markets. iPath S&P 500 VIX Mid-Term Futures ETN (NYSEARCA:VXZ): -.09%, This ETN is designed to track volatility in the markets as measured by the CBOE Volatility Index futures contracts.  The CBOE Volatility Index is also known as the “fear” index or “fear” indicator in markets.  The iPath S&P 500 VIX Mid-Term Futures ETN (NYSEARCA:VXZ) is priced from the average volatility of the 4 th through 7 th month futures contracts of the S&P 500 Index as traded on the CBOE. S&P 500 Dynamic VIX ETN (NYSEARCA:XVZ): +.44%, This ETN is designed to track volatility in the markets as measured by the S&P 500 Dynamic VIX Futures Total Return Index.  The S&P 500 Dynamic VIX Futures Total Return Index seeks to combine results of volatility of the S&P 500VIX Short-Term Futures Index Excess Return and the S&P 500 VIX Mid-Term Futures Index Excess Return to create an accurate market volatility reading, as measured by the CBOE.  The CBOE Volatility Index is also known as the “fear” index or “fear” indicator in markets. Velocity Shares Daily Inverse VIX Short-Term ETN (NYSEARCA:XIV): +1.84%, This ETN is designed to inversely track the volatility in the markets as measured by the S&P 500 VIX Short-Term Futures Index.  The S&P 500 VIX Short-Term Futures Index measures the volatility of the S&P 500 Index via futures contracts traded on the CBOE.  The CBOE Volatility Index is also known as the “fear” index or “fear” indicator in markets. Bottom Line:  The VIX Index and VIX ETFs appeared to be spooked by the Dow, which continues to turn heads.  Whenever this miracle market stops, the VIX will likely be back in vogue. Sign up for Wall Street Sector Selector’s FREE Stock Market Timing Indicator! Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to Wall Street Sector Selector’s Disclaimer , Terms of Use , and Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.