SPKY ETF

The ConvexityShares Daily 1x SPIKES Futures ETF SPKX fell about 5% on Monday, ahead of several key economic data sets, which will offer traders and investors clues as to whether the Federal Reserve will apply another rate hike next month.

The SPDR S&P 500 SPY was volatile Friday after Federal Reserve chair Jerome Powell's opening remarks at the Jackson Hole Symposium indicated the central bank may continue to raise interest rates and hold them at a restrictive level until inflation falls to its 2% goal.

The ConvexityShares Daily 1.5x SPIKES Futures ETF SPKY was spiking up almost 1% higher Tuesday, possibly confirming a new uptrend, which Benzinga pointed out was likely to happen on Monday.

Volatility in the stock market was increasing on Thursday due to major stock indices breaking down through the 50-day moving average, which is a critical support level.

The SPDR S&P 500 SPY was falling about 0.8%s during Tuesday's trading session, while the CBOE Volatility Index VIX was spiking over 8% at one point amid a retail-heavy earnings week that was preceded by stronger-than-expected retail sales numbers released by the U.S. Census Bureau Tuesday morning.

The SPDR S&P 500 SPY was trading mostly flat Wednesday, ahead of key July inflation data, set to be released by the Bureau of Labor Statistics before the stock market opens Thursday.

The SPDR S&P 500 SPY was trading relatively flat Monday, while the the CBOE Volatility Index VIX was popping up about 4.5% higher ahead of another big earnings week, which will see Advanced Micro Devices, Inc, Apple, Inc and Amazon.com, Inc print quarterly earnings.

On Friday, the Convexity Daily 1.5x SPIKES Futures ETF SPKY was consolidating over 5% lower after surging about 11% on Thursday, which Benzinga called out was likely to happen on Monday.

ConvexityShares Daily 1.5x SPIKES Futures ETF SPKY was trading flat Wednesday, hovering just under the $5 mark –an area that has been acting as resistance ahead of the Federal Reserve's decision on whether to hike interest rates.