$Direxion S&P Biotech Bull 3X(LABU.US) and $Direxion FTSE China Bull 3X(YINN.US) really got slaughtered today. Playing with this kind of leverage makes my heart skip a beat, and the losses are making me almost zen-like 🥺.
The high-dividend $Schwab US Div Eq(SCHD.US) and $JPMorgan Nasdaq Equity Premium Income ETF(JEPQ.US) also showed little resistance following the U.S. market adjustment. I really wonder if even retirement money can't hold up this market. Meanwhile, $Direxion FTSE China Bear 3X(YANG.US) is actually standing out alone…
This market sentiment is really beyond words. I'll continue to watch and be careful. It's too easy to get harvested if you jump in under these market conditions.
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