Leveraged ETFs have been really torturous lately. 2x INTC and PTIR dropped over ten percentage points in a single day, while LABU was practically halved. Both the technology and healthcare sectors, the two main themes, have become meat grinders. One can only say that those holding them need nerves of steel. Momentum ETFs like SPMO and MAGS are also starting to show signs of fatigue. Even the "Magnificent Seven" can fall for several consecutive days, showing the market truly has little moat left. Rallies fade, and good news being realized just means high volatility. Those daring to play these are either true believers or pure gambling addicts. Continue to watch and wait, keep your hands in check. Being slow to act is never wrong.
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