However, it's not too early to think about re-entry, especially into China stocks and ETFs that have already taken big price hits. MCHI has a high-volume node at around $59/share that ought to offer some support at that level. That would be a great place to add shares of this fund. If the fund falls further, to $54-55, it might be time to consider a leveraged entry into the Direxion Daily China Bull , YINN . Of course, you'll have to use your judgment regarding fear levels and headline risk whenever the fund hits one of these levels. You'll want to wait to re-enter until the bad headlines are slowing down and the fear has started to burn itself out.
In the meantime, I'm holding some GDXJ and YANG over the weekend, though not in large amounts. After all, there's always the possibility that they'll get a handle on the virus over the weekend and the headlines will be good.