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Being healthy is a basic requirement in order to fully appreciate the good things around us and be inspired to work for the realization of our dreams and goals. It is a fundamental necessity to earn a living in order to survive. When you are not healthy, your routine activities are disrupted. Medical news show that discomforts caused by annoying bodily disturbances or by nagging problems result in persistent unhappy moods that may drain your capacity to cope and adjust.But then, how do you know you are healthy? Perhaps you may consider yourself healthy but are considered unhealthy by another. You may have your own idea of what characterizes a healthy person. It is indeed better if everyone has a common basis for determining when a person is truly healthy. What then are the qualities that one must have in order to be considered healthy?To determine the status of your health, you should look into the six dimensions of your life which is the physical, mental, emotional, social, vocational and spiritual dimension. These six dimensions will give ideas to ascertain the level of health. Medical journals say that all these are expected to interact in conformity with each other. Any disorder involving one dimension may affect other dimensions.Physical health involves the different systems of the body. All the body mechanisms are expected to operate harmoniously to be considered fit in meeting the demands of daily activities. Each system should monitor the functioning of the organs to make the necessary adjustment in order to maintain balance. For example, when you are suffering from loose bowel movement, the other organs that release water such as the sweat gland and the kidneys will be called upon to conserve water to prevent dehydration.Mental and emotional health can be seen as your way of looking at your ability to perform your task and face problems in an appropriate manner. It is also the capacity to make and apply good decisions and at the same time feel good inside. If you possess mental and emotional health, you are optimistic in life and are appreciative of the things around you. You can also accept disappointments with courage and composure. Social health includes your ability to get along with others and create a relaxed atmosphere by being sensitive and responsive to the needs of others.Vocational health applies to your behavior and attitude in carrying out the duties and obligations of your chosen career. As an adult, you should consider your attitude in doing your responsibilities as a worker in preparation towards gaining financial independence in the future. Spiritual health is also another important dimension. Any disturbance in the operation of the other dimensions may still be handled as long as spiritual health is maintained.All these dimensions overlap and interact with one another. Therefore, to be in the best of health and experience fulfillment in life, you should see to it that all these dimensions work cooperatively to attain balance. Be alert with the latest health news and what you can do to maintain optimum health. To achieve this, you have to accept the responsibility of looking after your own health to live longer and at the same time experience satisfaction and happiness.

Summary
SPDN is not the largest or oldest way to short the S&P 500, but it’s a solid choice.
This ETF uses a variety of financial instruments to target a return opposite that of the S&P 500 Index.
SPDN’s 0.49% Expense Ratio is nearly half that of the larger, longer-tenured -1x Inverse S&P 500 ETF.
Details aside, the potential continuation of the equity bear market makes single-inverse ETFs an investment segment investor should be familiar with.
We rate SPDN a Strong Buy because we believe the risks of a continued bear market greatly outweigh the possibility of a quick return to a bull market.
Put a gear stick into R position, (Reverse).
Birdlkportfolio

By Rob Isbitts

Summary
The S&P 500 is in a bear market, and we don’t see a quick-fix. Many investors assume the only way to navigate a potentially long-term bear market is to hide in cash, day-trade or “just hang in there” while the bear takes their retirement nest egg.

The Direxion Daily S&P 500® Bear 1X ETF (NYSEARCA:SPDN) is one of a class of single-inverse ETFs that allow investors to profit from down moves in the stock market.

SPDN is an unleveraged, liquid, low-cost way to either try to hedge an equity portfolio, profit from a decline in the S&P 500, or both. We rate it a Strong Buy, given our concern about the intermediate-term outlook for the global equity market.

Strategy
SPDN keeps it simple. If the S&P 500 goes up by X%, it should go down by X%. The opposite is also expected.

Proprietary ETF Grades
Offense/Defense: Defense

Segment: Inverse Equity

Sub-Segment: Inverse S&P 500

Correlation (vs. S&P 500): Very High (inverse)

Expected Volatility (vs. S&P 500): Similar (but opposite)

Holding Analysis
SPDN does not rely on shorting individual stocks in the S&P 500. Instead, the managers typically use a combination of futures, swaps and other derivative instruments to create a portfolio that consistently aims to deliver the opposite of what the S&P 500 does.

Strengths
SPDN is a fairly “no-frills” way to do what many investors probably wished they could do during the first 9 months of 2022 and in past bear markets: find something that goes up when the “market” goes down. After all, bonds are not the answer they used to be, commodities like gold have, shall we say, lost their luster. And moving to cash creates the issue of making two correct timing decisions, when to get in and when to get out. SPDN and its single-inverse ETF brethren offer a liquid tool to use in a variety of ways, depending on what a particular investor wants to achieve.

Weaknesses
The weakness of any inverse ETF is that it does the opposite of what the market does, when the market goes up. So, even in bear markets when the broader market trend is down, sharp bear market rallies (or any rallies for that matter) in the S&P 500 will cause SPDN to drop as much as the market goes up.

Opportunities
While inverse ETFs have a reputation in some circles as nothing more than day-trading vehicles, our own experience with them is, pardon the pun, exactly the opposite! We encourage investors to try to better-understand single inverse ETFs like SPDN. While traders tend to gravitate to leveraged inverse ETFs (which actually are day-trading tools), we believe that in an extended bear market, SPDN and its ilk could be a game-saver for many portfolios.

Threats
SPDN and most other single inverse ETFs are vulnerable to a sustained rise in the price of the index it aims to deliver the inverse of. But that threat of loss in a rising market means that when an investor considers SPDN, they should also have a game plan for how and when they will deploy this unique portfolio weapon.

Proprietary Technical Ratings
Short-Term Rating (next 3 months): Strong Buy

Long-Term Rating (next 12 months): Buy

Conclusions
ETF Quality Opinion
SPDN does what it aims to do, and has done so for over 6 years now. For a while, it was largely-ignored, given the existence of a similar ETF that has been around much longer. But the more tenured SPDN has become, the more attractive it looks as an alternative.

ETF Investment Opinion

SPDN is rated Strong Buy because the S&P 500 continues to look as vulnerable to further decline. And, while the market bottomed in mid-June, rallied, then waffled since that time, our proprietary macro market indicators all point to much greater risk of a major decline from this level than a fast return to bull market glory. Thus, SPDN is at best a way to exploit and attack the bear, and at worst a hedge on an otherwise equity-laden portfolio.