NAIL: Homebuilders Are In A Strong Uptrend (Technical And Intermarket Analysis) (NAIL)


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Summary

Seeking Alpha Quant ranks Direxion Daily Homebuilders & Supplies Bull 3X Shares (NYSEARCA:NAIL) as the top ETF is in the class of equity leveraged funds. The recent decline in mortgage rates has led to improved earnings expectations for homebuilding

Period

DJUSHB

NAIL

12/24/18 – 2/20/20

81.61%

373.01%

2/20/20 – 3/23/20

-56.05%

-93.11%

3/23/20 – 12/10/21

257.33%

1762.41%

12/10/21 – 10/20/22

-38.44%

-84.40%

10/20/22 – 8/1/23

86.50%

335.04%

8/1/23 – 10/25/23

-18.49%

-52.45%

10/25/23 – 12/5/23

27.83%

91.05%



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