direxion daily homebuilders & supplies bear 3x shares

Looking at the recent price action in the Direxion Daily Homebuilders & Supplies 3x Shares (ticker: NAIL), the market seems to agree. One of these indicators is the NAHB (National Association of Home Builders) housing market index (a survey of 900 home builders); after seven successive months of relentless sequential progress, the index reading for December dropped to 86, below street estimates of 88. The monthly chart gives you the long-term perspective, the weekly chart an intermediate perspective, and the daily chart the short-term perspective. Indeed, much of the uncertainty lies with the Federal Reserves ability to engineer a soft landing for the U.S. economy and not raising rates too much to tip it into recession. 1 day 2 days 5 days 10 days ---------- 1 month 2 months 3 months 6 months YTD 1 year 2 years 3 years 4 years 5 years 1 decade All Data Basic Chart Advanced Chart Companies within the industry may be significantly affected by the national, regional and local real estate markets, changes in government spending, zoning laws, interest rates and commodity prices. Select Home Construction Index. A Funds prospectus and summary prospectus should be read carefully before investing. NAV and Market Price information as of . For other risks including correlation, compounding, market volatility and risks specific to an industry or sector, please read the prospectus. Incidentally, this was also the first time (since records have been maintained) that the national inventory fell below 700,000 active listings! Direxion Daily Homebuilders & Supplies Bear 3X Sha historical data, for real-time data please try another search. Companies within the industry may be significantly affected by the national, regional and local real estate markets, changes in government spending, zoning laws, interest rates and commodity prices. Select Home Construction Index is a product of S&P Dow Jones Indices LLC (SPDJI), and has been licensed for use by Rafferty Asset Management, LLC (Rafferty). Some performance results reflect expense reimbursements or recoupments and fee waivers in effect during certain periods shown. The Fund creates long positions by investing at least 80% of its assets in. Though concerns about the spread of the Delta Variant of coronavirus worried investors, low rates boosted the demand for stock investments. An investor should carefully consider a Fund's investment objective, risks, charges, and expenses before investing. The CUSIP Database, 2011 American Bankers Association. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment. After correcting from the $65 levels in mid-October, NAIL has struggled to break past the $52-56 range in Nov/Dec, forming a bearish triple top reversal pattern in the process. Overall, last week was upbeat for Wall Street with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 gaining about decently. Active and frequent trading associated with a regular rebalance of a fund can cause the price to fluctuate, therefore impacting its performance compared to other investment vehicles. FTX valued at zero by Sequoia: Some surprise to the upside, and some surprise to the downside, VC firm says. A Funds prospectus and summary prospectus should be read carefully before investing. In the meantime, every utterance by a Fed President creates a frenzy where traders reprice Fed Funds Futures, which is how they bet on Fed rate hikes. The U.S. consumer and labor market are proving surprisingly resilient to what is a very hawkish Federal Reserve aggressively hiking rates to curb inflation. Yet its not all roses, as recent earnings reports all essentially say the same thing: order cancellations are increasing while new orders are declining, reflecting the housing economic data. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. NAIL - Direxion Daily Homebuilders & Supplies Bull 3X Shares. Seeks to combine both fundamental and technical disciplines while making an investment/trading proposition. The dire supply situation is reiterated by data from the US census bureau which shows that monthly supply of houses in the US (this ratio shows how long the "houses for sale" inventory would last in months, given the number of "houses currently being sold", and assuming no additional houses being built) at a little over 4 months is still inordinately low by historical standards, implying that much needs to be done to get the supply to more normal levels. Market open.. View NAIL exchange traded fund data and compare to other ETFs, stocks and exchanges. Wall Street was upbeat last week due to better-than-feared corporate earnings, upbeat retail sales for the month of June and investors' beliefs that markets have reached a bottom. This Website does not provide investment advice or recommendations, nor is it an offer or solicitation of any kind to buy or sell any investment products. Although inflationary fears and the rapidly spreading Omicron variant of COVID-19 have kept investors jittery, strong consumer confidence and a holiday sales surge have driven the market higher. So it may have come as a surprise to Wall Street when the barrage of homebuilders reported decent earnings with optimistic outlooks on the housing market. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment. The Funds are non-diversified and include risks associated with concentration risk which results from the Funds investments in a particular industry or sector and can increase volatility over time. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause its price to fluctuate over time. The use of leverage by a Fund increases the risk to the Fund. > 80% . Exchange-traded funds with exposure to the residential construction industry surged Tuesday morning after the Federal Reserve cut interest rates. NAIL Daily Homebuilders & Supplies Bull 3X Shares. What other stocks do shareholders of Direxion Daily Homebuilders & Supplies Bull 3x Shares own? Tietosuojakytnnstmme ja evstekytnnstmme voit lukea listietoa siit, miten kytmme tietojasi. Hong Kong Investors This website and the investment products referenced herein (Website) are directed to persons who are Professional Investors within the meaning of the Hong Kong Securities and Futures Ordinance (Cap. One cannot directly invest in an Index. Q Does Direxion Daily Homebuilders & Supplies Bull 3X . Direxion Daily Homebuilders & Supplies Bull 3X Shares U.S.: NYSE Arca Add to Watchlist 0.00 NAIL Real Time Quote Key Fund Data Net Assets $101.300M 52 Wk Range 18.98 - 127.84 52 Week Return N/A. I have no business relationship with any company whose stock is mentioned in this article. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and . A Fund's prospectus and summary prospectus should be read carefully before investing. Direxion Shares Risks - An investment in the ETFs involves risk, including the possible loss of principal. The best technical set-ups come about when you witness synchronicity across these three time frames, but with NAIL that is not the case and I'm seeing some conflicting signals across all three time frames. NAIL Index Top Ten Holdings as of June 30, 2022: Leveraged and Inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. The ETFs are non-diversified and include risks associated with concentration that results from an ETFs investments in a particular industry or sector which can increase volatility. Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) NYSEArca - Nasdaq Real Time Price. The performance data quoted represents past performance. I wrote this article myself, and it expresses my own opinions. Kun napsautat Hyvksy kaikki, hyvksyt sen, ett Yahoo ja kumppanimme ksittelevt henkiltietojasi ja nyttvt evsteiden kaltaisten tekniikoiden avulla sinulle rtlity mainontaa ja sislt sek hydyntvt nit tekniikoita mainosten ja sislln mittaamisessa, kohderyhmtiedoissa ja tuotekehityksess. A Funds prospectus and summary prospectus contain this and other information about the Direxion Shares. A Fund's prospectus and summary prospectus contain this and other information about the Direxion Shares. Some think the sector could be poised for a breakout. The use of leverage by a Fund increases the risk to the Fund. Also, given the presence of leverage (the ETF commonly uses swap agreements and futures contract), this is clearly not an ETF meant for everyone, more so if you're someone who is not into active management, or lack the time to track the performance on a daily basis (I will cover the leverage risk in detail in this article). Find the latest Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) stock discussion in Yahoo Finance's forum. We highlight a few leveraged ETF areas that won last week. Since then, NAIL shares have decreased by 78.0% and is now trading at $27.27. Active and frequent trading associated with a regular rebalance of a fund can cause the price to fluctuate, therefore impacting its performance compared to other investment vehicles. As you can see from the chart below, the current uptrend in the metric (since Jan 2019) is the longest it's seen since 2013, and is due a correction. Line chart shows pricing trend over the last 30 days. They are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments. -72.44. The major indices have reached series of record highs this year on the back of improving economy and return of strong corporate earnings growth. Another indicator I track is the pending home sales index from the National Association of Realtors (NAR) that measures the number of homes under contract to be sold but still awaiting the closing transaction (this does not include new construction). View the best growth stocks for 2022 here. Buy Housing ETFs On Earnings Strength, 6 Leveraged ETFs That Gained More Than 25% in October, 5 Inverse/Leveraged ETF Areas of Last Week, Todays Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday, Best-Performing Leveraged ETFs of the First Half, Dreyfus Government Cash Management Institutional Shs, Financial Square Treasury Instruments Fund FST Shares. Also, note that current levels are still quite high by historical standards; as you can see from the chart, from the start of 2016 till the pandemic earlier this year, this metric has tended to hover around a range of 98.7 to 115. The Direxion Shares ETFs are not designed to track their respective underlying indices over a period of time longer than one day. Get the latest Direxion Daily Homebuilders & Supplies Bull 3X Shs (NAIL) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and . The Dow Jones U.S. Select Home Construction Index is a product of S&P Dow Jones Indices LLC (SPDJI), and has been licensed for use by Rafferty Asset Management, LLC (Rafferty). Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. This leveraged ETF seeks a return that is 300% of the return of its benchmark index for a single day. 13.69 0.00 0.00%. The Fund creates long positions by investing at least 80% of its assets in the securities that comprise the Index and financial instruments that provide leveraged and unleveraged exposure to the Index. Select Home Construction Index. Log in to see them here or sign up to get started. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. The investment return and principal value of an investment will fluctuate. Select Home Construction. Direxion Daily Homebuilders & Supplies Bull 3x Shares' stock was trading at $123.80 at the start of the year. NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares What is NAIL? Subscriber Agreement & Terms of Use, Of course, a soft landing for the U.S. economy would mean not only lower mortgage rates but an increase in housing demand as economic conditions improve and the structural housing supply shortage remains. Still, amid rising mortgage rates, multiple hot CPI* prints, and a buildup of inventory, the American homebuyer is proving resilient and demand is still strong. Get quote details and summary for Direxion Daily Homebuilders & Supplies Bull 3X Shs. Share your opinion and gain insight from other stock traders and investors. Perhaps the single biggest tailwind for the continuation of ongoing homebuilding momentum is the prevalence of record-low housing inventory. The homebuilding industry includes home builders (including manufacturers of mobile and prefabricated homes), as well as producers, sellers and suppliers of building materials, furnishings and fixtures. All in all, it does seem to me that to get the most fruitful experience from this product, there needs to be a degree of exactitude and clarity on the part of the investor with regards to her timing and her holding period. In the months ahead, I would expect further mean reversion on the pending home sales index. Create a list of the investments you want to track. Select Home Construction Index. The issue has been compounded even further with the 50DMA dropping below the 100DMA (Death cross pattern) on 17th December, indicating the likely start of bearish momentum (the 50DMA has been trading above the 100DMA since 15-July-2020). These factors should ideally continue to aid sentiment for homebuilding companies. Raffertys ETFs are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the Dow Jones U.S. This browser is no longer supported at MarketWatch. Even a relatively flat performance can hurt you. decide if they'd like to pursue this product at this juncture. The Fund is non-diversified and include risks associated with the Fund concentrating its investments in a particular industry, sector, or geography which can increase volatility. Foreside Fund Services, LLC is the distributor for the Direxion Shares in the United States only. Select Home Construction Index saw a total return of 16.6% in July, according to S&P Dow Jones Indices. We highlight a few leveraged ETFs that shot up last week. An investor should carefully consider a Funds investment objective, risks, charges, and expenses before investing. The ETF I'll be reviewing today - The Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF (NYSEARCA:NAIL), is a leveraged play on the abovementioned index; the ETF looks to provide "daily" investment results that are 300% of the return of DJSHMBT (in other words, 3x the daily return of DJSHMBT). Over recent months, some of these previously strong housing market indicators have begun to turn, implying that the momentum may be stalling. Candlestick charts display the high, low (stick), open, and closing prices (body) of a security for a specific period. ERX Daily Energy Bull 3X Shares. NAIL provides 3x daily leveraged bullish exposure to an index composed of US companies within the home. Select Home Construction Index. or. Risks of the Fund include Effects of Compounding and Market Volatility Risk, Leverage Risk, Market Risk, Market Disruption Risk, Aggressive Investment Techniques Risk, Counterparty Risk, Intra-Day Investment Risk, Daily Index Correlation/Tracking Risk, Other Investment Companies (including ETFs) Risk, and risks specific to the securities of the Homebuilding Industry, Consumer Good Sector, and Consumer Services Industry.

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