NAIL: Unlikely To Be More Good News

Tony Anderson The Direxion Daily Homebuilders & Supplies Bull 3X Shares ETF (NYSEARCA:NAIL) is a leveraged exchange-traded fund, or ETF, that covers an index containing some of the major U.S. homebuilders. We think that while news has been good for the homebuilding sector, particularly on rates, good news won't become better news anytime soon, so a leveraged ETF is a little out of the question for now as far as we're concerned. First, a critical note on the general issues of leveraged ETFs. Note on Leverage ...