Good Monday morning. This morning we’re adding to our position in NAIL (3 x Housing ETF).

Alert: below we see that XHB (non-leveraged homebuilder ETF) sits 13% below its 200 dma and has pulled back to a solid area of support, while last week hitting extreme oversold readings. Housing is our most important leading economic indicator and under Trump 2.0 will play a leading role during the rebirth of Americas manufacturing base.

Know this; when 40% of homeowners have no mortgage on their home, and with home equity and consumer net worth at ATH’s, the very last thing we have to worry about is another crash in the housing market. Millennials are driving housing (just as they are driving most everything, economically). We continue to look for homebuilders and the housing market to surge during Trump 2.0, especially as interest rates continue to tumble.

Our cost basis in NAIL is $88. A purchase here at $64 will bring our cost basis down to $76. Enter a market order to add to your pos...