$Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL...

we need a blow off day down to about a hundred could be 95 could be 98 but right in that area.

toll Brothers came out earlier this week their guidance was not too spectacular and took down all of the other home builders. this being a leveraged ETF the losses get magnified.

however it's going to recover and it will recover very quickly.

so when you see right around the $100 $98 and if it's a straight down day where it's down 10 $12 you may want to nibble and initiate a position.

I'm going to be buying call options when it gets down into that point and I might have to do it in two batches cuz it's very difficult to time this ETF.

so it could be 98 one day and then the next day we get a sell-off and it's $90 in which case you have to buy more calls.

but this one will recover right around the $140 level on the next push if it reaches the $100 or better price