Ok so right now kind of a mixed bag here but the long term picture is bullish. This week could be choppy and ugly and not leaning strongly one way or the other this week despite the cart below.
This is really really remarkable. This is a pretty similar situation to 1995 where sentiment bottomed also. If one to follow this script, we have at least 1-2 years of upside movement before the market tanks. There is no sign of euphoria right now which marks equity tops.
GDX consolidating for a potential move lower
But GLD is still within its channel which makes me think the risk is to the downside rather than the other way around. I will probably buy GLD 126 Nov puts on Monday if GLD is at similar levels. 120 I feel is a reasonable target with a 200% profit potential as 126's are trading around 2.00
Obviously nothing here but this one is liquid and within a week, we should see something hopefully emerge as actionable.
TTD also a new IPO, watching this cook.