Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

In this publication we outline our U.S. equity strategy, and provide a detailed analysis and actionable ideas within each of our 12 Sectors. The document contains links to each Sector, as well as our comments and important technical levels for major commodities, interest rates and world markets.

In this publication we outline our U.S. equity strategy, and provide a detailed analysis and actionable ideas within each of our 12 Sectors. The document contains links to each Sector, as well as our comments and important technical levels for major commodities, interest rates and world markets.

U.S. Equity Strategy: Up and to the Right

Cross-Asset Liquidity Strategist, CrossBorder Capital

Michael J. Howell

Cross-Asset Liquidity Strategist

Implementing Research Using Alt Data & AI

CrossBorder Capital

CrossBorder Capital is a London-based independent investment advisory firm. Founded in 1996, it exploits a gap in the investment arena by focusing on Central bank liquidity. 

It specialises in the monitoring and analysis of global liquidity flows - an important determinant of asset prices, from currencies through to bonds, equities and real estate.

CrossBorder Capital implements its investment strategy and currently manages over US$ 350m.


Macroeconomics

<ul>
<li>Global Liquidity has turned sharply higher</li>
<li>US Fed and ECB are driving a new QE4 (quantitative easing)</li>
<li>Bullish for risk assets, such as gold and DM equities</li>
<li>World economy likely close to an upward turning point</li>
<li>China is lagging. No evidence yet that PBoC is easing</li>
</ul>


Global Liquidity has turned sharply higher
US Fed and ECB are driving a new QE4 (quantitative easing)
Bullish for risk assets, such as gold and DM equities
World economy likely close to an upward turning point
China is lagging. No evidence yet that PBoC is easing


Materials, IPO & Equity Analyst

Venkat Ramana Nandyal

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

Heaven-Sent Gold / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/heaven-sent-gold" target="_blank" data-smartkarma-citation="entities:28336:1" rel="noopener">Heaven-Sent Gold (HSG HK) </a>is an African based gold mining company incorporated in Hong Kong in 2015. The company operates 2 gold mines Tau Lekoa mine and Kopanang mine and two processing plant West Gold Plant and Nicolor Plant. CLSA is the lead banker, the company has not indicated the size of the issue.

Heaven-Sent Gold (HSG HK) is an African based gold mining company incorporated in Hong Kong in 2015. The company operates 2 gold mines Tau Lekoa mine and Kopanang mine and two processing plant West Gold Plant and Nicolor Plant. CLSA is the lead banker, the company has not indicated the size of the issue.

Heaven-Sent Gold IPO: In Search of Profits

Commodities

we expand on our previous note <a href="https://www.smartkarma.com/insights/gold-is-it-the-beginning-of-new-golden-era-or-end-of-the-bull-run" target="_blank" data-smartkarma-citation="insights:12832" rel="noopener">Gold: Is It the Beginning of New Golden Era or End of the Bull Run?</a> Our analysis of returns on gold and gold-stock indicates the following:<ul>
<li>Gold stocks and gold commodity had no returns in FY18,</li>
<li>YTD FY19 gold stocks returns were superior compared to gold commodity,</li>
<li>Our portfolio of 11 gold producers returned 55% YTD with a Sharpe ratio of ~2.</li>
<li>Given the volatility in markets, we believe that ‘flight to safety’ will continue in short to mid-term, supporting gold prices.</li>
</ul>

we expand on our previous note Gold: Is It the Beginning of New Golden Era or End of the Bull Run? Our analysis of returns on gold and gold-stock indicates the following:
Gold stocks and gold commodity had no returns in FY18,
YTD FY19 gold stocks returns were superior compared to gold commodity,
Our portfolio of 11 gold producers returned 55% YTD with a Sharpe ratio of ~2.
Given the volatility in markets, we believe that ‘flight to safety’ will continue in short to mid-term, supporting gold prices.


As the market churns in a one step forward, one step back fashion, we remain in wait-and-see mode as to whether recent improvements in cyclical value areas of the market have staying power. Considering the lack of breakouts or breakdowns in key cyclical areas of the market, our neutral outlook remains intact. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary, Financials, and Manufacturing: Retailers, Auto Parts, Canadian Banks, and Building Products and Fixtures.

As the market churns in a one step forward, one step back fashion, we remain in wait-and-see mode as to whether recent improvements in cyclical value areas of the market have staying power. Considering the lack of breakouts or breakdowns in key cyclical areas of the market, our neutral outlook remains intact. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary, Financials, and Manufacturing: Retailers, Auto Parts, Canadian Banks, and Building Products and Fixtures.

U.S. Equity Strategy: One Step Forward, One Step Back

United States

Gold is a chemical element with the symbol Au (from Latin: aurum) and the atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

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Gold (GOLD COMDTY)

U.S. Equity Strategy: Up and to the Right

In this publication we outline our U.S. equity strategy, and provide a detailed analysis and actionable ideas within each of our 12 Sectors. The...

Vermilion Research

Global Liquidity Surges

Global Liquidity has turned sharply higher US Fed and ECB are driving a new QE4 (quantitative easing) Bullish for risk assets, such as gold and DM...

Michael J. Howell

Heaven-Sent Gold IPO: In Search of Profits

Heaven-Sent Gold (HSG HK) is an African based gold mining company incorporated in Hong Kong in 2015. The company operates 2 gold mines Tau Lekoa...

Venkat Ramana Nandyal

Gold: Gold Stocks Making a Comeback?

we expand on our previous note Gold: Is It the Beginning of New Golden Era or End of the Bull Run? Our analysis of returns on gold and gold-stock...

Venkat Ramana Nandyal

U.S. Equity Strategy: One Step Forward, One Step Back

As the market churns in a one step forward, one step back fashion, we remain in wait-and-see mode as to whether recent improvements in cyclical...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)