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

Global markets are overdue for a bounce, But a host of uncertainties including are providing a significant headwind for broad developed and emerging market indexes. Our outlook remains cautious and we expect additional weakness and consolidation across global equity markets.  We offer technical insights on major markets, and highlight a number of actionable bottoms up ideas.

Global markets are overdue for a bounce, But a host of uncertainties including are providing a significant headwind for broad developed and emerging market indexes. Our outlook remains cautious and we expect additional weakness and consolidation across global equity markets.  We offer technical insights on major markets, and highlight a number of actionable bottoms up ideas.

Global Equity Strategy: Still Cautious Despite Oversold Conditions

Macro & Asian equity Technical Strategies, BBSP Asia

Federico D'Inca

Macro & Asian equity Technical Strategies

BBSP Asia

This Week in a nutshell... INDICES - In the current correction, 20500 Nikkei, 2600 S&amp;P are the levels/supports to watch for an intermediate reaction, else further direct drop to trend pivots (20000 Nikkei, and 2515/2460 S&amp;P) - ASX reacted off the trend pivot at 5570. Further bounce is expected. - Whilst HSI and HSCEI still under pressure below 26000/26200 and 10400/10500 respectively. - TW SE and Kospi confirmed further drop. FIXED INCOMEMixed bag. Intermediate rebound/limited upside. 119.14/119.16 even 120.05 on TNote10, 97.54 AGB10, 151.20 JGB. FOREX - Bearish USD vs DXY, CHF, Commos and EM Asia. Watch for surpassing of 1.1450 resistance on EURUSD to confirm a new rise. - JPY mixed bag.

This Week in a nutshell... INDICES - In the current correction, 20500 Nikkei, 2600 S&amp;P are the levels/supports to watch for an intermediate reaction, else further direct drop to trend pivots (20000 Nikkei, and 2515/2460 S&amp;P) - ASX reacted off the trend pivot at 5570. Further bounce is expected. - Whilst HSI and HSCEI still under pressure below 26000/26200 and 10400/10500 respectively. - TW SE and Kospi confirmed further drop. FIXED INCOMEMixed bag. Intermediate rebound/limited upside. 119.14/119.16 even 120.05 on TNote10, 97.54 AGB10, 151.20 JGB. FOREX - Bearish USD vs DXY, CHF, Commos and EM Asia. Watch for surpassing of 1.1450 resistance on EURUSD to confirm a new rise. - JPY mixed bag.

'Quantamental' Japan Specialist, LightStream Research

Campbell Gunn

'Quantamental' Japan Specialist

ja research

ja research is an independent research platform focused exclusively on Japanese equities. Leveraging data and graphic analysis provided by Japan Analytics, we provide insights on small and medium-sized companies that have been ignored by the sell-side as well as challenging conventional wisdom on larger companies. We also offer analyst and corporate access, the latter with translation if required. 

Quantitative Analysis

IN THE RED - The Japanese equity market as measured by our All Market Composite has declined by 5.8% in a week, by 11.6 in a month and is now down 7.2% over one year. All sectors are now lower over one month with the traditionally defensive sectors holding up best. Global cyclicals sectors and the more overpriced domestic growth sectors have been the major underperformers. <figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/067/780/original/2018-10-26_07-43-37.png?1540507433" class="editor-image img-responsive" data-smartkarma-image-id="67780"></figure><div class="content-caption">Source: Japan Analytics</div><div class="content-highlight">OVERSOLD - In the short term, Japanese equities are now clearly oversold, however, does this represent a longer-term buying opportunity?</div>

IN THE RED - The Japanese equity market as measured by our All Market Composite has declined by 5.8% in a week, by 11.6 in a month and is now down 7.2% over one year. All sectors are now lower over one month with the traditionally defensive sectors holding up best. Global cyclicals sectors and the more overpriced domestic growth sectors have been the major underperformers. Source: Japan AnalyticsOVERSOLD - In the short term, Japanese equities are now clearly oversold, however, does this represent a longer-term buying opportunity?

Japan: Market Update - Oversold, However....

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

FIFO long sequence starts with Hong Kong and Korea which are resting on macro support zones where we are taking a bet.Relative lead signals in leadership stocks like Tencent, SEC, SK Hynix and TSMC are typically required for a meaningful cycle turn.SOX weakness weighing on correlated stocks in in Asia. Watch SMH 95 support.Long risk to reward favorable for tactical year-end recovery in markets that led the decline with the latent group facing a harder battle.Nailing an S&amp;P low per our short call in the making for late October.

FIFO long sequence starts with Hong Kong and Korea which are resting on macro support zones where we are taking a bet.Relative lead signals in leadership stocks like Tencent, SEC, SK Hynix and TSMC are typically required for a meaningful cycle turn.SOX weakness weighing on correlated stocks in in Asia. Watch SMH 95 support.Long risk to reward favorable for tactical year-end recovery in markets that led the decline with the latent group facing a harder battle.Nailing an S&amp;P low per our short call in the making for late October.

FIFO Long Transition and Lead Signals for a Low in Asia

In our October International Strategy, we provide a synopsis on current market conditions around the globe, and explore the following themes in further detail:<ul>
<li>Supporting our cautious outlook, cyclical and growth Sectors are breaking down on the international front - namely Technology and Consumer Discretionary.  </li>
<li>Overweight Norway.</li>
<li>Price support holding in Japan as RS improves. </li>
<li>Health Care remains attractive, especially defensive pharma Groups within Japan and Europe.</li>
</ul>

In our October International Strategy, we provide a synopsis on current market conditions around the globe, and explore the following themes in further detail:
Supporting our cautious outlook, cyclical and growth Sectors are breaking down on the international front - namely Technology and Consumer Discretionary.  
Overweight Norway.
Price support holding in Japan as RS improves. 
Health Care remains attractive, especially defensive pharma Groups within Japan and Europe.


Global Equity Strategy: Market Deterioration Continues; Cyclical & Growth Sectors Breaking Down

Japan

The Nikkei-225 Stock Average is a price-weighted average of 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange. The Nikkei Stock Average was first published on May 16, 1949, where the average price was ¥176.21 with a divisor of 225. 

Nikkei 225 (NKY INDEX)

Global Equity Strategy: Still Cautious Despite Oversold Conditions

Global markets are overdue for a bounce, But a host of uncertainties including are providing a significant headwind for broad developed and...

Vermilion Research

BBSP - Tactical Cross Asset Weekly Paper

This Week in a nutshell...INDICES- In the current correction, 20500 Nikkei, 2600 S&P are the levels/supports to watch for an intermediate...

BBSP Asia

Japan: Market Update - Oversold, However....

IN THE RED - The Japanese equity market as measured by our All Market Composite has declined by 5.8% in a week, by 11.6 in a month and is now down...

Campbell Gunn

FIFO Long Transition and Lead Signals for a Low in Asia

FIFO long sequence starts with Hong Kong and Korea which are resting on macro support zones where we are taking a bet.Relative lead signals in...

Thomas Schroeder

Global Equity Strategy: Market Deterioration Continues; Cyclical & Growth Sectors Breaking Down

In our October International Strategy, we provide a synopsis on current market conditions around the globe, and explore the following themes in...

Vermilion Research