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

MSCI Emerging Markets Index / Technical Analysis

Sector trends are telling a bullish narrative. Cyclical sectors continue to lead, with tech at the helm, and defensive segments still exhibit lagging relative strength trends. Combined, this relationship is visible in the consumer discretionary/staples ratio, which is breaking out to multi-year highs. In today’s report we highlight the following themes:<ul><li>Auto stocks are breaking out -- buy. Highlighted charts include: Daimler (DAI-DE), Ford (F), Hyundai Motor (005380-KR), Peugeot (UG-FR), Renault (RNO-FR), and Volkswagen (VOW-DE). Increase exposure... see page 4-5</li><li>Energy is bottoming -- buy (reiteration). We highlight a wide selection of actionable names, both small- and large-caps, developed and emerging... see page 6-9</li></ul>

Sector trends are telling a bullish narrative. Cyclical sectors continue to lead, with tech at the helm, and defensive segments still exhibit lagging relative strength trends. Combined, this relationship is visible in the consumer discretionary/staples ratio, which is breaking out to multi-year highs. In today’s report we highlight the following themes:Auto stocks are breaking out -- buy. Highlighted charts include: Daimler (DAI-DE), Ford (F), Hyundai Motor (005380-KR), Peugeot (UG-FR), Renault (RNO-FR), and Volkswagen (VOW-DE). Increase exposure... see page 4-5Energy is bottoming -- buy (reiteration). We highlight a wide selection of actionable names, both small- and large-caps, developed and emerging... see page 6-9

Int'l Equity Strategy: Buy Energy, Global Autos

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. 

To view click on this link: <a href="https://www.screencast.com/t/c8O6ImmSJp5" target="_blank">https://www.screencast.com/t/c8O6ImmSJp5</a> 10:17 min.<figure class="editor-figure mceNonEditable"><img class="editor-image img-responsive" src="https://static-prod.smartkarma.com/images/media/000/036/050/original/CPG%20INSERT.png?1508418570" data-smartkarma-image-id="36050"></figure><div class="content-caption">Asia equity webcast</div>Looking forward sectors in Asia that are sensitive to a stronger USD and best to rotate into counters that benefit form a USD rise.Japan Nikkei has been the space we have been adding to stock exposure given our call for a bull break above 21k and for the USD/JPY to turn higher on the back of higher US yields.This 5-year yield chart has been featured frequently over recent weeks. We called a…

 To view click on this link: https://www.screencast.com/t/c8O6ImmSJp5 10:17 min.Asia equity webcastLooking forward sectors in Asia that are sensitive to a stronger USD and best to rotate into counters that benefit form a USD rise.Japan Nikkei has been the space we have been adding to stock exposure given our call for a bull break above 21k and for the USD/JPY to turn higher on the back of higher US yields.This 5-year yield chart has been featured frequently over recent weeks. We called a…

Asia Trim Call and Where We Are Adding Back

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Thematic (Sector/Industry)

With the Japanese stock market on the up-and-up, the big question – though not necessarily one on all that many minds – is whether this is a seasonal rally, or whether this is structural. Invariably under Abe, and more often than not during the quantitative easing (QE) era (2003~?), Japanese equities have gone up in the fourth quarter. However, on two occasions, 2014 and 2016, they’ve slumped as we’ve moved into the new year, more than offsetting the fourth quarter gains. Given that Kuroda…

With the Japanese stock market on the up-and-up, the big question – though not necessarily one on all that many minds – is whether this is a seasonal rally, or whether this is structural. Invariably under Abe, and more often than not during the quantitative easing (QE) era (2003~?), Japanese equities have gone up in the fourth quarter. However, on two occasions, 2014 and 2016, they’ve slumped as we’ve moved into the new year, more than offsetting the fourth quarter gains. Given that Kuroda…

Japan Market Strategy - Will the Frequent January Sell-Off Ruin the Current Market Rally?

Japan, Korea and China make up well over 30% of our portfolio and the markets that we have touted to stand out and perform. We have been reducing short exposure in light of our call for a Q4 equity melt up. We are currently 45% net long and will move to 50%.Asia and EM equities will be able to weather near term USD strength given our view that the dollar rise is corrective in nature toward DXY 95.30 or Euro 1.15. We remain bullish Asian equities into year-end. An upcoming theme will be to rotate…

Japan, Korea and China make up well over 30% of our portfolio and the markets that we have touted to stand out and perform. We have been reducing short exposure in light of our call for a Q4 equity melt up. We are currently 45% net long and will move to 50%.Asia and EM equities will be able to weather near term USD strength given our view that the dollar rise is corrective in nature toward DXY 95.30 or Euro 1.15. We remain bullish Asian equities into year-end. An upcoming theme will be to rotate…

The headline BoJ Tankan number (for large manufacturers) came out at 22, up from 17 last time and representing the highest figure post Lehman. While the Tankan rarely tells you anything you didn’t know, given that there is a widespread anti-Abe tirade from the media at present, it's a reminder that for the average Japanese business, life under Abe is a lot better than under his predecessors.<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/034/854/original/Tankan.PNG?1507067798" class="editor-image img-responsive" data-smartkarma-image-id="34854"></figure>The Tankan figure provides a decent indication that we are very much at the top end of the Goldilocks…

The headline BoJ Tankan number (for large manufacturers) came out at 22, up from 17 last time and representing the highest figure post Lehman. While the Tankan rarely tells you anything you didn’t know, given that there is a widespread anti-Abe tirade from the media at present, it's a reminder that for the average Japanese business, life under Abe is a lot better than under his predecessors.The Tankan figure provides a decent indication that we are very much at the top end of the Goldilocks…

BoJ Tankan Suggests Goldilocks Scenario Still in Place... For Now

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)

Int'l Equity Strategy: Buy Energy, Global Autos

Sector trends are telling a bullish narrative. Cyclical sectors continue to lead, with tech at the helm, and defensive segments still exhibit...

Vermilion Research

Asia Trim Call and Where We Are Adding Back

To view click on this link: https://www.screencast.com/t/c8O6ImmSJp5 10:17 min.Looking forward sectors in Asia that are sensitive to a stronger...

Thomas Schroeder

Japan Market Strategy - Will the Frequent January Sell-Off Ruin the Current Market Rally?

With the Japanese stock market on the up-and-up, the big question – though not necessarily one on all that many minds – is whether this is a...

Pelham Smithers Associates

Nikkei Breakout to Mushroom

Japan, Korea and China make up well over 30% of our portfolio and the markets that we have touted to stand out and perform. We have been reducing...

Thomas Schroeder

BoJ Tankan Suggests Goldilocks Scenario Still in Place... For Now

The headline BoJ Tankan number (for large manufacturers) came out at 22, up from 17 last time and representing the highest figure post Lehman....

Pelham Smithers Associates