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

<ul>
<li>Despite a few tumultuous trading days, the S&amp;P 500 remains above its 200-week MA (3590-3600) and the Russell 2000 (IWM) remains above $163 -- both important support levels moving forward.</li>
<li>We continue to see potential for a bear market rally (~+10% from the lows) as long as these support levels hold.</li>
<li>Bear market rallies would be confirmed by bullish reversals of the 2-month downtrends, or above 3810 on the SPX and above $174 on the IWM, and the latter happened today.</li>
</ul>


Despite a few tumultuous trading days, the S&amp;P 500 remains above its 200-week MA (3590-3600) and the Russell 2000 (IWM) remains above $163 -- both important support levels moving forward.
We continue to see potential for a bear market rally (~+10% from the lows) as long as these support levels hold.
Bear market rallies would be confirmed by bullish reversals of the 2-month downtrends, or above 3810 on the SPX and above $174 on the IWM, and the latter happened today.


Bear Market Rally Remains in Play; Russell 2000 (IWM) Short-Term Breakout; Buys in Banks & Insurance

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Equity Bottom-Up

There are very few banks in the US where LDR's are expanding. When this occurs, there can be improved margins, and better net interest income. With benign credit costs, the combination can be powerful. FB Financial Corp is a positive stand out amongst the largest US banks.

There are very few banks in the US where LDR's are expanding. When this occurs, there can be improved margins, and better net interest income. With benign credit costs, the combination can be powerful. FB Financial Corp is a positive stand out amongst the largest US banks. 

The S&amp;P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM) have all rallied to logical resistance; if they are able to break above and stay above their respective resistance levels it would signal the end of the current consolidation phase. In today’s report we highlight attractive Groups and stocks within Materials and Financials:

The S&amp;P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM) have all rallied to logical resistance; if they are able to break above and stay above their respective resistance levels it would signal the end of the current consolidation phase. In today’s report we highlight attractive Groups and stocks within Materials and Financials:

U.S. Equity Strategy: Testing Key Resistance; Downgrading Health Care

Thematic (Sector/Industry)

It can be easy to become distracted by media hype and raucous headlines daily. Here we are referring specifically to the characterizations of corporate demise from the current crisis. This too goes to the heart of bank analysis especially where there is concern on moral hazard and forbearance. Perhaps there are swathes of companies not as poor off financially as many had expected, given low rates, reopening of economies, and simply less dire fear than early in the year?

It can be easy to become distracted by media hype and raucous headlines daily. Here we are referring specifically to the characterizations of corporate demise from the current crisis. This too goes to the heart of bank analysis especially where there is concern on moral hazard and forbearance. Perhaps there are swathes of companies not as poor off financially as many had expected, given low rates, reopening of economies, and simply less dire fear than early in the year?

US Banks – Corporate Pain Not So Severe

United States

FB Financial Corp operates as a bank holding company. The Company, through it subsidiaries, offers a comprehensive suite of commercial and consumer banking services. FB Financial provides its services to customers in the southeastern United States.

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FB Financial Corp (FBK US)

Bear Market Rally Remains in Play; Russell 2000 (IWM) Short-Term Breakout; Buys in Banks & Insurance

A bear market rally (+10% from the lows) remains in play as long as the $SPX remains above its 200-week MA (3590-3600) and the $IWM remains above...

Vermilion Research

US Bank With LDR Expansion

There are very few banks in the US where LDR's are expanding. When this occurs, there can be improved margins, and better net interest income. With...

Daniel Tabbush

U.S. Equity Strategy: Testing Key Resistance; Downgrading Health Care

The S&P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM) have all rallied to logical resistance; a break above their respective resistance levels...

Vermilion Research

US Banks – Corporate Pain Not So Severe

At the heart of bank analysis lies concern on moral hazard and forbearance. There might just be swathes of companies NOT doing poorly, given low...

Daniel Tabbush

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