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

NASDAQ Composite Index / Technical Analysis

<ul>
<li>Since January 2023 we've anticipated for 4165-4200 to cap upside on the S&amp;P 500 for 2023, but that a rally to 4300-4325 is also possible; this remains our view.</li>
<li>In our 5/2/23 Compass we discussed how the Nasdaq Composite was testing 12,300 resistance, and that a breakout and reach to 13,180 is possible.</li>
<li>The Nasdaq Composite hit 13,154 Tuesday as Technology (XLK), and to a lesser extent Communications (XLC), are seemingly in a blowoff stage, while all other Sectors are neutral to bearish.</li>
</ul>


Since January 2023 we've anticipated for 4165-4200 to cap upside on the S&amp;P 500 for 2023, but that a rally to 4300-4325 is also possible; this remains our view.
In our 5/2/23 Compass we discussed how the Nasdaq Composite was testing 12,300 resistance, and that a breakout and reach to 13,180 is possible.
The Nasdaq Composite hit 13,154 Tuesday as Technology (XLK), and to a lesser extent Communications (XLC), are seemingly in a blowoff stage, while all other Sectors are neutral to bearish.


Downgrading Discretionary & Health Care to Market Weight, Staples & Utilities to Underweight

Brazil

Gol Linhas Aereas Inteligentes S.A. provides low-fare, non-stop passenger flight services through its fleet of next generation Boeing airplanes.  The company provides domestic flights in Brazil.

Azul S.A. offers airline services. The Company provides passenger air transportation services by air carriers, assistance for boarding, and cabins for pets, as well as compartments for elderly and disabled passengers. Azul serves customers worldwide.

Movida Participacoes S.A. provides vehicle leasing services. The Company offers passenger car rental, fleet management, adaption, and maintenance services. Movida Participacoes conducts its business in Brazil.

Ecorodovias Infraestrutura e Logistica SA is a road concession group in Brazil. The Groups concessionaires connect the main Brazilian ports to national production and consumption centers.

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A offers commercial banking services.  The Company prints bank checks and account statements, bills, direct mailings, envelopes, promotional material, drivers' licenses, identification documents and security  forms, and telephone, pre-paid, credit and debit, commercial, and smart cards.

Iochpe-Maxion S.A. manufactures vehicle parts.  The Company produces chassis and wheels for trucks and buses, door components, lock cylinders, pedals, hand brake levers, jacks, water and oil pumps, and railroad freight cars and wheels.

Kepler Weber S.A. manufactures, installs, and supports agroindustrial buildings, equipment, and other infrastructure that is used for food storage.  The Company's products include steel silos, grain dryers, grain cleaning machines, conveyors, and animal feed mills.

CCR SA manages highways in Brazil.  The Company also holds an interest in an electronic payment system and a company that inspects motor vehicles, and is part of a consortium that operates one line of the Sao Paulo Metro.

Localiza Rent a Car SA rents automobiles.  The Company owns and franchises locations in Brazil and elsewhere in Latin America.  Localiza primarily operates through airport locations.  The Company also sells used cars and offers fleet management services.

Rumo S.A. owns and operates rail networks. The Company transports agricultural commodities, chemicals, petrochemicals, construction materials, electronic goods, automotive parts, steel and forestry products, and fertilizers. Rumo serves customers in Brazil.

Star Flyer Inc. operates as an airline carrier in the aviation industry. The Company provides air transportation services for passengers, baggage, and cargo. Star Flyer also offers shuttle services between key Japanese cities.

Jet Airways (India) Limited is an airline providing regular scheduled services on routes between all of India's major cities. The Company has also received permission from the Indian Government to fly to Singapore and Malaysia.

Regional Express Holdings Limited offers scheduled air passenger and freight transportation services within Australia.

Gama Aviation Plc provides business aviation services. The company offers aircraft management services for aircraft owners, such as fuel and insurance, crew, and maintenance services; aircraft chartering services; aero-medical services; and contract air services. It also provides phased or base maintenance, line maintenance, and design and modifications services; fixed base operations comprising parking, hangarage, and fueling, of aircraft and the processing of passengers; rotary maintenance, general aviation maintenance, aviation engineering design, avionics upgrades, and flight training services; and Airops software for third party FBO and flight management departments. It has operations in Europe, Asia, North America, and the Middle East. Gama Aviation Plc was founded in 1983 and is headquartered in Farnborough, the United Kingdom.

Nok Airlines PCL operates as an airline carrier in the aviation industry. The Company provides air transportation services for passengers, baggage, and cargo.

SAS AB offers air transportation services.  The Company operates routes to and from Scandinavian cities for transportation of passengers and cargo. The Company also owns, and partly owns, several regional airlines in the Nordic area.  SAS flies worldwide.

AirAsia X Berhad is a long-haul, low-cost airline based in Malaysia. The Company is an affiliate carrier of the AirAsia Group. AirAsia X offers flights on the Airbus A330-300 aircraft on routes beyond 4 hours flight duration across Asia Pacific and the Middle East.

Thai Airways International Public Company Limited is Thailand's national airline providing air transportation, freight and mail services on domestic and international routes including Asia, Europe, North America, Africa and South West Pacific.  The Company is a state enterprise which is controlled by the government and partly owned by the public.

Air Busan Co., Ltd. operates as an airline company. The Company offers international and domestic flight, hotel, and car booking services. Air busan also provides reissuance of ticket, baggage, airport, and in flight services. Air busan offers services worldwide.

Skymark Airlines Inc. provides air transportation services.  The Company's services include scheduled flights for passengers and air courier services. Skymark Airlines conducts businesses in Japan.

Gol Linhas Aereas Inteligentes S.A. provides airline services for passengers and cargo.  The Company offers scheduled air transportation, cargo shipping, flight rescheduling, logistics, and onboard connectivity services. Gol Linhas Ae reas Inteligentes serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Gol Linhas Aereas Intel-Adr (GOL US)

Downgrading Discretionary & Health Care to Market Weight, Staples & Utilities to Underweight

5/2/23 we discussed how $Nasdaq Comp was testing 12,300 resistance, and that a breakout and reach to 13,180 was possible. It hit 13,154 Tuesday as...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)