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

<p>Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.</p>

Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.

Emerging Markets: Technical Strategy & Reccommendations

Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

Asset Allocation & Fund Positioning

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

Cross Asset Strategy

<p>Global Emerging Market fund managers are, on average, underweight technology stocks.  In fact, though tech positioning among EM managers is at its highest in absolute terms, it is at its lowest in relative terms when measured against the MSCI Emerging Markets Index.  In this report, we analyse the level to which this record tech underweight has affected average fund performance this year, whilst also highlighting the sectors that have contributed positively.  On a stock level, underweights in <a href="https://www.smartkarma.com/entities/26" target="_blank" data-smartkarma-citation="entities:26:1">Tencent Holdings Ltd (700 HK)</a> and <a href="https://www.smartkarma.com/entities/787" target="_blank" data-smartkarma-citation="entities:787:1">Alibaba Group Holding Ltd (BABA US)</a> have caused the most pain, yet this isn't the case for all managers.  Baillie Gifford and Hermes stand out as early allocators of tech, long before it became the dominant force it is today.</p>

Global Emerging Market fund managers are, on average, underweight technology stocks.  In fact, though tech positioning among EM managers is at its highest in absolute terms, it is at its lowest in relative terms when measured against the MSCI Emerging Markets Index.  In this report, we analyse the level to which this record tech underweight has affected average fund performance this year, whilst also highlighting the sectors that have contributed positively.  On a stock level, underweights in Tencent Holdings Ltd (700 HK) and Alibaba Group Holding Ltd (BABA US) have caused the most pain, yet this isn't the case for all managers.  Baillie Gifford and Hermes stand out as early allocators of tech, long before it became the dominant force it is today.

Investment Advisors, JL Warren Capital

Junheng Li

Investment Advisors

JL Warren Capital

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationals in China. We employ a bottom-up research approach that takes great care to avoid the acquisition of material non-public information. Through investigative due diligence including channel surveys and interviews, our research helps clients to pinpoint the dislocations in the market.

Equity Bottom-Up

<p>In less than one month, three new iPhone models will be launched: iPhone 8 (with the OLED screen), iPhone 7s Plus and iPhone 7.  Our latest checks into the iPhone supply chain indicate the following supply side dynamics.   Upon launch, the key is to monitor the demand in the new product mix to identify the upside and downside in individual supplier stocks. </p><ol><li>According to the component orders, <a href="https://www.smartkarma.com/entities/666" target="_blank" data-smartkarma-citation="entities:666:1">Apple Inc (AAPL US)</a> plans to make more premium iPhones (including OLED i8 and i7s Plus) production than in…</li></ol>

In less than one month, three new iPhone models will be launched: iPhone 8 (with the OLED screen), iPhone 7s Plus and iPhone 7.  Our latest checks into the iPhone supply chain indicate the following supply side dynamics.   Upon launch, the key is to monitor the demand in the new product mix to identify the upside and downside in individual supplier stocks. According to the component orders, Apple Inc (AAPL US) plans to make more premium iPhones (including OLED i8 and i7s Plus) production than in…

IPhone "Super Cycle": Daunting Retail Price, Limited Initial Supply & Pushing for Hi-End Model Sales

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

Thematic (Sector/Industry)

<p>We screened for names that brokeout on strong volume yesterday. We define a breakout when a stock hits its 30-day high and has not hit a 30-day high in the last rolling 30-days. This way we avoid momentum names that are setting new highs each day and therefore we get a real breakout.</p><h2>Screen Criteria</h2><ol>
<li>Universe is Asia including Japan with Mkt-cap above 200bn USD</li>
<li>Yesterday's intraday high set a new 30-day high and over the last rolling 30 days a new high was not set. </li>
<li>Volume was greater than 2 standard…</li>
</ol>

We screened for names that brokeout on strong volume yesterday. We define a breakout when a stock hits its 30-day high and has not hit a 30-day high in the last rolling 30-days. This way we avoid momentum names that are setting new highs each day and therefore we get a real breakout.Screen Criteria
Universe is Asia including Japan with Mkt-cap above 200bn USD
Yesterday's intraday high set a new 30-day high and over the last rolling 30 days a new high was not set. 
Volume was greater than 2 standard…


Names that Brokeout on Volume Yesterday in Asia....

Taiwan

Merry Electronics Co., Ltd. manufactures and markets acoustic products in the microphone business.  The Company's products include microphones, speakers, and telephone receivers for the multimedia industry.  Merry Electronics markets its products under the brand name Merry.

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Merry Electronics (2439 TT)

Emerging Markets: Technical Strategy & Reccommendations

Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of...

Vermilion Research

EM Tech: The Pain Trade Of 2017

Global Emerging Market fund managers are, on average, underweight technology stocks. In fact, though tech positioning among EM managers is at its...

Steven Holden

IPhone "Super Cycle": Daunting Retail Price, Limited Initial Supply & Pushing for Hi-End Model Sales

In less than one month, three new iPhone models will be launched: iPhone 8 (with the OLED screen), iPhone 7s Plus and iPhone 7. Our latest checks...

JL Warren Capital

Names that Brokeout on Volume Yesterday in Asia....

We screened for names that brokeout on strong volume yesterday. We define a breakout when a stock hits its 30-day high and has not hit a 30-day...

Custom Products Group

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