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>The SPX is at 4165-4200 support, and the Nasdaq 100 (QQQ) is at $350-$355 support. No "decisive" breakdowns quite yet as supports show signs of holding.</li>
<li>Russell 2000 (IWM) is testing 1.5-year support at $162-$163, making this a logical spot for small-caps to bounce and an attractive risk/reward for buyers</li>
<li>Continue to see signs of breadth possibly bottoming-out. Both the SPX and Russell 2000 and the % of stocks above their 50-day and 20-day MAs display bullish breadth divergences.</li>
</ul>


The SPX is at 4165-4200 support, and the Nasdaq 100 (QQQ) is at $350-$355 support. No "decisive" breakdowns quite yet as supports show signs of holding.
Russell 2000 (IWM) is testing 1.5-year support at $162-$163, making this a logical spot for small-caps to bounce and an attractive risk/reward for buyers
Continue to see signs of breadth possibly bottoming-out. Both the SPX and Russell 2000 and the % of stocks above their 50-day and 20-day MAs display bullish breadth divergences.


Bullish Breadth Divergences Persist; Russell 2000 Testing 1.5-Year Support; Buys in Education Svcs

VanEck Gold Miners ETF/USA / Technical Analysis

<ul>
<li>As highlighted in last week's U.S. Macro Vision, our outlook is now bullish as we saw the breakouts we needed in the Russell 2000 (IWM) and Industrials (XLI). </li>
<li>Gold miners (GDX) are attractive bottom-fishing candidates as price and RS show signs of bottoming -- add exposure. We are bullish as long as the GDX is above $31</li>
<li>Charts Highlighted: S&amp;P 500, Gold, GDX, AMZN, NFLX, JD, VIPS, SSTK, OSTK, KL, BTG, AGI, PVG, EGO, SA, IAG, NGD, GFI, AU, and HMY</li>
</ul>


As highlighted in last week's U.S. Macro Vision, our outlook is now bullish as we saw the breakouts we needed in the Russell 2000 (IWM) and Industrials (XLI). 
Gold miners (GDX) are attractive bottom-fishing candidates as price and RS show signs of bottoming -- add exposure. We are bullish as long as the GDX is above $31
Charts Highlighted: S&amp;P 500, Gold, GDX, AMZN, NFLX, JD, VIPS, SSTK, OSTK, KL, BTG, AGI, PVG, EGO, SA, IAG, NGD, GFI, AU, and HMY


We continue to have a bullish outlook and we believe the path of least resistance remains higher. Perhaps the most important thing which supports our bullish outlook is the continued lack of breakdowns on all S&amp;P 500 Sectors and all the major averages. In today’s report we highlight attractive Groups and stocks within Materials: Copper, Gold, Silver, Platinum, and Uranium Mining.

We continue to have a bullish outlook and we believe the path of least resistance remains higher. Perhaps the most important thing which supports our bullish outlook is the continued lack of breakdowns on all S&amp;P 500 Sectors and all the major averages. In today’s report we highlight attractive Groups and stocks within Materials: Copper, Gold, Silver, Platinum, and Uranium Mining.

U.S. Equity Strategy: Upgrading Materials To Overweight

With the S&amp;P 500 breaking above the June highs and the Russell 2000 bullishly inflecting topside a ~1-month base, it signals a continuation of the uptrends that began in March... see charts below. Therefore, we continue to have a bullish outlook and we believe the path of least resistance remains higher. In today’s report we highlight attractive Groups and stocks within Health Care and Materials: Biotech, Large-Cap, Biotech, Mid-Cap, Gold, Western Hemisphere, Small-Cap, and Silver, Platinum.

With the S&amp;P 500 breaking above the June highs and the Russell 2000 bullishly inflecting topside a ~1-month base, it signals a continuation of the uptrends that began in March... see charts below. Therefore, we continue to have a bullish outlook and we believe the path of least resistance remains higher. In today’s report we highlight attractive Groups and stocks within Health Care and Materials: Biotech, Large-Cap, Biotech, Mid-Cap, Gold, Western Hemisphere, Small-Cap, and Silver, Platinum.

U.S. Equity Strategy: Bullish Outlook Intact

We have noted several times throughout August that key support levels were being tested for global equities, and while there has yet to be a decisive breakdown, as time has passed there has been new negative developments which lead us to be even more cautious. This past Friday’s test of support is no different, and we believe the market is more vulnerable to a breakdown than it has been at any other point this year. In this report we highlight the new concerning developments which lead us to believe the market remains vulnerable to a breakdown. On a more positive note, we also highlight attractive Groups and stocks within homebuilders, storage REITs, and large- and small-cap Western Hemisphere gold miners

We have noted several times throughout August that key support levels were being tested for global equities, and while there has yet to be a decisive breakdown, as time has passed there has been new negative developments which lead us to be even more cautious. This past Friday’s test of support is no different, and we believe the market is more vulnerable to a breakdown than it has been at any other point this year. In this report we highlight the new concerning developments which lead us to believe the market remains vulnerable to a breakdown. On a more positive note, we also highlight attractive Groups and stocks within homebuilders, storage REITs, and large- and small-cap Western Hemisphere gold miners

U.S. Equity Strategy: Caution Remains Warranted

United States

New Gold Inc. is a natural resource company. The Company acquires, explores, and develops gold properties.

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New Gold Inc (NGD US)

Bullish Breadth Divergences Persist; Russell 2000 Testing 1.5-Year Support; Buys in Education Svcs

$RTY $IWM $SPX $SPY and the % of stocks above their 50-day MAs (and 20-day MAs) display bullish breadth divergences. Similar bullish divergences in...

Vermilion Research

Bullish Outlook Intact; Mining For Gold

Our outlook is now bullish as we saw the breakouts we needed in the Russell 2000 (IWM) and Industrials (XLI). We continue to believe we have...

Vermilion Research

U.S. Equity Strategy: Upgrading Materials To Overweight

We continue to have a bullish outlook and we believe the path of least resistance remains higher. Perhaps the most important thing which supports...

Vermilion Research

U.S. Equity Strategy: Bullish Outlook Intact

With the S&P 500 breaking above the June highs and the Russell 2000 bullishly inflecting topside a ~1-month base, it signals a continuation of...

Vermilion Research

U.S. Equity Strategy: Caution Remains Warranted

We have noted several times throughout August that key support levels were being tested for global equities, and while there has yet to be a...

Vermilion Research

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