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

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

Yesterday’s break below 3425 short-term support in the S&amp;P 500 opens the door for potential visits to 3325 and 3200, two important support levels we are watching moving forward. With that said, as long as 3200 holds (the September lows) we are constructive and would be buyers on a pullback. At the same time, small-caps are providing a risk-on signal with the Russell 2000 (IWM) still holding above $159 short-term support. Leadership from small-caps is something we would expect to see in a broad-based bull market, and if IWM is above $159 it is hard to get too bearish overall.

Yesterday’s break below 3425 short-term support in the S&amp;P 500 opens the door for potential visits to 3325 and 3200, two important support levels we are watching moving forward. With that said, as long as 3200 holds (the September lows) we are constructive and would be buyers on a pullback. At the same time, small-caps are providing a risk-on signal with the Russell 2000 (IWM) still holding above $159 short-term support. Leadership from small-caps is something we would expect to see in a broad-based bull market, and if IWM is above $159 it is hard to get too bearish overall.

In last week’s Compass we posited that the bulls were back in control as the bullish gap from Sept. 28 was left unfilled despite the president and first lady getting COVID-19. With breadth continuing to improve and several cyclical areas of the market breaking out to new highs, our outlook remains bullish and we believe a “buy the dip” mentality is warranted.  In today’s report we highlight attractive Groups and stocks within Materials &amp; Manufacturing: Metals, Steel Integrated, U.S., Specialty Chemicals, Petro/Basic/Commodity, Cement/Aggregates, and Agricultural Equipment.

In last week’s Compass we posited that the bulls were back in control as the bullish gap from Sept. 28 was left unfilled despite the president and first lady getting COVID-19. With breadth continuing to improve and several cyclical areas of the market breaking out to new highs, our outlook remains bullish and we believe a “buy the dip” mentality is warranted.  In today’s report we highlight attractive Groups and stocks within Materials &amp; Manufacturing: Metals, Steel Integrated, U.S., Specialty Chemicals, Petro/Basic/Commodity, Cement/Aggregates, and Agricultural Equipment.

U. S. Equity Strategy: Bullish Outlook Intact; Buy Dips

We continue to observe the market broadening out into the Cyclical areas of the economy. Our outlook remains bullish and we believe the trajectory is up and to the right. In today’s report we highlight attractive Groups and stocks within Energy and Basic Materials: Ethanol, Metals, Steel, Integrated, U.S., Specialty Chemicals Small-Cap

We continue to observe the market broadening out into the Cyclical areas of the economy. Our outlook remains bullish and we believe the trajectory is up and to the right. In today’s report we highlight attractive Groups and stocks within Energy and Basic Materials: Ethanol, Metals, Steel, Integrated, U.S., Specialty Chemicals Small-Cap

U.S. Equity Strategy: Up and to the Right

<ul><li>Global mining stocks offer an attractive, mid-cycle pullback opportunity. From steel to copper and aluminum stocks, retracements over the past three months have stabilized at support, which we view as timely entry points that will lead to upside resumptions.  This report highlights actionable charts, sorted by market capitalization.</li></ul>

Global mining stocks offer an attractive, mid-cycle pullback opportunity. From steel to copper and aluminum stocks, retracements over the past three months have stabilized at support, which we view as timely entry points that will lead to upside resumptions.  This report highlights actionable charts, sorted by market capitalization.

Pullback Opportunities in Global Metals & Mining Stocks

United States

Reliance Steel & Aluminum Co. distributes and processes steel and aluminum. The Company's products include carbon, alloy, stainless and specialty steel, aluminum, brass, and copper.  Reliance operates processing and distribution centers throughout the United States. Reliance Steel & Aluminum operates in Spain.

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Reliance Steel & Aluminum (RS US)

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

U.S. Market Sending Mixed Signals

In today’s report we highlight attractive Groups and stocks within Consumer Discretionary, Materials, Health Care, & Services

Vermilion Research

U. S. Equity Strategy: Bullish Outlook Intact; Buy Dips

With breadth continuing to improve and several cyclicals breaking out to new highs, our outlook remains bullish and we believe a “buy the dip”...

Vermilion Research

U.S. Equity Strategy: Up and to the Right

We continue to observe the market broadening out into the Cyclical areas of the economy. Our outlook remains bullish and we believe the trajectory...

Vermilion Research

Pullback Opportunities in Global Metals & Mining Stocks

Global mining stocks offer an attractive, mid-cycle pullback opportunity. From steel to copper and aluminum stocks, retracements over the past...

Vermilion Research

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