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

The MSCI EM index has recovered over the last couple of weeks and is now approaching a logical resistance level. We reiterate: avoid broad EM exposure and be selective.  India’s S&amp;P BSE SENSEX is our top country-specific EM index recommendation, overweight India. We also provide an update on Brazil’s Bovespa, which has surged over the last month following a steep selloff. We are skeptical that the index will be able to continue its unabated advance.  Today’s report also includes a wide variety of bottom-up recommendations spanning most sectors and all market capitalizations.

The MSCI EM index has recovered over the last couple of weeks and is now approaching a logical resistance level. We reiterate: avoid broad EM exposure and be selective.  India’s S&amp;P BSE SENSEX is our top country-specific EM index recommendation, overweight India. We also provide an update on Brazil’s Bovespa, which has surged over the last month following a steep selloff. We are skeptical that the index will be able to continue its unabated advance.  Today’s report also includes a wide variety of bottom-up recommendations spanning most sectors and all market capitalizations.

EM Strategy: MSCI EM Approaching Resistance; India Breaking Out to New Highs -- Add Exposure

China

Shandong Gettop Acoustic Company Limited develops, manufactures and sells microelectro-acoustic components and electro-acoustic components. The Company's main products include miniature microphones, mini speakers and receivers, and its array modules.

Henan Hanwei Electronics Company Ltd. manufactures domestic gas alarms, portable gas detectors, industrial fixed systems, breath alcohol testers, gas analyzers, and gas sensors.

Guangdong Goworld Co., Ltd. manufactures and markets printed circuit boards, liquid crystal displays (LCDs), and ultrasonic electronic measuring instruments. Guangdong Goworld distributes its products throughout the world.

Beijing SDL Technology Company Limited develops, manufactures and sells analytical instruments, environmental monitoring systems, industrial process analysis systems, and provides operational and maintenance services. The Company's main products include analytical instruments, and related ancillary products.

Guangzhou Hi-Target Navigation Tech Company Limited develops, produces and sells high-precision GNSS software and hardware products. The Company's main products envelopes mapping measurement, GIS data collection, geological disaster monitoring, precision construction and machine control, marine exploration, forestry, urban resource management and national defense etc.

SVG Optronics Company Limited designs, develops and manufactures micro-nano optical products. The Company provides optical micro-nano manufacturing technology services, develops micro-nano optical manufacturing equipment, and researches the field of optical micro-nano science and technology.

Lida Optical And Electronic Co.,Ltd. researches, manufactures and markets optical elements and photoresistors. The Company's primary products are optical prisms, optical lens and their related products.

Lida Optical & Electronic Co, Ltd. (002189 CH)

Huizhou China Eagle Electronic Technology Company Limited produces and sells high-quality printed circuit boards, and provides technical services and consultions.  The Company's products are widely used in consumer electronics, network communications, computer peripherals, automotive electronics and other fields.

Huizhou China Eagle Electronic Tech (002579 CH)

Shenzhen AOTO Electronics Company Limited develops, produces and sells LED display systems and electronic receipt systems.

Shenzhen Haoningda Meters Co Ltd. researches, develops, and manufactures electrotechnical instruments and meters, microelectronics, and electronic elements.

Co-Tech Development Corp provides electro-deposit copper foil for the copper clad laminate and print circuit board.

Oki Electric Industry Company, Limited, develops, produces, and sells a broad range of communication and information related equipment.  The Company's products include personal computers (PCs), PC peripheral equipment, and electronic devices such as semiconductors and automated teller machines (ATMs). Oki Electric Industry also provides installation and maintenance services.

Chin-Poon Industrial Co., Ltd. manufactures and markets single-sided, double-sided, and multi-layer printed circuit boards (PCBs).

Elematec Corporation imports and exports various electronic parts and optical materials and equipment.  The Company's products include high-speed data cables, thermostats, optical film, micro lens, and heat sink fans.

Digital China Holdings Limited, through its subsidiaries, distributes foreign brand information technology products and provides system integration service in China.  The Company also develops and distributes networking products.

Luxnet Corporation designs, develops and manufactures optical semiconductor devices with in-house epi-layer design. These products used in high speed voice video, data communication, storage and cable TV.

BH Co., Ltd. manufactures and distributes various flexible printed circuits boards (FPCB), such as multi-layer and build-up FPCBs mainly for mobile phones and rigid FPCBs for aerospace sphere.

Kimball Electronics Inc. offers contract electronic manufacturing services. The Company designs and manufactures various products for the automotive, industrial, medical, and public safety industries.

Restar Holdings Corporation is a holding company which manages operations for its subsidiaries.  Group companies wholesale semiconductors, electronic components and equipment.  UKC Holdings also designs semiconductors and software through its subsidiaries.

Hakuto Co., Ltd. imports and exports electronic and electric parts, machinery, and equipment.  The Company's products include semi-conductor manufacturing equipment, vacuum systems and components, analytical and scientific instruments, optical instruments, semi-conductor devices, and connectors. Hakuto also deals with industrial chemicals.

Shenzhen Absen Optoelectronic Company Limited develops, manufactures, sells and provides services for LED application products. The Company's main product is LED full-color display.

Shenzhen Absen Optoelectronic (300389 CH)

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EM Strategy: MSCI EM Approaching Resistance; India Breaking Out to New Highs -- Add Exposure

The MSCI EM index has recovered over the last couple of weeks and is now approaching a logical resistance level. We reiterate: avoid broad EM...

Vermilion Research