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

In this publication we outline our U.S. equity strategy, and provide a detailed analysis and actionable ideas within each of our 12 Sectors. The document contains links to each Sector, as well as our comments and important technical levels for major commodities, interest rates and world markets.

In this publication we outline our U.S. equity strategy, and provide a detailed analysis and actionable ideas within each of our 12 Sectors. The document contains links to each Sector, as well as our comments and important technical levels for major commodities, interest rates and world markets.

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

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.

Thematic (Sector/Industry)

Since May 10 when Chinese Vice Premier Liu He left the Washington without a trade deal with the US, nor any plan for future talks, both countries have been heating up the rhetoric’s against each other at home, diminishing the public’s perception of a deal in near future.   We believe that the trade talks broke down due to highly principal issues.  China were indeed to comply with the signed “contract” on paper, its state interest in strategic industries and state-owned-enterprises would be severely compromised – something that Chins is not ready nor willing to do for now.  What’s more, the complex friction within the Party, and opposition from the conservatives, played a key role in Xi’s hardening position against the US.  While projecting a hardline to the domestic audience, China on the other hand, has NOT engaged any significant counter measures since Trump’s somewhat unexpected tariff hike of 25% on one third of all Chinese products effectively on May 10th.

Since May 10 when Chinese Vice Premier Liu He left the Washington without a trade deal with the US, nor any plan for future talks, both countries have been heating up the rhetoric’s against each other at home, diminishing the public’s perception of a deal in near future.   We believe that the trade talks broke down due to highly principal issues.  China were indeed to comply with the signed “contract” on paper, its state interest in strategic industries and state-owned-enterprises would be severely compromised – something that Chins is not ready nor willing to do for now.  What’s more, the complex friction within the Party, and opposition from the conservatives, played a key role in Xi’s hardening position against the US.  While projecting a hardline to the domestic audience, China on the other hand, has NOT engaged any significant counter measures since Trump’s somewhat unexpected tariff hike of 25% on one third of all Chinese products effectively on May 10th.

Rising Nationalism Propaganda by State Media, China Macro Data 4M 2019

Semiconductors, Memory and SSDs Specialist, Objective Analysis

Jim Handy

Semiconductors, Memory and SSDs Specialist

Objective Analysis

Objective Analysis offers third-party independent market research and data for the semiconductor industry and investors in the semiconductor industry.

Semiconductors, Memory and SSDs

The semiconductor industry is undergoing a collapse, as it does every few years.  Investors who understand why this occurs, and how it hits certain sub-sectors more than others, will have an advantage when making investments in the industry.  This Insight helps readers to understand commodity and non-commodity chips and how to tell one from another.  It first defines commodities, then explains which semiconductors are and are not commodities, listing makers of each type, followed by explanations of the impact of commodity cycles upon the semiconductor market as a whole.  It closes with advice on understanding the market and provides the likely duration of the current cycle.

The semiconductor industry is undergoing a collapse, as it does every few years.  Investors who understand why this occurs, and how it hits certain sub-sectors more than others, will have an advantage when making investments in the industry.  This Insight helps readers to understand commodity and non-commodity chips and how to tell one from another.  It first defines commodities, then explains which semiconductors are and are not commodities, listing makers of each type, followed by explanations of the impact of commodity cycles upon the semiconductor market as a whole.  It closes with advice on understanding the market and provides the likely duration of the current cycle.

Why Commodities Drive the Semiconductor Cycle

Of the ten items highlighted in last week’s Compass that we would like to see in order to turn more bullish, two have happened -- equal-weighted Energy and UK/European Financials are breaking out. This only serves to add to our already positive outlook as U.S. equities are poised to test all-time highs. We are upgrading equal-weight Energy to market weight. Also in today’s report, we highlight attractive Groups and stocks within Technology: Large-, Mid-, and Small-Cap Semiconductors.

Of the ten items highlighted in last week’s Compass that we would like to see in order to turn more bullish, two have happened -- equal-weighted Energy and UK/European Financials are breaking out. This only serves to add to our already positive outlook as U.S. equities are poised to test all-time highs. We are upgrading equal-weight Energy to market weight. Also in today’s report, we highlight attractive Groups and stocks within Technology: Large-, Mid-, and Small-Cap Semiconductors.

U.S. Equity Strategy: Upgrading Equal-Weight Energy Sector; Semis Are Leading Tech

Relative strength for the PHLX Semiconductor index began a bottoming process in November of 2018. In mid-December. Since then we have expanded our recommendations substantially and upgraded Technology to overweight in late-January. Despite four months of outperformance, we believe the move for semis is just beginning. In today’s report we highlight our favorite technical setups, including: AMAT, MRVL, AMBA, STM, ON, MU, NVDA, SWKS, MCHP, TXN, AVGO, LRCX, NXPI, ASML, TER, MKSI, ICHR, ACLS, and TSEM.

Relative strength for the PHLX Semiconductor index began a bottoming process in November of 2018. In mid-December. Since then we have expanded our recommendations substantially and upgraded Technology to overweight in late-January. Despite four months of outperformance, we believe the move for semis is just beginning. In today’s report we highlight our favorite technical setups, including: AMAT, MRVL, AMBA, STM, ON, MU, NVDA, SWKS, MCHP, TXN, AVGO, LRCX, NXPI, ASML, TER, MKSI, ICHR, ACLS, and TSEM.

Semiconductors Are Breaking Out -- Add Exposure/Overweight

United States

Skyworks Solutions, Inc., a wireless semiconductor company, designs and manufactures radio frequency and complete semiconductor system solutions for mobile communications applications.  The Company provides front-end modules, radio frequency subsystems, and system solutions to wireless handset and infrastructure customers worldwide.

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Skyworks Solutions (SWKS US)

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

In this publication we outline our U.S. equity strategy, and provide a detailed analysis and actionable ideas within each of our 12 Sectors. The...

Vermilion Research

Rising Nationalism Propaganda by State Media, China Macro Data 4M 2019

Since May 10 when Chinese Vice Premier Liu He left the Washington without a trade deal with the US, nor any plan for future talks, both countries...

JL Warren Capital

Why Commodities Drive the Semiconductor Cycle

The semiconductor industry is undergoing a collapse, as it does every few years. Investors who understand why this occurs, and how it hits certain...

Jim Handy

U.S. Equity Strategy: Upgrading Equal-Weight Energy Sector; Semis Are Leading Tech

Of the ten items highlighted in last week’s Compass that we would like to see in order to turn more bullish, two have happened -- equal-weighted...

Vermilion Research

Semiconductors Are Breaking Out -- Add Exposure/Overweight

Relative strength for the PHLX Semiconductor index began a bottoming process in November of 2018. In mid-December. Since then we have expanded our...

Vermilion Research

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