Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Founder & Chief Market Strategist - SAV Markets

Provide Comprehensive Analysis & Commentary

SAV Markets

SAV Markets aims to provide comprehensive analysis & commentary on foreign exchange and asset markets. The approach is multi asset as markets are typically interlinked. Cause and effect are always at work, even if those effects take time to manifest. As nothing is permanent we strive to get ahead of the curve in an ever changing world.

Cross Asset Strategy

<ul>
<li>Is the inflation ship turning? Price action in markets warrants this question</li>
<li>The clearest breaks have been in US stocks which should still rally</li>
<li>Bonds may be the next to move - it is the central market to watch</li>
</ul>


Is the inflation ship turning? Price action in markets warrants this question
The clearest breaks have been in US stocks which should still rally
Bonds may be the next to move - it is the central market to watch


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>We continue to view the price action over the past month as a bear market bounce in the S&amp;P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM).</li>
<li>Each index appears to be forming a bearish flag pattern. Until the S&amp;P 500, QQQ, and IWM can break above their YTD downtrends, we remain bearish.</li>
<li>We continue to believe that this bear market is being fueled by the rising U.S. dollar (DXY), rising 10-yr Treasury yield, and the move higher in WTI crude oil.</li>
</ul>


We continue to view the price action over the past month as a bear market bounce in the S&amp;P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM).
Each index appears to be forming a bearish flag pattern. Until the S&amp;P 500, QQQ, and IWM can break above their YTD downtrends, we remain bearish.
We continue to believe that this bear market is being fueled by the rising U.S. dollar (DXY), rising 10-yr Treasury yield, and the move higher in WTI crude oil.


U.S. Indexes Form Bear Flag Patterns Within Downtrends; Opportunities Within Health Care

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

<ul>
<li>USD bull energy appears unabated amid yield dips and risk on phases. Red flags are brewing for USD breakout levels in EM and vulnerable FX in Asia.</li>
<li>The greenback will find a short term top ahead or into the Fed rate hike. A USD pullback in July/August if viewed as a fresh buying opportunity.</li>
<li>We see September/October (will start in August) and Q1 2023 as windows for USD power moves/breakouts that would lead equity risk (bear phases).</li>
</ul>


USD bull energy appears unabated amid yield dips and risk on phases. Red flags are brewing for USD breakout levels in EM and vulnerable FX in Asia.
The greenback will find a short term top ahead or into the Fed rate hike. A USD pullback in July/August if viewed as a fresh buying opportunity.
We see September/October (will start in August) and Q1 2023 as windows for USD power moves/breakouts that would lead equity risk (bear phases).


EM and Asian FX Break Points that Will Inflect Risk

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>We remain bearish as long as the YTD downtrends remain intact on the SPX and NDX (QQQ), and as long as the 7.5-month downtrend remains intact on the Russell 2000(IWM).</li>
<li>There is potential for a bounce given the SPX, QQQ, and IWM are all at downtrend channel supports.</li>
<li>The continued rise of the U.S. dollar (DXY), 10-yr Treasury yield, and WTI crude oil is what we believe is fueling the bear market in equities.</li>
</ul>


We remain bearish as long as the YTD downtrends remain intact on the SPX and NDX (QQQ), and as long as the 7.5-month downtrend remains intact on the Russell 2000(IWM).
There is potential for a bounce given the SPX, QQQ, and IWM are all at downtrend channel supports.
The continued rise of the U.S. dollar (DXY), 10-yr Treasury yield, and WTI crude oil is what we believe is fueling the bear market in equities.


Downgrading Materials; SPX, NDX, Russell 2000 Testing Downtrend Channel Support; Biotech Buys

<ul>
<li>Emerging trends and dynamics across international markets coupled with the BoJ's policy are lining up to support the Nikkei 225</li>
<li>Historical comparisons, if correct, also indicate a strong bounce. The price action on the Nikkei 225 itself is also bullish.</li>
<li>At this stage in a volatile market we remain fixed on short term dynamics and refrain from longer term outlooks where conviction still neds to be built</li>
</ul>


Emerging trends and dynamics across international markets coupled with the BoJ's policy are lining up to support the Nikkei 225
Historical comparisons, if correct, also indicate a strong bounce. The price action on the Nikkei 225 itself is also bullish.
At this stage in a volatile market we remain fixed on short term dynamics and refrain from longer term outlooks where conviction still neds to be built


United States

The U.S. Dollar Index(USDX) indicates the general int'l value of the USD. The USDX does this by averaging the exchange rates between the USD and  major world currencies.  The ICE US computes this by using the rates supplied by some 500 banks. FOR REAL TIME SEE EIS ICEA<GO>. 

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Cross Markets: Is the Ship Turning?

The inverted curve in the US should NEVER be ignored. Latest indications point to further gains in bonds as well as ongoing gains in equities....

Shyam Devani

U.S. Indexes Form Bear Flag Patterns Within Downtrends; Opportunities Within Health Care

We continue to view the price action over the past month as a bear market bounce in the S&P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM), as each...

Vermilion Research

EM and Asian FX Break Points that Will Inflect Risk

USD bull energy appears unabated amid yield dips and risk on phases. Red flags are brewing for USD breakout levels in EM and vulnerable FX in Asia.

Thomas Schroeder

Downgrading Materials; SPX, NDX, Russell 2000 Testing Downtrend Channel Support; Biotech Buys

We remain bearish as long as the 6-8 month downtrends remain intact on the SPX, NDX (QQQ), and RUT (IWM). Bounce potential given SPX, QQQ, and IWM...

Vermilion Research

Nikkei 225's Comeback

The signs across markets as well as the price action on the Nikkei 225 indicate a decent rally ahead for Japanese equities as the BoJ continues...

Shyam Devani

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