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 and Quantitative Research

EQD | SPX Vs SX5E: Trade a Relative Value Vol Spread

Treasury Yields Reversing Higher; U.S. Dollar and High Yield Spreads to Follow?

Many Indexes/Sectors Testing Resistance; Limited Upside From Here; Buys in Staples and Health Care

Downgrading Energy; SPX Final Reach Up to 4300-4325?; Buys in Restaurants, Retailers, Industrials

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical Analysis

<ul>
<li>Since January, our expectation for 2023 has been for 4165 (and 4165-4200) to cap upside on the S&amp;P 500.</li>
<li>We've been preaching caution with the indexes testing resistance, and we are now getting confirmation that suggests a pullback has officially begun</li>
<li>SPX, QQQ, and IWM all demonstrating false breakouts, alongside bullish inflections in Treasury yields, high yield spreads, and the U.S. dollar. Defensives also display bullish RS reversals</li>
</ul>


Since January, our expectation for 2023 has been for 4165 (and 4165-4200) to cap upside on the S&amp;P 500.
We've been preaching caution with the indexes testing resistance, and we are now getting confirmation that suggests a pullback has officially begun
SPX, QQQ, and IWM all demonstrating false breakouts, alongside bullish inflections in Treasury yields, high yield spreads, and the U.S. dollar. Defensives also display bullish RS reversals


Consumer Staples Select Sector SPDR Fund (XLP US)

Pullback Begins; How Low Can Indexes Go?; High Yield Spreads & DXY Following Treasury Yields Higher

S&P 500 INDEX

Pullback Begins; How Low Can Indexes Go?; High Yield Spreads & DXY Following Treasury Yields Higher