Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>Filo Mining (FIL CN) and <a href="https://www.smartkarma.com/entities/tietto-minerals-ltd" target="_blank" data-smartkarma-citation="entities:28006:1" rel="noopener">Tietto Minerals (TIE AU)</a> are adds while <a href="https://www.smartkarma.com/entities/fresnillo-plc" target="_blank" data-smartkarma-citation="entities:21939:1" rel="noopener">Fresnillo (FRES LN)</a>, <a href="https://www.smartkarma.com/entities/galiano-gold-inc" target="_blank" data-smartkarma-citation="entities:32201:1" rel="noopener">Galiano Gold (GAU US)</a>, <a href="https://www.smartkarma.com/entities/jaguar-mining-inc" target="_blank" data-smartkarma-citation="entities:25393:1" rel="noopener">Jaguar Mining (JAG CN)</a> and <a href="https://www.smartkarma.com/entities/novo-resources-corp" target="_blank" data-smartkarma-citation="entities:25859:1" rel="noopener">Novo Resources (NVO CN)</a> are deletes.</li>
<li>One way turnover is estimated at 4.3% resulting in a one-way trade of US$163m. There is over 1 day of ADV to trade on 24 stocks.</li>
<li>Largest inflows are on Filo Mining (FIL CN) and <a href="https://www.smartkarma.com/entities/tietto-minerals-ltd" target="_blank" data-smartkarma-citation="entities:28006:1" rel="noopener">Tietto Minerals Ltd (TIE AU)</a> while largest outflows are on <a href="https://www.smartkarma.com/entities/fresnillo-plc" target="_blank" data-smartkarma-citation="entities:21939:1" rel="noopener">Fresnillo PLC (FRES LN)</a> and <a href="https://www.smartkarma.com/entities/centerra-gold-inc" target="_blank" data-smartkarma-citation="entities:25634:1" rel="noopener">Centerra Gold (CG CN)</a>. </li>
</ul>


Filo Mining (FIL CN) and Tietto Minerals (TIE AU) are adds while Fresnillo (FRES LN), Galiano Gold (GAU US), Jaguar Mining (JAG CN) and Novo Resources (NVO CN) are deletes.
One way turnover is estimated at 4.3% resulting in a one-way trade of US$163m. There is over 1 day of ADV to trade on 24 stocks.
Largest inflows are on Filo Mining (FIL CN) and Tietto Minerals Ltd (TIE AU) while largest outflows are on Fresnillo PLC (FRES LN) and Centerra Gold (CG CN). 


MVIS Global Junior Gold Miners Index Rebalance: Two Adds, Four Deletes, Float Changes

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

Energy Select Sector SPDR Fund / Technical Analysis

<ul>
<li>We still see signs suggesting a test of the lows or a break to new lows is increasingly likely on the S&amp;P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM).</li>
<li>One of those signs is the fact that defensives (Utilities, Staples, pharma, Real Estate) remain at new RS highs.</li>
<li>Meanwhile, WTI crude oil and the Bloomberg Commodity index (DJP) are breaking out from 1-month consolidations, signaling upside continuation. Stick with the commodity and defensive Sectors.</li>
</ul>


We still see signs suggesting a test of the lows or a break to new lows is increasingly likely on the S&amp;P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM).
One of those signs is the fact that defensives (Utilities, Staples, pharma, Real Estate) remain at new RS highs.
Meanwhile, WTI crude oil and the Bloomberg Commodity index (DJP) are breaking out from 1-month consolidations, signaling upside continuation. Stick with the commodity and defensive Sectors.


Sticking With Commodity and Defensive Sectors; Buying Coal, Steel, Gold Stocks

<ul>
<li>Gold has been consolidating its gains following the major breakout above 1850, and is now bullishly inflecting above 1970 short-term resistance.</li>
<li>We believe this sets the stage for a test of the 2089 all-time highs, and we expect a breakout which would complete a 10-year cup-and-handle pattern.</li>
<li>Gold and silver miners (GDX, GDXJ, SILJ) are also breaking out -- overweight/add exposure. Now is an opportune time to get in on these fresh breakouts.</li>
</ul>


Gold has been consolidating its gains following the major breakout above 1850, and is now bullishly inflecting above 1970 short-term resistance.
We believe this sets the stage for a test of the 2089 all-time highs, and we expect a breakout which would complete a 10-year cup-and-handle pattern.
Gold and silver miners (GDX, GDXJ, SILJ) are also breaking out -- overweight/add exposure. Now is an opportune time to get in on these fresh breakouts.


Miners Breaking Out, Buy Gold & Silver Miners NEM, GOLD, FNV, AEM, AUY, SSRM, BTG, WPM, PAAS, Others

VanEck Gold Miners ETF/USA / Technical Analysis

<ul>
<li>As highlighted in last week's U.S. Macro Vision, our outlook is now bullish as we saw the breakouts we needed in the Russell 2000 (IWM) and Industrials (XLI). </li>
<li>Gold miners (GDX) are attractive bottom-fishing candidates as price and RS show signs of bottoming -- add exposure. We are bullish as long as the GDX is above $31</li>
<li>Charts Highlighted: S&amp;P 500, Gold, GDX, AMZN, NFLX, JD, VIPS, SSTK, OSTK, KL, BTG, AGI, PVG, EGO, SA, IAG, NGD, GFI, AU, and HMY</li>
</ul>


As highlighted in last week's U.S. Macro Vision, our outlook is now bullish as we saw the breakouts we needed in the Russell 2000 (IWM) and Industrials (XLI). 
Gold miners (GDX) are attractive bottom-fishing candidates as price and RS show signs of bottoming -- add exposure. We are bullish as long as the GDX is above $31
Charts Highlighted: S&amp;P 500, Gold, GDX, AMZN, NFLX, JD, VIPS, SSTK, OSTK, KL, BTG, AGI, PVG, EGO, SA, IAG, NGD, GFI, AU, and HMY


<p>We continue to have a bullish outlook and we believe the path of least resistance remains higher. Perhaps the most important thing which supports our bullish outlook is the continued lack of breakdowns on all S&amp;P 500 Sectors and all the major averages. In today’s report we highlight attractive Groups and stocks within Materials: Copper, Gold, Silver, Platinum, and Uranium Mining.</p>

We continue to have a bullish outlook and we believe the path of least resistance remains higher. Perhaps the most important thing which supports our bullish outlook is the continued lack of breakdowns on all S&amp;P 500 Sectors and all the major averages. In today’s report we highlight attractive Groups and stocks within Materials: Copper, Gold, Silver, Platinum, and Uranium Mining.

U.S. Equity Strategy: Upgrading Materials To Overweight

Canada

Alamos Gold Inc. is an intermediate gold producer. The Company acquires, explores and produces gold from mines located in Canada, Mexico and the United States.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Alamos Gold Inc (AGI CN)

MVIS Global Junior Gold Miners Index Rebalance: Two Adds, Four Deletes, Float Changes

There are 2 adds & 4 deletes resulting in one way turnover of 4.3% & a one-way trade of US$163m. There is over 1 day of ADV to trade on 24 stocks....

Brian Freitas

Sticking With Commodity and Defensive Sectors; Buying Coal, Steel, Gold Stocks

Crude oil and the Bloomberg Commodity index $DJP are breaking out from 1-month consolidations, signaling upside continuation. Stick with the...

Vermilion Research

Miners Breaking Out, Buy Gold & Silver Miners NEM, GOLD, FNV, AEM, AUY, SSRM, BTG, WPM, PAAS, Others

#Gold has been consolidating its gains following the major breakout above 1850, and is now bullishly inflecting above 1970 short-term resistance....

Vermilion Research

Bullish Outlook Intact; Mining For Gold

Our outlook is now bullish as we saw the breakouts we needed in the Russell 2000 (IWM) and Industrials (XLI). We continue to believe we have...

Vermilion Research

U.S. Equity Strategy: Upgrading Materials To Overweight

We continue to have a bullish outlook and we believe the path of least resistance remains higher. Perhaps the most important thing which supports...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)